Jacobs Elects Juan José Suárez Coppel to Its Board of Directors
PASADENA, Calif. -- March 29, 2013
Jacobs Engineering Group Inc. (NYSE:JEC) announced today the election of Juan
José Suárez Coppel, acclaimed Mexican economist and former General Director of
Petróleos Mexicanos (PEMEX), to its Board of Directors.
In announcing the election, Jacobs Board Chairman Noel G. Watson said, “We are
very pleased to welcome Mr. Suárez to our board. He brings a global
understanding of the oil and gas market and sound experience in both the
public and private sectors in Mexico. His vast knowledge and expertise is of
great value to Jacobs as we continue to expand our capabilities in Central and
Mr. Suárez was General Director of PEMEX, the national oil company of Mexico,
from 2009 to 2012. PEMEX is the world’s fourth largest oil producer and the
largest company in Mexico. Prior to his tenure as General Director, Mr. Suárez
held other positions at PEMEX, including Chief Financial Officer from 2001 to
2006. He also served as Chief of Staff of Mexico’s Secretaryof Finance and
Public Credit in 2000 and 2001. Consistent with his obligations under the laws
of Mexico, Mr. Suárez will recuse himself from board decisions relating to
In the private sector, Mr. Suárez was Co-Head of Equity Derivative Trading at
Banamex from 1991 to 1995 and has held senior leadership positions at Grupo
Televisa and Grupo Modelo; Mexico’s largest media company and largest brewer,
respectively. He has also taught economics at several leading universities in
Mexico, Europe and the United States. He is a graduate of the Instituto
Tecnológico Autónomo in Mexico City, and earned his Ph.D. in economics from
the University of Chicago.
Jacobs is one of the world's largest and most diverse providers of technical,
professional, and construction services.
Statements made in this release that are not based on historical fact are
forward-looking statements. We base these forward-looking statements on
management’s current estimates and expectations as well as currently available
competitive, financial and economic data. Forward-looking statements, however,
are inherently uncertain. There are a variety of factors that could cause
business results to differ materially from 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 2012
Form 10-K, and in particular the discussions contained under Items 1 -
Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's
Discussion and Analysis of Financial Condition and Results of Operations. We
do not undertake to update any forward-looking statements made herein.
Jacobs Engineering Group Inc.
John W. Prosser
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