News Feed Item

Bechtel Announces Leadership Changes

Bill Dudley Named President and Chief Executive Officer; Succeeds Riley Bechtel, Who Remains Chairman of the Board

SAN FRANCISCO, Feb. 3, 2014 /PRNewswire/ -- Bechtel, one of the world's leading engineering, procurement, and construction companies, today announced several leadership changes throughout its worldwide organization, effectively immediately. 

(Logo: http://photos.prnewswire.com/prnh/20130124/SF47758LOGO)

Bill Dudley, who has served as president and chief operating officer since 2008, has been named president & CEO of the Bechtel group of companies, which includes Bechtel Corporation and all of its subsidiaries worldwide. Dudley takes over for Riley Bechtel, who is stepping down for health reasons from day-to-day operations as the company's chief executive. Bechtel, who will remain chairman of the company's board of directors, has been chairman & CEO of the company for nearly 25 years.

"For many years Bechtel has approached succession planning with diligence to ensure smooth transitions in leadership. Our plan includes provision for unplanned events, which we are now encountering. We are well prepared to act quickly in everybody's best interest with no loss of momentum," said Bechtel. He added, "Bill has been our top candidate for CEO succession for some time, and he is well qualified in every respect to take over now. He will be an outstanding CEO for our company; he is highly regarded by our colleagues, customers, partners, and suppliers. I have tremendous confidence in Bill's ability to continue to move the company forward."

Dudley is the first nonfamily member to serve as president and CEO since the company's founding. He joined the company in 1981 and over the next 20 years excelled in a variety of operational and executive roles, including managing key global projects, serving as president of the company's Europe, Africa, Middle East, and Southwest Asia region, and serving as president of the Oil, Gas & Chemicals business unit. He was elected to the company's board of directors in 2000 and named president and chief operating officer in 2008. 

"I look forward to furthering the successful path for Bechtel that Riley began more than 24 years ago as CEO, building on the foundation started by his great-grandfather in 1898," said Dudley. "Bechtel is a remarkable company, and I am honored to be entrusted with this role." 

In other appointments, Jack Futcher, currently president of the company's largest and most successful business unit—Oil, Gas, & Chemicals—has been named an executive vice president and sponsor of the Oil, Gas, & Chemicals and Mining & Metals business units as well as the regional organizations. As executive sponsor, Futcher will provide additional oversight of and support to these businesses, which have similar global characteristics. Futcher joined Bechtel in 1980, was named president of the company's power unit—Bechtel Power—in 2008, and became president of Oil, Gas, & Chemicals and elected to the company's board of directors in 2010.

Brendan Bechtel, son of Riley Bechtel, succeeds Futcher as president of the Oil, Gas, &Chemicals business. Brendan was previously the general manager of the company's liquefied natural gas business.  He is credited with being the principal architect of updating the Bechtel Leadership Model, which has guided the company's leadership behaviors for many years. Brendan, who first began working for the company on summer breaks while in high school, becomes the fifth-generation member of the Bechtel family to serve in an executive leadership capacity.  

Alasdair Cathcart, a 25-year veteran of the company, will take over for Brendan as general manager of the LNG business. Today, Bechtel is responsible for more than half of the world's LNG capacity under construction. Cathcart has held positions in multiple Bechtel business units and served in a variety of project, functional, general management, and executive leadership roles, which included succeeding Futcher as president of Bechtel Power before focusing full-time on the company's LNG business across Australia.

"I am delighted to announce these immediate promotions for Bill, Jack, Brendan, and Alasdair. They are all very well deserved, and each of these leaders embodies the necessary qualities to propel the company forward," the elder Bechtel commented, adding, "Words cannot fully describe the pride I feel for what the company has accomplished in the 24 years since I was privileged to become its CEO. I look forward to continuing to do my part to ensure that Bechtel is the premier engineer constructor on the planet and a great place to work."

Bechtel is widely regarded for its core values, first established 116 years ago and kept relevant through active family leadership. Today, three generations of the Bechtel family serve in leadership capacities—something that has not occurred since the 1980s: Stephen D. Bechtel, Jr., Riley's father, recently celebrated more than 60 years with the company and continues to serve as senior director on the board.

About Bechtel:

Bechtel is among the most respected engineering, project management, and construction companies in the world. We stand apart for our ability to get the job done right—no matter how big, how complex, or how remote. Bechtel operates through five global business units that specialize in civil infrastructure; power generation, communications, and transmission; mining and metals; oil, gas, and chemicals; and government services. Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today, our 53,000 employees team with customers, partners, and suppliers on diverse projects in nearly 50 countries. For more information about Bechtel visit www.bechtel.com

Media contact:

Charlene A. Wheeless
t. + 1 571 392 3891
m. +1 240 409 9490
[email protected]

SOURCE Bechtel

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...