Stantec recently announced several changes to its executive team, in support of its newly released Three-Year Strategic Plan.
“Our strategic plan represents a sustainable path towards compelling earnings growth while enhancing and protecting our competitive position globally,” said Gord Johnston, Stantec’s president and chief executive officer. “The appointments we have made to our executive team are key to executing our strategic plan, driving our digital and innovation program forward, and continuing to strengthen the efficiency of our operations.”
The new executive appointments, effective Jan. 1, 2020, are:
Stuart (Stu) Lerner was named chief operating officer (COO) — North America. Lerner joined Stantec in 2007 through the Vollmer acquisition and has served as executive vice president for Stantec’s Infrastructure business operating unit since 2018. He has more than 30 years of experience in transportation infrastructure and transit-oriented development, as well as experience in the heavy civil construction industry. He has a bachelor’s degree in civil engineering from Lehigh University and a master of science degree in civil engineering from Stevens Institute of Technology.
Catherine (Cath) Schefer was named COO — Global. Schefer joined Stantec through the acquisition of MWH in 2016 and has served as executive vice president for Stantec’s global region since 2018, having overall responsibility for the performance of all business operations outside of North America. She has over 30 years of experience in design, construction and program management of major infrastructure projects and programs. Schefer has a bachelor’s degree in civil engineering from the University of Leeds in the UK.
Marshall Davert was named chief innovation officer. Dr. Davert joined Stantec through the MWH acquisition and has served as executive vice president for Stantec’s Water business operating unit since 2017. Dr. Davert has 35 years of experience providing strategic direction for the planning, delivery, and operation of water-related infrastructure and has a bachelor’s degree in applied mathematics from San Diego State University and master’s and doctorate degrees in civil engineering from UCLA.
Additionally, current COO Scott Murray will be retiring at the end of 2019. Murray joined Stantec in 2008 through the acquisition of Fuller, Mossbarger, Scott and May Engineers.
In a nutshell, Stantec’s three-year strategy aims to grow earnings per share at a compound annual growth rate (CAGR) of greater than 11% by the end of 2022, deliver a return on invested capital of greater than 10% by the end of 2022, grow net revenue at a long-term CAGR of greater than 10%, and drive adjusted EBITDA margins to the range of 16% to 17% by the end of 2022.
Stantec is a global design and delivery firm that does considerable work in the hydroelectric power industry. Just one example is the company’s work to build three small hydropower plants in Samoa.