CW In Focus | Aecom's response to US's Starboard Value explained
See how the American engineering giant is listening to its shareholder's advice to boost profitability
Aecom issued a response to Starboard Value, a 4% investor whose managing member, Peter Feld, in June 2019 called on the company to shutter its construction business and review fellow US firm Jacobs’ turnaround as part of wider suggestions to boost profitability at the American engineering consultancy.
In a statement, Aecom said it had “taken and [continued] to take proactive steps from a position of strength to create meaningful shareholder value”.
In this episode of Construction Week In Focus, Ranju Warrier, reporter at Construction Week, provides details of Starboard Value's suggestions, and Aecom's response to Feld's comments.
Construction Week In Focus is a twice-weekly bulletin of the Middle East's top news from the real estate development and contracting sectors. The series is hosted on Construction Week's YouTube channel, alongside weekly series published by its sister titles. The latter includes MEP Engineered by MEP Middle East, FM Live by facilities management Middle East, and Heavy Metal by PMV Middle East.
Subscribe to the Construction Week YouTube channel for the latest from the region's construction sector.
Construction Week In Focus episodes are published each Sunday and Wednesday. Heavy Metal episodes are published on Mondays, and FM Live updates are presented on Tuesdays. MEP Engineered rounds off the week each Thursday. All videos are published at 4.30pm Dubai time.