Jacobs names Steven Demetriou as new president CEO

Jacobs names Steven Demetriou as new president and CEO

6:34 AM, 14th July 2015
Jacobs names Steven Demetriou as new president and CEO

PASADENA, US: Jacobs Engineering Group Inc said that Steven Demetriou has been named president and chief executive officer, starting 17 Aug. His appointment completes a rigorous selection process that began in Dec 2014, following the retirement of former president and CEO Craig Martin, Jacobs said.

Most recently Demetriou served as chairman and CEO of Aleris Corporation, a global downstream aluminum producer based in Cleveland. He brings over 30 years of global business leadership experience to Jacobs, including 14 years in the role of CEO. His career highlights include 16 years at ExxonMobil, where he held roles of increasing responsibility in the US and Europe in operations, commercial, financial and general management, it said.

Demetriou currently serves on the board of Kraton Performance Polymers and has also served on the board of Foster-Wheeler starting in 2008 and was non-executive chairman of Foster-Wheeler from 2011-2014.

“Demetriou is known for his passionate, hands-on leadership style, his strong customer relationships and his focus on operational excellence. Steve has a proven track record for driving growth and creating shareholder value, as well as a clear appreciation of our values and culture,” said Noel Watson, executive chairman, Jacobs.

Watson will return to his non-executive chairman role when Demetriou joins the company.

“Our selection process included a wide array of candidates both internal and external to Jacobs. The quality of the candidate slate and the interest in this position is testament to the strength of our brand and future potential. He is a great choice to lead Jacobs,” said Linda Fayne Levinson, independent director and chair of Jacobs’ human resource and compensation committee.

“I am very excited about the opportunity to lead a company with such an enviable global talent base and a strong reputation as one of the world’s largest and most diverse providers of technical professional and construction services. My immediate objective is to listen and engage with Jacobs’ employees, customers and shareholders, as well as develop and implement strategies to realize Jacobs’ enormous potential to achieve focused growth into the future,” said Demetriou.

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