URS Corp. has agreed to a call from a key investor, activist hedge fund JANA Partners, to reshape the firm's board to allow JANA more input in choosing a successor to Martin M. Koffel, who has run URS for more than 25 years and intends to step down.
The moves follow the firm's recent announcements of weaker-than-exected fourth-quarter and year-end 2013 results and the termination of President and Chief Operating Officer William J. "Bill" Lingard, who had been seen as Koffel's heir apparent.