MOVES: Canada chem engineer SNC-Lavalin hires new CFO

03 April 2013 17:30  [Source: ICIS news]

TORONTO (ICIS)--SNC-Lavalin has appointed Alain-Pierre Raynaud as its new chief financial officer (CFO), effective from 1 June, the Montreal-based international energy, chemicals and infrastructure engineering major said on Wednesday.

Raynaud was CFO of France's nuclear power firm Areva from 2006 to 2011, when he was appointed CEO of Areva in the UK.

He began his career as a financial analyst with French car maker Renault in 1987. In 2003, he moved to Japan to lead financial operations at Nissan.

At SNC, Raynaud succeeds Gilles Laramee. Laramee will continue as SNC executive vice president of infrastructure.

"[Raynaud’s] extensive global expertise in finance across a range of industrial and resource sectors, and with companies that have similar project scope, makes him an ideal candidate for us," said SNC CEO Robert Card.

Card, a former executive at US engineering firm CH2M Hill and former under-secretary at the US Department of Energy, took over as SNC's CEO last October after the company's former CEO stepped down amid allegations of accounting irregularities and corruption.

SNC is described as one of the world’s top energy, infrastructure and chemical engineering and construction groups. It has offices in more than 40 countries around the world and is currently working in some 100 countries.

By: Stefan Baumgarten
+1 713 525 2653

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