SNC Lavalin head office is shown in Montreal, Friday, April 13, 2012. THE CANADIAN PRESS/Graham Hughes
August 10, 2012 - 6:58 PM
MONTREAL - Embattled SNC-Lavalin (TSX: SNC) says it has appointed Robert Card as the company's new chief executive following the resignation of Pierre Duhaime, who stepped down amid controversy.
The new president and CEO, who will take the reins Oct. 1, comes from CH2M Hill Companies Ltd., and was chosen after a global search.
SNC-Lavalin has been feeling the fallout from investigations into $56 million worth of payments that were directed through its Tunisian office to unknown sales agents.
The rogue payouts prompted it to part ways with several senior executives, including former chief executive officer Pierre Duhaime.
Duhaime stepped aside in March after a probe revealed he signed off on payments to undisclosed agents, breaching the company's code of ethics.
SNC-Lavalin has said Duhaime co-operated with its internal investigation, but he couldn't provide details of the payments.
News from © The Canadian Press, 2012