UPDATE 1-SNC-Lavalin shakes up structure, executive team

Fri Jan 18, 2013 12:30pm EST
 
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* Company creates new resources and environment group

* Appoints ex-Amec COO to head new group

* Patrick Lamarre, head of SNC's power group, resigns

Jan 18 (Reuters) - SNC-Lavalin's new chief executive moved to put his stamp on Canada's biggest engineering company on Friday, unveiling changes to its structure and executive team after a scandal-plagued year.

New CEO Robert Card, in the job since Oct. 1, appointed Neil Bruce, formerly chief operating officer of UK-based engineering company AMEC, president of SNC's newly formed resources and environment group.

The unit will include SNC's hydrocarbons and chemicals division, mining and metallurgy, environment and water businesses. It will be the company's biggest revenue contributor, at nearly 40 percent, according to AltaCorp Capital analyst Maxim Sytchev.

Bruce, who will be based in the United Kingdom, will also become a member of the Office of the President, a small inner circle of SNC's most senior executives.

"We believe the addition of Mr. Bruce to SNC's executive team and the Office of the President is significant, given that the expertise and relationships he acquired at AMEC could be useful in developing the SNC franchise, especially in oil & gas," Desjardins analyst Pierre Lacroix said.

SNC's previous head of mining and metallurgy retired in September and its hydrocarbons and chemicals unit head quit in December.   Continued...