Nicholas Masucci, chairman of the board of directors at Louis Berger, will retire from his role at the Morristown, New Jersey-based professional services firm on July 1.
Masucci, who cited health issues as the reason for his retirement, will continue to serve as a non-executive board member on a part-time basis, Louis Berger said Thursday.
Masucci previously served as president and CEO of Louis Berger prior to his appointment as chairman of the board in January 2015.
Jim Stamatis, formerly president of Louis Berger’s international operating company, succeeded Masucci in July 2015 as president and CEO.
“Throughout my career at Louis Berger, Nick has served as both a friend and mentor to me, and I want to publically thank him for his friendship, his 35-plus years of service and helping navigate Louis Berger through some of our most significant challenges, ” Stamatis said.
During his more than three-decade career at Louis Berger, Masucci led the formation of the firm’s U.S. practice and oversaw a $25 million, five-year reform initiative at the company that concluded in 2015.