Bechtel has announced a number of changes to its executive leadership, which will be effective 1 September 2016. The current CEO, Bill Dudley, will become the Vice-Chairman of Bechtel Group Inc. The current President and COO, Brendan Bechtel, will succeed Dudley as CEO. Finally, the President of Bechtel’s Oil, Gas and Chemicals (OG&C) business, Jack Futcher, will become the President and COO of Bechtel Group Inc.
Riley Bechtel, the Chairman of the Board, said: “I am delighted to announce these changes that further strengthen our company and puts in place a dedicated and experienced executive leadership team that will drive us forward as we continue to innovate, re-tool and consistently deliver for our customers and colleagues.
"This is a natural evolution in our company and the result of diligent succession planning and execution."
Brendan Bechtel, the fifth-generation family member to serve as the company’s CEO, said: “I am especially honoured and humbled by this election just a few weeks after we celebrated my grandfather's 75 years of continuous service to Bechtel. Representing the fifth-generation of family leadership at this remarkable company is a unique responsibility.
"I look forward to continuing the family's legacy started by my great-great-grandfather in 1898, and most importantly, working with our strong team of committed and capable leaders to guide Bechtel into the future.”
Riley Bechtel said: “Bill has been a dynamic leader for our company as CEO and previously as President and COO, where he was pivotal to Bechtel achieving a decade of extraordinary growth. I look forward to his continued contributions to the company as Vice-Chairman. Further, Jack and Brendan are the right team to provide strong leadership in support of the very capable team they have developed as we approach a period of volatility in our markets.
“Today, I am both a proud father and confident chairman with Brendan coming in as CEO. He is highly qualified to become, and will be superb as, the next CEO."
Edited from press release by David Rowlands
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