SNC-Lavalin appoints auto exec as new CFO
Pedestrians walk past the offices of SNC Lavalin in Montreal. (Ryan Remiorz / THE CANADIAN PRESS)
The Canadian Press
Published Wednesday, April 3, 2013 10:21AM EDT
MONTREAL -- SNC-Lavalin has appointed an executive with experience in the automotive, energy and banking sectors in Europe and Asia as its new chief financial officer.
Alain-Pierre Raynaud begins his duties June 1 and will be based at the engineering giant's Montreal headquarters, the company said Wednesday.
He replaces Gilles Laramee, who was appointed executive vice-president of infrastructure, concessions and investments.
SNC-Lavalin CEO Robert Card said the company is pleased to have hired someone of Raynaud's calibre.
Raynaud holds a doctorate in economics and has spent 32 years working with global companies specializing in project management.
After beginning his career as a financial analyst, he joined Renault and later moved to Japan to lead Nissan's financial operations. Raynaud later became CFO of energy giant Areva, where he oversaw its organization restructuring before being named to head its U.K. division.
SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction groups in the world with more than $8 billion of annual revenues and $310 million of profits.