Bechtel has appointed current CEOÂ Bill DudleyÂ as vice chairman, President and Chief Operating OfficerÂ Brendan Bechtel as the next chief executiveÂ andÂ Jack Futcher — president of the companyâs oil, gas and chemicals business — as groupÂ president and COO.
The company saidÂ Tuesday the executive leadership changes will take effect onÂ Sept. 1.
“Bill has been a dynamic leader for our company as CEO and previously as president & COO, where he was pivotal to Bechtel achieving a decade of extraordinary growth, ” said Bechtel Board Chair Riley Bechtel.
“Further, Jack and Brendan are the right team to provide strong leadership in support of the very capable team they have developed as we approach a period of volatility in our markets.”
Dudley has worked at Bechtel since 1981 and wasÂ appointed asÂ the company’s firstÂ non-family member CEO in 2014 after prior serviceÂ as president and COO.
The incoming vice chairmanÂ will also continue to serve onÂ the board of directors — where he has been a member since 2000.
Brendan Bechtel will succeed Dudley toÂ become the fifth-generation family member to serve asÂ Bechtel’s CEO.
He was appointed to the board in 2014 and previously workedÂ asÂ president of OG&C and general manager ofÂ theÂ liquefied natural gas business.
Futcher led OG&C’s diversification efforts andÂ growth strategy in theÂ LNG sector in his previous role.
TheÂ 36-year company veteran also held roles asÂ global manager of procurement, project manager on energy mega-projects, president of the power business and executive sponsor for the mining and metals business.