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Bechtel Streamlines Organization, Announces Leadership Changes
Senior Vice President Gary Hammond, 51, will become president of Bechtel's integrated energy unit, effective July 1. The new organization combines the former petroleum and chemical, fossil power, and offshore units into a single Global Industry Unit. These three centers of excellence will combine their technology, strategy, marketing, and other operations. Throughout most of his 24 years at Bechtel, Hammond has been a member of the petroleum and chemical organization's management team. In 1995, Hammond was named manager of petroleum and chemical-Americas, focusing on the U.S. and Latin American markets, and the next year was named president of Bechtel's new petroleum and chemical Global Industry Unit.
Bechtel's nuclear power organization will become part of Bechtel Systems & Infrastructure, Inc., the company's government services, environmental remediation, and North American infrastructure unit. This realignment supports Bechtel's strategy to stake out a leadership position in the emerging U.S. market for decontaminating and decommissioning nuclear power plants.
Myles Crandall joins Bechtel as president of its civil Global Industry Unit. He succeeds Senior Vice President Bob Baxter, 51, who last November was appointed manager of Bechtel's human resources organization and has continued serving as president of Bechtel Civil in the interim. Crandall, 42, comes to Bechtel from Lockheed Martin Corporation. He spent 18 years with Lockheed, most recently responsible for the company's $4 billion joint venture with NASA to develop a recoverable launch vehicle to deploy satellites. Prior to that, he was chief financial officer and vice president of Lockheed's Missiles and Space business.
Senior Vice President Chuck Redman will become president of the industrial Global Industry Unit effective July 1. He will continue to manage external affairs. Redman, 54, joined Bechtel in 1996 after a 22-year career in the U.S. State Department. He served as U.S. ambassador to Sweden and Germany. He also was special envoy to Yugoslavia and Haiti during critical periods for both countries.
Redman succeeds Tim Statton, who becomes a managing director of Bechtel Enterprises, the company's finance, development, and ownership affiliate. Statton, 48, will be responsible for developing engineering and construction opportunities in the worldwide petroleum, chemicals, mining, metals, and water markets. He will oversee a number of other Bechtel Enterprises interests, including the firm's water and pipeline joint-venture companies.
Bechtel, this year celebrating its centennial, is one of the world's leading engineering, construction, management, and development companies. Revenues for 1997 totaled US$11.3 billion. Bechtel operates worldwide, serving the integrated energy, mining and metals, pipeline, civil, industrial, telecommunications, government services, and environmental markets.