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AECOM, Los Angeles, announced June 15 that Troy Rudd has been named the company’s new CEO. Currently AECOM’s CFO, Rudd will assume the role from Michael Burke, who previously announced his plans to retire. The company also announced the appointment of Lara Poloni, currently AECOM’s chief executive of Europe, the Middle East and Africa (EMEA), to president of AECOM. Both appointments are effective Oct 1.

“Following a comprehensive six-month search process that considered internal and external candidates, the board concluded that Troy is best-suited to lead AECOM at this pivotal time. We enter this new chapter providing greater certainty to all our stakeholders that AECOM is moving decisively to sustain its solid momentum driven by its ongoing transformation into a professional services business,” Steven Kandarian, lead independent director of AECOM’s board of directors, says. “We have full confidence in Troy to define the next, successful era for our organization. His leadership, as well as Lara’s, have contributed to our strong financial performance and the execution of key initiatives that resulted in substantially improved profitability and expanded margins, and transformed our balance sheet with record levels of liquidity.”

“I am honored to be appointed CEO and look forward to leading AECOM with support from Lara, our executive leadership team and our board as our great company shapes the future of our industry,” Rudd says. “Our people have demonstrated dedication, perseverance and adaptability throughout our transformation and the uncertainties of this past year. This has only affirmed my belief that
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