Steve Demetriou, who as CEO of Jacobs Solutions Inc. since 2015 led the industry giant's successful corporate rebranding and growth, will step down in January from the position. Company President and Chief Operating Officer Bob Pragada will succeed him, the Dallas-based firm announced on Sept. 15.
Demetriou will continue as executive board chair "for a minimum of two years" and Pragada will join the board, the publicly traded firm said in the announcement. The succession will take effect on Jan. 23, the date of the firm's annual shareholder meeting.