aecom (ACM) Key Developments
AECOM Appoints Josh Sawislak as Global Director of Resilience
Jul 24 15
AECOM announced that it has appointed Josh Sawislak as global director of resilience. Based in Arlington, Va., Sawislak will lead AECOM's global resilience and climate-adaptation strategy. Working directly with AECOM clients and the firm's experts across all sectors and business lines, Sawislak will drive resilient strategies to prepare communities and companies for impacts from extreme weather and other threats. Sawislak reports to Jason Prior, group chief executive of Buildings + Places for AECOM's End Market Group. Sawislak rejoins AECOM from the administration of U.S. President Barack Obama, where he most recently served as the associate director for climate adaptation at the White House Council on Environmental Quality, leading national efforts on climate adaptation and resilience policy as well as working with cities, states, and foreign governments on project development and strategy.
AECOM Appoints Diana C. Mendes as Director of Transit/Rail, Design and Consulting Services, Americas
Jul 22 15
AECOM announced that it has appointed Diana C. Mendes, AICP, as Director of Transit/Rail, Design and Consulting Services, Americas. Mendes is a nationally recognized industry expert with more than 25 years of management experience specializing in the delivery of transit solutions to promote vibrant, livable communities. Mendes has held several leadership positions in client services, business development and operations within AECOM, including serving as the national director of transit planning and transit director for the U.S. West Region, as well as the director of strategic investments for North America transportation. Most recently, Mendes was the Chesapeake District general manager. Prior to joining AECOM, Mendes most recently served as vice president, national director of transit planning, at URS, which combined with AECOM in 2014.
AECOM Enters into Amendment No. 1 to its Credit Agreement
Jul 7 15
On July 1, 2015, AECOM entered into Amendment No. 1 to Credit Agreement that amended the company's credit agreement, dated as of October 17, 2014 . Amendment No. 1 amends the definition of consolidated EBITDA by increasing the permitted addback for acquisition and integration costs and further aligns the terms of the company's Credit Agreement. This Amendment No. 1 to credit agreement, dated as of July 1, 2015, is entered into by and among AECOM on behalf of itself and certain subsidiaries of the company acting as guarantors under the credit agreement, each lender under the credit agreement that is a party hereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. The valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: Unless otherwise defined herein, capitalized terms used herein shall have the meanings, if any, assigned to such terms in the credit agreement, as amended by this amendment. The amount of any restructuring charge or reserve or integration cost, including any one-time costs incurred in connection with the transactions and acquisitions or divestitures after the closing date, in an aggregate amount not to exceed $250,000,000, such amount to increase (with carry forward of all unused amounts) by the amount, beginning on October 1, 2015 and on each October 1st thereafter: for October 1, 2015 increase amount to $75,000,000; for October 1, 2016 increase amount to $50,000,000; for October 1, 2017 increase amount to $25,000,000; and for October 1, 2018 increase amount to $25,000,000.
AECOM Appoints Robert W. Leonetti as Senior Vice President, Alternative Delivery Leader, Design and Consulting Services, Americas
Jun 12 15
AECOM announced that it has appointed Robert W. Leonetti as senior vice president, alternative delivery leader, Design and Consulting Services, Americas. In this role, Leonetti will be responsible for relationship management with teaming partners, staff development and leveraging the full capabilities of AECOM in leading the growth of the business segment. Prior to joining AECOM, Leonetti most recently served as vice president and director, business development and marketing, at Granite Construction Inc., where he was responsible for directing lead generation and marketing efforts for business units and subsidiaries nationwide.
AECOM's Tishman Construction Operation Serves as Construction Manager of Repositioning and Renovation of Citi’s 388-390 Greenwich Street Re-Development
Jun 9 15
AECOM announced that its Tishman Construction operation is serving as construction manager of the repositioning and renovation of Citi’s 388-390 Greenwich Street Re-Development. The project will consolidate a substantial portion of Citi’s New York metropolitan-area population into a newly updated global headquarters at the company’s existing two-building complex in the Tribeca neighborhood of Lower Manhattan. Improvements at the 4-acre site may include exterior enhancements, additions to the plaza space, upgrades and end-of-life infrastructure replacements, as well as re-stacking and renovations of 2.34 million gross square feet of interior space, including a tier IV data center. Additionally, the project team is pursuing LEED Platinum certification. To be conducted in three phases, the buildings on site will remain occupied throughout construction, allowing the client to successfully continue its operations uninterrupted. Currently, extensive preconstruction and planning are underway, with four to five years of construction expected to start this year.