X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

KANSAS CITY, MO-Black & Veatch, a Kansas City-based engineering firm with contracts worldwide, has announced a corporate restructuring that includes introducing a plan to focus on asset management and consulting and the divesture of the BV Solutions Group, a technology subsidiary. The plan, which takes effect Jan. 1, 2001, establishes market-based operating divisions within three business sectors: Energy, Water and Information. Previously, the company’s activities were organized under four business units: Power, Infrastructure, Electrical & Telecommunications and Process.

The company is also creating a new corporate center, which includes a finance division, a legal division and a newly created administrative division. All of the division heads will report directly to Len C. Rodman, chairman, president and CEO. “The creation of market-based operating units will highlight the profit performances of our various business activitites and will allow us to more effectively focus on the growth opportunities in our key markets,” Rodman says. “At the same time, through the establishment of the corporate center will be able to better manage our cost structure and achieve efficiencies across all divisions.”

No employees are expected to lose their jobs as a part of the restructuring. As a part of the plan, 12 individuals have been named to head the new operating divisions. Wayne F. Hall, vice chairman and acting president of the company’s process business, will assume responsibility for commercial affairs. Several offers have been made for BV Solutions Group, a computer consulting firm-Web solutions provider. The company and its 550 employees will likely remain in Kansas City, Rodman says.

Black & Veatch has more than 7,000 employees and 2,000 craft workers in 90 offices worldwide. It is ranked 61st on the Forbes list of 500 top private companies in the US. The engineering and construction company specializes in the fields of power, infrastructure, and telecommunications. The company works largely for utilities, industry and government agencies.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.