Ian Edwards steps in to become interim president and CEO succeeding Neil Bruce who has announced that he is retiring to return to his family in the UK.
Based on the terms of the agreement, gross proceeds to SNC-Lavalin from the sale could reach $3.25B in aggregate.
Ian Edwards has led SNC’s infrastructure business since 2014, previously he was a senior manager with the Leighton Group.
During the recent World Economic Forum meeting in Davos, Neil Bruce was nominated co-chair of the CEO-led Partnering Against Corruption Initiative.
“These important changes, effective January 1, 2018, are an important step forward and build on our recent momentum as we head into the new year,” Neil Bruce.
The merger positions the combined entity to capitalize on infrastructure projects globally and win wider nuclear work.