SNC Lavalin CEO sees growth potential despite scandal |
| Reuters - Oct 1, 2012 |
SNC Lavalin Group has strong long-term growth potential despite the chilling effect of a misconduct scandal, its new CEO said on Monday, even as a fresh report surfaced about mysterious payments allegedly made by the Canadian engineering and construction company to win a contract.
Chief Executive Robert Card, in his first day on the job, said he will need time to study the company and set a strategy to restore SNC to firm footing after a far-reaching ethics scandal first rocked the company earlier this year.
"Every company has things they can do better and that's what I'm going to be looking for," Card said in an interview with Reuters. "T he first priority is managing and mitigating risk to the employees, the clients and investors."
Card replaces former CEO Pierre Duhaime, who resigned as chief executive of 101-year-old SNC in March after an internal probe found that he had authorized $56 million in mystery payments to agents on construction contracts that did not exist.
Read Full Article from Reuters
- Posted: 2012-10-01 14:52:10
| More Stock Investor Place Company News |
 |
|
|
|
| Stock Investor Place Company News Archive |
|
|
|
