Bechtel has announced that the company will combine its civil and most of its power business units to create the Bechtel Infrastructure global business unit (GBU).
Toby Seay, president of Bechtel's power business, will become president of the Infrastructure GBU, which will be headquartered in London. Peter Dawson, president of the company's civil business, will become Bechtel's head of corporate services and chief financial officer.
Bill Dudley, Bechtel's chief executive officer stated:
Markets are changing and it's crucial for us to adapt so that we can continue to deliver the world-class projects customers expect from us. The cities and industrial areas of tomorrow increasingly will be designed and built with roads, airports, ports, rail, water systems, communications, and power integrated into an overall plan.
As part of the reorganization, Bechtel also creates a new unit, Nuclear, Security & Environmental (NS&E), which combines the company's government and commercial nuclear businesses. This move significantly strengthens Bechtel's nuclear portfolio and builds an industry-leading organization with capabilities across the lifecycle of facilities and sites for both commercial and government customers. Craig Albert, president of the government services business, will lead Bechtel NS&E.
NS&E will operate through four global business lines: Nuclear Security & Operations, Nuclear Power, Defense & Security, and Environmental.
The reorganization and leadership changes take effect January 1, 2015.