Bechtel announces global reorganisation
Firm combines civils and power arms to create infrastructure division
Construction giant Bechtel has announced a restructuring of its business units with a view to strengthening its global capabilities, the firm said.
It is combining its existing civils, power, rail and aviation businesses into a combined infrastructure division. It has also created a nuclear, security and enviromental division which will include its existing nuclear security and operations, nuclear power, defense & security and environmental arms.
Bechtel president and chief operating officer, Brendan Bechtel, said: “The creation of Bechtel’s new infrastructure business leverages the global presence of our civil business and the lump-sum, direct-hire EPC execution capabilities of our power business.”
He added that the NS&E division "combines our industry-leading government services and nuclear power expertise".
Toby Seay, president of Bechtel's power business, will head the infrastructure arm, which will be headquartered in London. Peter Dawson, who currently runs the civils business, will become head of corporate services and chief financial officer. He succeeds Mike Adams, who will lead new strategic projects reporting directly to CEO Bill Dudley.
Dudley said: “Markets are changing and it’s crucial for us to adapt so that we can continue to deliver the world-class projects customers expect from us.
“The cities and industrial areas of tomorrow increasingly will be designed and built with roads, airports, ports, rail, water systems, communications, and power integrated into an overall plan. The Infrastructure global business unit will be able to meet that need seamlessly.”
The changes will take place from 1 January, 2015. In the GCC, Bechtel has delivered the Hamad International Airport in Doha and Abu Dhabi's Khalifa Port projects. It is also currently managing construction of Muscat International Airport.