AECOM has announced the appointment of W. Troy Rudd to Chief Executive Officer. Currently AECOM’s Chief Financial Officer, Rudd will assume the role from Michael Burke, who previously announced his plans to retire. Rudd’s appointment marks the completion of AECOM’s CEO succession search process. The Company also announced today the appointment of Lara Poloni, currently AECOM’s Chief Executive of Europe, the Middle East and Africa (EMEA), to President of AECOM. Both appointments are effective 1 October 2020.
“Following a comprehensive 6 month search process that considered internal and external candidates, the Board concluded that Troy is best suited to lead AECOM at this pivotal time. We enter this new chapter providing greater certainty to all our stakeholders that AECOM is moving decisively to sustain its solid momentum, driven by its ongoing transformation into a professional services business,” said Steven Kandarian, Lead Independent Director of AECOM’s Board of Directors.
“We have full confidence in Troy to define the next, successful era for our organisation. His leadership, as well as Lara’s, have contributed to our strong financial performance and the execution of key initiatives that resulted in substantially improved profitability and expanded margins, and transformed our balance sheet with record levels of liquidity.”
“I am honoured to be appointed CEO and look forward to leading AECOM with support from Lara, our executive leadership team, and our Board, as our great company shapes the future of our industry,” said Rudd. “Our people have demonstrated dedication, perseverance and adaptability throughout our transformation and the uncertainties of this past year. This has only affirmed my belief that we have the talent, capabilities and reach to deliver exceptional service to our clients, build on our strong financial performance, and create value for all our stakeholders.”
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