iNDICA NEWS BUREAU-
Jacobs has announced that its Indian-origin CEO will be appointed the Chair of the Board after the separation of its Critical Mission Solutions and Cyber and Intelligence businesses. Steve Demetriou, who has served as Chair since 2016, will join Amentum as their new Executive Chair following the separation.
Bob Pragada, Jacobs’ CEO, will be the fourth Chair in the company’s history. Pragada joined Jacobs in 2006, becoming CEO and joining the Board in 2023 following several successful senior leadership roles. His appointment as Chair exemplifies Pragada’s commitment to Jacobs’ mission and his vision for the company’s future.
“We are excited to have Bob Pragada step into the role of Chair,” said Steve Demetriou. “His leadership and experience have been instrumental in shaping Jacobs into the great company it is today. I am confident Bob will continue to drive the company forward with the same passion and dedication that has defined his career.” During Demetriou’s tenure as Chair, he led Jacobs through a period of substantial growth and transformation. Under his leadership, the company expanded its global footprint, diversified its portfolio, and solidified its position as a leader in sustainability and technology-driven solutions.
“I am deeply honored and proud to be appointed Chair of Jacobs, a company where I have spent the last 18 years of my career. I’m looking forward to continuing to work with our Board of Directors, our leadership team, and our employees to deliver solutions for some of the world’s toughest challenges. On behalf of the entire Jacobs team, I want to express our deepest gratitude to Steve for his exceptional leadership and unwavering commitment to Jacobs,” said Bob Pragada. “Steve’s vision and guidance have been pivotal in positioning Jacobs as a global leader, and we wish him all the best in his new role at Amentum.”
Jacobs pushes the boundaries of innovation and delivers world-class solutions to its clients. With Bob Pragada at the helm as both CEO and Chair, the company is well-positioned to continue its trajectory of growth and excellence.
Following the successful closure of the CMS transaction, Jacobs’ current Lead Independent Director, Chris Thompson, will move to the Amentum Board, and Louis Pinkham has been elected to serve as Lead Independent Director. Pinkham, currently CEO of Regal Rexnord, joined the Jacobs Board in Sept 2023.
“At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery, and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific, and project delivery for the government and private sector,” the company said in a statement.
