AECOM ACM recently announced some key changes in its senior leadership positions to strengthen its prospects following the integration of the acquired engineering & construction firm URS Corp. In particular, AECOM has completed the integration and co-location of 800 URS employees and also formulated a robust human resource pool comprising 4,000 employees in 25 offices across Australia & New Zealand (“ANZ”).
AECOM had announced the acquisition of the San Francisco-based URS Corp. in Jul 2014 and completed the buyout three months later.
Appointing Leaders
AECOM is now focused on transforming itself from a mere “fee-for-service” provider to a “partner” for its clients offering “at-risk” program management and construction services. In order to smoothly facilitate this transition, the company has hired the services of Ms. Nicole Stoddart, who has profound experience in design and construction projects, as its managing director.
Additionally, Ms. Ashley Lang, who held a key role at URS Australia’s Oil & Gas business, has been appointed as market sector director of Oil & Gas for the entire ANZ area. She is in charge of supervising a multi-disciplinary team of around 200 members which will offer comprehensive solutions to both international and domestic clients. Moreover, Ms. Kate Dunton, who previously worked as the supervisor of AECOM’s Southern Marketing team, has been roped in as the director of Clients and Marketing for AECOM’s ANZ operations.
Moving Forward
AECOM’s management restructuring initiatives underline its efforts to tap broader prospects. Recently, the company launched Construction Services in the U.K. and the U.S. and its intention to launch the same in ANZ indicates the lucrative opportunities available in the region. AECOM remains flexible in offering clients the required support, whether as a lead contractor, joint venture partner or paid service provider, to fulfill their needs.
Moreover, AECOM is keen on tapping URS’s strong Oil & Gas capabilities, and is focused on providing technical support across the entire project lifecycle to bolster profitability. Finally, the company is also working on measuring and keeping track of progress to enhance customer satisfaction and stay ahead of its peers. Backed by a diversified portfolio comprising designing & construction services, positive industry trends and competent management structure, we believe the company is likely to experience steady growth, going forward.
AECOM currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Dycom Industries Inc. DY, KBR, Inc. KBR and Jiangsu Expressway Co. Ltd. JEXYY. While Dycom sports a Zacks Rank #1 (Strong Buy), both Jiangsu Expressway and KBR stocks hold a Zacks Rank #2 (Buy).
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