Jacobs Names Craig Martin CEO - Noel Watson Remains Chairman
PASADENA, Calif., Feb. 23 -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that Jacobs President Craig Martin has
been promoted to the additional position of Chief Executive Officer effective
April 3, 2006. Noel Watson, currently Chairman and CEO, continues as
executive Chairman of the company. Noel Watson stated, "It is the perfect
time to transfer the leadership of the company to Craig, who has successfully
driven the organization over the past 3 1/2 years. Fiscal year 2006 is off to
a great start, we are prospect rich, and I'm absolutely confident the business
will continue to flourish."
Mr. Martin has over 30 years' experience in the technical professional
services business. Craig joined Jacobs in 1994 as the result of an
acquisition, where he had served as Senior Vice President, Operations. Prior
to becoming President of Jacobs in 2002, Craig was Jacobs Executive Vice
President, Global Sales. Mr. Martin said, "Noel built a deep, strong
executive team, one I am proud to lead. I am equally delighted that Noel's
role as executive Chairman provides for his continuing contribution to our
success. We remain committed to our business model, and our growth targets
are unchanged."
Jacobs, with over 40,000 employees and revenues exceeding $6.0 billion,
provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact
are forward-looking statements. Although such statements are based on
management's current estimates and expectations, and currently available
competitive, financial, and economic data, forward-looking statements are
inherently uncertain. We, therefore, caution the reader that there are a
variety of factors that could cause business conditions and results to differ
materially from what is contained in our forward-looking statements. For a
description of some of the factors which may occur that could cause actual
results to differ from our forward-looking statements please refer to our
2005 Form 10-K, and in particular the discussions contained under Items
1 - Business, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We also caution
the readers of this release that we do not undertake to update any
forward-looking statements made herein.
For additional information contact:
John W. Prosser
626.578.6803
