Energy Exec Stephanie Cox Now is Wood Americas CEO
U.K.-based energy services firm Wood says it has named Stephanie Cox CEO of its Americas business, which includes $4 billion in revenue from the U.S., Canada, Trinidad, Brazil, Mexico and Guyana, and 20,000 staff.
Based in Houston, she was president of oil-field services giant Schlumberger Ltd.’s North America land drilling business.
A 28-year veteran of that firm, Cox had also been its Asia unit president and corporate human resources vice president.
She succeeds Andrew Stewart, now executive vice president of Wood’s global business.
Dallas pipeline contractor Primoris Services has elevated President Tom McCormick to the added role of CEO, succeeding David King, who remains chairman and also becomes senior strategic advisor, says the firm. McCormick joined Primoris in 2016 as COO. He is formerly oil and gas president at CB&I.
Construction consultant Currie & Brown Inc., New York City, named Campbell Gray as chief operating officer of integrated project management, based in Dubai. He had been managing director of the Middle East/Africa unit at Faithful+Gould, which was acquired by design-build firm SNC-Lavalin in 2017.
Montreal-based design-build firm SNC-Lavalin Inc. on Oct. 31 named Ian Edwards as permanent CEO. He had been interim CEO since last June when he replaced Neil Bruce, who retired.
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Edwards had previously been firm chief operating officer, ran its infrastructure unit and is a veteran megaproject executive.
Since June, he has led SNC-Lavalin’s operations review to “de-risk the business model,” particularly in completing fixed-price construction contracts and exiting that type of work.
In an Oct. 31 call to air third-quarter results, Edwards reported net income of $2.8 billion, a key change from two previous quarter losses, but boosted by $2.6 billion from sale of its 10% stake in a Toronto road concession.
Fixed-price contracts dropped to $3.2 billion of its $15.6-billion total backlog, and engineering services and nuclear unit results exceeded analyst expectations, reporting respective margins of 18.5% and 10.6%, said SNC-Lavalin.
Company shares rose 20% on the Toronto stock exchange on Oct. 31.
Edwards “has acted swiftly and decisively to develop a … new strategic direction for the company,” said board chairman Kevin Lynch.
The firm still awaits a trial on long-pending federal bribery charges.
