AECOM has named Chief Financial Officer W. Troy Rudd to the position of CEO and appointed Lara Poloni, chief executive for Europe, Middle East and Africa operations, as president of the Los Angeles-based infrastructure services provider.
“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,” said Steven Kandarian, lead independent director of AECOM’s board of directors.
Rudd joined the company in 2009 and since then has held a variety of senior leadership roles, including operational and financial responsibility for its Americas design and consulting services business.
He has also managed capital, mergers and acquisitions, investor relations, treasury, corporate controllership and financial reporting, risk and controls, and tax and shared services functions.
Through Rudd’s leadership, AECOM has marked its sixth-consecutive quarter of substantial margin improvement in its professional services business, continued double-digit adjusted EBITDA growth, a record $9 billion of wins in the second quarter of fiscal 2020 and a new all-time high backlog level.
“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.”
Poloni, a 25-year company veteran, took the helm of the EMEA business in October 2017 and previously served as chief executive of Australia and New Zealand operations for the company.
She brings institutional knowledge of global infrastructure markets, deep sector experience, and commitment to inclusion, diversity and leadership development efforts.