SNC-Lavalin names UAE-based Craig Muir as global resources pres
New global president of resources will report to the COO and joins SNC-Lavalin from Petrofac, where he was CCO
Craig Muir has been appointed global president of resources at Canadian engineering and contracting giant SNC-Lavalin, effective 8 April, 2019.
Based in the UAE and reporting to Ian Edwards, chief operating officer at the Montreal-headquartered firm, Muir leads the company’s global resources sector, including oil and gas, and mining, and metallurgy markets.
He joins SNC-Lavalin from Petrofac, where he was the group’s chief commercial officer and an executive committee member.
According to an SNC-Lavalin statement, Muir was responsible for the leadership, management, and delivery of “major projects, deployment of effective operations, and development of medium and large businesses into new service sectors and geographies”.
Before that, he headed up Petrofac’s engineering and consulting services business, accountable in this role for the "delivery, performance, strategic growth, and development of all reimbursable services".
He holds an MBA from the University of Strathclyde, with a background in mechanical and production engineering.
In a statement by SNC-Lavalin, Edwards said Muir “brings a wealth of international experience to our resources sector, adding: "I’m confident that he’ll leverage our combined strengths and lead our business expansion globally.”
The appointment as the engineering and contracting firm faces financial challenges in light of the diplomatic spat between Canada and Saudi Arabia.
Speaking in March on the group’s Q4 and full-year financial results for 2018, which included a 440% annual decline in net revenues, Neil Bruce, president and chief executive officer of SNC-Lavalin, described 2018 as “a disappointing year”, with the group’s mining and metallurgy, and oil and gas segments all underperforming.
He added: “Due to a deterioration of the oil and gas segment’s near-term prospects caused by various factors, including difficult inter-governmental relations between Canada and Saudi Arabia; unpredictable commodity prices; and uncertain client investment plans, we were required to record a goodwill impairment in the [Q4].”