AECOM has launched a comprehensive strategy, called Think and Act Globally, to set the new standard of excellence in the Professional Services industry, the company reported on Monday. AECOM’s Board of Directors has increased the authorization in its existing stock repurchase program from $305 million to $1 billion, due to its confidence in its business and its strategy.
“Today’s announcements represent the next steps of our journey to set the new standard of excellence for the Professional Services industry,” said Troy Rudd, AECOM’s chief executive officer.
AECOM’s new strategy will extend the company’s global expertise and transform deliverables via integrating new technology and digital platforms. The strategy will advance AECOM’s position within the Environment, Social and Governance (ESG) industry.
“Over the past several years, our professionals have made great progress on our goal to create a higher-margin and lower-risk Professional Services business, and through this process we have identified several opportunities to extend our competitive advantages even further and take better advantage of our strengths,” Rudd added.
AECOM also announced the expansion of its Executive Leadership Team with the appointments of Todd Battley as chief strategy officer, Shirley Adams as chief human resources officer and Sarah Urbanowicz as chief information officer. The new executives will report to Rudd and are effective immediately.
“As part of our pursuit of this vision, I am excited to welcome Todd, Shirley and Sarah to our Executive Leadership Team, who I am confident will be tremendous leaders for our organization. The future for AECOM is bright and I am excited to see what we can accomplish when we come together unified under one goal of transforming our industry,” Rudd said.
AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges.
Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020.