Aecon holds 2013 Annual General Meeting

TORONTO, June 11, 2013 /CNW/ - Aecon Group Inc. (TSX: ARE) held its Annual 
General Meeting today at the Design Exchange in Toronto, and reaffirmed its 
positive outlook for 2013 and its target of 9 per cent EBITDA margin in 2015. 
"We have made considerable progress in improving our margins through a 
continuous and relentless focus on execution. Aecon has been built as a 
proudly Canadian company, and we are confident that through our hard work 
Aecon will become Canada's premier construction and infrastructure development 
company," said John M. Beck, Chairman and CEO. 
McKibbon Appointed as President and Chief Operating Officer 
At its Board Meeting held after the Annual General Meeting, Aecon also 
announced the appointment of Terrance L. McKibbon, currently Chief Operating 
Officer, as President and Chief Operating Officer of Aecon Group Inc. and the 
Honourable Brian V. Tobin as Lead Director and Vice Chairman of Aecon Group 
Inc. 
Mr. McKibbon has been with Aecon since 1996 and has effectively led its 
operations team with a strategic and collaborative leadership style that has 
brought together its various business units to offer turnkey solutions to 
clients, utilizing the company's diverse set of capabilities. 
"Aecon has been in the process of transforming itself to offer an unparalleled 
suite of services in its three core market sectors: infrastructure, energy and 
mining, and Teri has been at the forefront of our focus on improving margins 
with a disciplined approach to bidding, project controls and risk management 
practices," said John M. Beck. "Teri is an extraordinary leader who I am 
confident will drive Aecon's continued strong financial performance." 
Mr. McKibbon said: "Aecon will continue to execute its business strategy 
focusing on people, profitability, partnerships and performance, including 
continually leveraging our national scope and scale." 
He cited the Company's success in building a national mining capability and 
growth in its pipeline business in Western Canada. He also said that a 
recently announced $250 million cogeneration project (in a 50/50 joint venture 
with Black & Veatch) is further evidence of Aecon's growth and positive 
outlook in the energy sector. 
"This project demonstrates the diverse capabilities that Aecon can provide to 
our clients," added Mr. McKibbon. 
The project includes engineering and construction of a cogeneration facility 
located at the Syncrude Upgrader site and will also involve pipe fabrication 
and module assembly work. 
Election of Board of Directors 
Aecon's shareholders elected Monica Sloan as a new Director to the Board. 
Ms. Sloan is currently a Director of Methanex, the world's largest supplier of 
methanol, and is the former Chief Executive Officer and Managing Director of 
Intervera Ltd. a data quality product and solutions firm servicing the energy 
and utilities industry. She has broad business experience having served as the 
President at Kelman Technologies, President and Founder of TELUS Advanced 
Communications, and has held senior management positions at Digital Canada and 
Nova Corporation. Ms. Sloan holds a Masters of Engineering from Stanford 
University and a Masters of Business Administration from Harvard Business 
School. 
Ms. Sloan replaces Rob Wildeboer who did not stand for re-election after 
serving as a Director of Aecon for twenty years. 
Aecon's shareholders also elected Chairman John M. Beck, Austin C. Beutel, 
Michael A. Butt, Anthony P. Franceschini, J.D. Hole, Rolf Kindbom, and The 
Honourable Brian V. Tobin to the Board of Directors at the annual meeting. 
Additionally shareholders voted in favour of an advisory resolution on the 
compensation of the company's named executive officers. 
Aecon Group Inc. is a Canadian leader in construction and infrastructure 
development providing integrated turnkey services to private and public sector 
clients. Aecon is pleased to be consistently recognized as one of the Best 
Employers in Canada. 
The information in this press release includes certain forward-looking 
statements. These "forward-looking" statements are based on currently 
available competitive, financial and economic data and operating plans but are 
subject to risks and uncertainties. In addition to events beyond Aecon's 
control, there are factors which could cause actual or future results, 
performance or achievements to differ materially from those expressed or 
inferred herein including, but not limited to: the timing of projects, 
unanticipated costs and expenses, general market and industry conditions and 
operational and reputational risks, including Large Project Risk and 
Contractual Factors. Readers are referred to the specific risk factors 
relating to and affecting Aecon's business and operations as filed by Aecon 
pursuant to applicable securities laws. Forward-looking statements may 
include, without limitation, statements regarding the operations, business, 
performance, prospects, strategies and outlook for Aecon. Forward-looking 
statements, may in some cases be identified by words such as "will," "plans," 
"believes," "expects," "anticipates," "estimates," "projects," "intends," 
"should" or the negative of these terms, or similar expressions. Except as 
required by applicable securities laws, forward-looking statements speak only 
as of the date on which they are made and Aecon undertakes no obligation to 
publicly update or revise any forward-looking statement, whether as a result 
of new information, future events or otherwise. 
Vince Borg, SVP, Corporate Affairs, Aecon Group Inc. 416-297-2615 
|vborg@aecon.com |www.aecon.com 
SOURCE: Aecon Group Inc. 
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CO: Aecon Group Inc.
ST: Ontario
NI: CST 2575 WNEWS EST ERN VNT  
-0- Jun/11/2013 19:31 GMT
 
 
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