Jacobs Engineering (NYSE: JEC) has decided to restructure its executive leadership structure around four business segments under an initiative that the company expects to complete during the first quarter of its fiscal 2016.
Steve Demetriou, Jacobs president and CEO, said Wednesday the company will implement the new structure in an effort to increase operational efficiency and drive growth.
J. Gary Mandel will serve as president of the petroleum and chemicals business line, while Phillip Stassi will lead the buildings and infrastructure segment.
Jacobs also appointed Terence Hagen and Andrew Krermer to respectively serve as president of aerospace and technology and industrial lines of business.
All four executives will report directly to Demetriou.
