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Aecon announces John M. Beck transition from Executive Chairman to non-executive Chairman
Aecon announces John M. Beck transition from Executive Chairman to non-executive Chairman ...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n\n\n\nAecon announces John M. Beck transition from Executive Chairman to non-executive Chairman\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Jan. 10, 2020\n\n\n\nTORONTO, Jan. 10, 2020 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that effective immediately, John M. Beck, Founder, former Chief Executive Officer and Executive Chairman has transitioned to the role of non-executive Chairman. Jean-Louis Servranckx, President and Chief Executive Officer, will assume full executive responsibility and will be fully supported by Mr. Beck and the Board.\n\n \n \n\n \nAs part of the transition, Mr. Beck's formal employment with the Company will cease and, as a result, Mr. Beck will receive 36 months' salary and short-term incentive plan entitlements and other benefits in accordance with his employment agreement.\n\"In close collaboration with John, the Board, as part of its succession planning responsibilities, believes the time is right for John to transition to the role of non-executive Chairman. Having served Aecon for over 50 years as Founder, former CEO and Executive Chairman, John has been an extraordinary leader, mentor and a true industry icon. Having laid the groundwork for Aecon's future with the appointment of Jean-Louis as President and CEO in 2018, it is the right time to build on that foundation,\" said Joe Carrabba, Lead Director.  \"Words cannot adequately express the appreciation the Board has for John's vast contributions to Aecon and we look forward to his continued support going forward,\" Carrabba added.\n\"Having spent five decades working in Canada's construction industry and being a part of Aecon's evolution, I firmly believe in the opportunities that lie ahead for Aecon and the value we bring to our communities, our clients, our employees and our shareholders. I am proud of what we've built together and have every confidence in Jean-Louis to take the baton and lead Aecon into its bright future,\" said John M. Beck. \n\"Since joining Aecon in 2018, I have benefited greatly from the experience, guidance and counsel...