Bob Pragada Appointed Chair of Jacobs Board of Directors; Louis Pinkham Named Lead Independent Director
Jacobs (NYSE:J) has announced significant leadership changes. Bob Pragada, the current CEO, will also assume the role of Chair of the Board upon the separation of the company's Critical Mission Solutions and Cyber and Intelligence businesses. This marks Pragada as the fourth Chair in Jacobs' history. Steve Demetriou, the current Chair, will transition to Amentum as their new Executive Chair.
Additionally, Louis Pinkham has been elected as the new Lead Independent Director, replacing Chris Thompson who will move to the Amentum Board. These changes reflect Jacobs' commitment to continued growth and innovation in its core businesses, which generate approximately $16 billion in annual revenue with a workforce of over 60,000 employees.
Jacobs (NYSE:J) ha annunciato significative modifiche al vertice. Bob Pragada, l'attuale CEO, assumerà anche il ruolo di Presidente del Consiglio in seguito alla separazione delle aziende Critical Mission Solutions e Cyber e Intelligence della società. Questo segna Pragada come il quarto Presidente nella storia di Jacobs. Steve Demetriou, l'attuale Presidente, transiterà verso Amentum come loro nuovo Presidente Esecutivo.
Inoltre, Louis Pinkham è stato eletto nuovo Direttore Indipendente Principale, sostituendo Chris Thompson, che si trasferirà nel Consiglio di Amentum. Queste modifiche riflettono l'impegno di Jacobs per una continua crescita e innovazione nei suoi settori chiave, che generano circa 16 miliardi di dollari di entrate annuali con un organico di oltre 60.000 dipendenti.
Jacobs (NYSE:J) ha anunciado cambios significativos en el liderazgo. Bob Pragada, el actual CEO, asumirá también el papel de Presidente del Consejo tras la separación de los negocios de Critical Mission Solutions y Cyber e Inteligencia de la empresa. Esto convierte a Pragada en el cuarto Presidente en la historia de Jacobs. Steve Demetriou, el actual Presidente, hará la transición a Amentum como su nuevo Presidente Ejecutivo.
Además, Louis Pinkham ha sido elegido como el nuevo Director Independiente Principal, reemplazando a Chris Thompson, quien se trasladará a la Junta de Amentum. Estos cambios reflejan el compromiso de Jacobs con el crecimiento continuo y la innovación en sus negocios fundamentales, que generan aproximadamente 16 mil millones de dólares en ingresos anuales con una fuerza laboral de más de 60,000 empleados.
Jacobs (NYSE:J)가 중요한 리더십 변화를 발표했습니다. Bob Pragada, 현재 CEO는 회사의 Critical Mission Solutions 및 Cyber and Intelligence 사업부 분리 후 이사장 역할도 맡게 됩니다. 이는 Pragada가 Jacobs 역사상 네 번째 의장이 되는 것을 의미합니다. Steve Demetriou, 현재 이사장은 Amentum의 새로운 집행 이사로 전환하게 됩니다.
더욱이 Louis Pinkham이 새로운 주요 독립 이사로 선출되어 Chris Thompson을 대체하게 되며, Thompson은 Amentum 이사회로 이동할 것입니다. 이러한 변화는 Jacobs가 약 160억 달러의 연간 수익을 창출하는 핵심 비즈니스에서 지속적인 성장과 혁신을 추구한다는 의지를 반영합니다. 직원 수는 60,000명이 넘습니다.
Jacobs (NYSE:J) a annoncé des changements significatifs au niveau de la direction. Bob Pragada, l'actuel PDG, assumera également le rôle de Président du Conseil suite à la séparation des activités Critical Mission Solutions et Cyber et Intelligence de l'entreprise. Cela fait de Pragada le quatrième Président de l'histoire de Jacobs. Steve Demetriou, l'actuel Président, fera la transition vers Amentum en tant que nouveau Président Exécutif.
De plus, Louis Pinkham a été élu nouveau Directeur Indépendant Principal, remplaçant Chris Thompson qui rejoindra le Conseil d'Amentum. Ces changements reflètent l'engagement de Jacobs à poursuivre sa croissance et son innovation dans ses activités principales, qui génèrent environ 16 milliards de dollars de revenus annuels avec une main-d'œuvre de plus de 60 000 employés.
Jacobs (NYSE:J) hat bedeutende Veränderungen in der Unternehmensführung bekanntgegeben. Bob Pragada, der aktuelle CEO, wird auch die Rolle des Vorsitzenden des Vorstands übernehmen, nachdem die kritischen Mission Solutions und Cyber- und Intelligenz-Geschäfte des Unternehmens getrennt wurden. Dies macht Pragada zum vierten Vorsitzenden in der Geschichte von Jacobs. Steve Demetriou, der aktuelle Vorsitzende, wird zu Amentum wechseln als deren neuer Exekutivvorsitzender.
Zusätzlich wurde Louis Pinkham als neuer Lead Independent Director gewählt, um Chris Thompson zu ersetzen, der zum Amentum-Vorstand wechseln wird. Diese Änderungen spiegeln das Engagement von Jacobs wider, das Wachstum und die Innovation in ihren Kerngeschäften fortzusetzen, die jährlich etwa 16 Milliarden US-Dollar Umsatz mit einer Belegschaft von über 60.000 Mitarbeitern generieren.
- Bob Pragada's appointment as Chair ensures continuity in leadership
- Louis Pinkham, CEO of Regal Rexnord, brings fresh perspective as new Lead Independent Director
- Company maintains strong revenue of approximately $16 billion annually
- Large talent force of over 60,000 employees
- Departure of experienced Chair Steve Demetriou to Amentum
- Potential disruption due to separation of Critical Mission Solutions and Cyber and Intelligence businesses
Steve Demetriou, who has served as Chair since 2016, will be joining Amentum as their new Executive Chair following the separation, where he will bring his wealth of experience and leadership to guide that company's continued success.
During Steve's tenure as Chair, he led Jacobs through a period of substantial growth and transformation. Under his leadership, the company expanded its global footprint, diversified its portfolio, and solidified its position as a leader in sustainability and technology-driven solutions.
Pragada joined Jacobs in 2006, becoming CEO and joining the Board in 2023 following several successful senior leadership roles. His appointment as Chair reflects his deep commitment to Jacobs' mission and his vision for the company's future.
"We are excited to have Bob Pragada step into the role of Chair," said Steve Demetriou. "His leadership and experience have been instrumental in shaping Jacobs into the great company it is today. I am confident Bob will continue to drive the company forward with the same passion and dedication that has defined his career."
"I am deeply honored and proud to be appointed Chair of Jacobs, a company where I have spent the last 18 years of my career. I'm looking forward to continuing to work with our Board of Directors, our leadership team and our employees to deliver solutions for some of the world's toughest challenges. On behalf of the entire Jacobs team, I want to express our deepest gratitude to Steve for his exceptional leadership and unwavering commitment to Jacobs," said Bob Pragada. "Steve's vision and guidance have been pivotal in positioning Jacobs as a global leader, and we wish him all the best in his new role at Amentum."
Jacobs remains dedicated to pushing the boundaries of innovation and delivering world-class solutions to its clients. With Bob Pragada at the helm as both CEO and Chair, the company is well-positioned to continue its trajectory of growth and excellence.
Following the successful closure of the CMS transaction, Jacobs' current Lead Independent Director, Chris Thompson, will move to the Amentum Board, and Louis Pinkham has been elected to serve as Lead Independent Director. Pinkham, currently CEO of Regal Rexnord, joined the Jacobs Board in Sept 2023.
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, our plans to spin off and merge with Amentum our Critical Missions Solutions business and a portion of our Divergent Solutions business in a proposed transaction that is intended to be tax-free to stockholders for
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