SNC-Lavalin reshuffling leadership ranks, restructuring amid poor performance
As the political furor over whether SNC-Lavalin Group Inc. received special treatment from the Prime Minister dominates national headlines, the Montreal engineering and construction company has been suffering through its own, separate business drama — reshuffling much of its executive lineup this year in the face of losses and mishaps.
“This new organizational structure will position us for further improving project delivery, driving sustainable growth and more consistent cash flow generation,” Neil Bruce, chief executive of SNC, said in a press release. As part of the restructuring, SNC announced a new “project oversight” position to “foresee and fix project-related issues in a timely fashion,” that will report directly to Bruce.
This new organizational structure will position us for further improving project delivery, driving sustainable growth and more consistent cash flow generation SNC also announced new people to lead its EDPM, capital and resources segments — the last of which combines the old mining with the oil and gas segment.
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