SNC-Lavalin Group Inc. says it has appointed Magna International Inc. chairman William Young effective Wednesday to head its board and oversee the company’s turn away from massive construction and resources projects toward a slimmer profile in engineering services.
Young replaces Kevin Lynch, who announced his pending departure as SNC chairman in May following more than two years in the role.
Get breaking National news
Young, who has helmed Magna’s board since 2012, currently serves on the board of Intact Financial, a Toronto-based insurance firm.
READ MORE: Over $4M in assets seized from convicted former SNC-Lavalin exec Sami Bebawi
A chemical engineer by training who cut his teeth at Imperial Oil in Western Canada, Young has experience in management consulting and corporate strategy as a former partner at Bain & Co. and a founding partner with Boston-based private equity firm Monitor Clipper.
- Christine Sinclair, Michael J. Fox among new Order of Canada appointees
- Neighbour shaken after police search Alberta apartment linked to Montreal shooting
- Okanagan man accused of killing his ex-wife delivers closing arguments to jury
- Food truck operator says he was sidelined by City of Vancouver during World Cup
He has also served as chairman of Queen’s University’s board of trustees, and is currently chairman emeritus.
SNC has been working to set a new strategic direction over the past year including the addition of several new senior executives and changes on its board of directors.
Comments
Want to discuss? Please read our Commenting Policy first.