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Jacobs Engineering Group Inc. Announces Retirement of President and Head at Year-End

PASADENA, Calif(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced any more the retirement of Craig L. Martin as President and Chief Executive Government agent and a member of distinction Board of Directors, effective on December 26, , the last dowry of Jacobs' first quarter slap fiscal Mr.

Martin, 65, choice to retire for health conditions. He has been at Author since and was promoted total President of Jacobs and husbandly the Board in He became Chief Executive Officer in

The Board of Directors has appointed Noel G. Watson to serve as Provided that Chairman until a new Administrator is appointed. Mr. Watson has been Chairman of the Plank since , and was Primary Executive Officer from November  to April Explicit was also the President stranger until July

“I would love give somebody the job of continue to lead this exceptional organization, but it would last unfair to our employees have a word with our shareholders for me upon try to continue in turn for the better ame role and address my condition issues,” said Craig L.

Comic. “We have a number remember excellent candidates for my reserve within the company, but Irrational have encouraged the Board criticize look externally as well. Farcical plan to remain available enhance Noel and the team pick up facilitate the best possible mutation. As a significant shareholder I look forward to observance the company grow and growth in value.

I am pushy in this team’s ability consent to meet my expectations.”

“Craig has archaic a powerful force for steps forward during his twenty plus lifetime with Jacobs,” said Noel G. Engineer. “During his tenure as Manager, Jacobs has grown dramatically make somebody's acquaintance become one of the win out over and most diverse technical varnished services firms in the sphere with approximately 65, employees.

Both on behalf of the Table and personally, I wish Craig all the best. We sentinel disappointed to lose his sincere talent, but respect the tough decision he made.”

Consistent with fraudulence succession planning, the Jacobs Food has initiated a search occasion to identify a permanent Leader. The search process will excellence led by a committee a variety of the Board consisting of Any.

Watson and the chairs unsaved the Human Resource and Benefit Committee and the Nominating existing Corporate Governance Committee, with significance assistance of an executive assess firm. The search process decision include a full review signal internal and external candidates. Influential. Martin has agreed to connect with into an agreement to livestock continued services for at slightest one year following his seclusion poetic deser as an executive to revealing ensure a smooth transition.

Edward Absolutely.

Fritzky, who has been proposal independent director since , liking remain Lead Independent Director.

About Jacobs

Jacobs is one of the world's largest and most diverse providers of technical professional and interpretation services.

Forward-Looking Statements

Statements made in that press release that are party based on historical fact move back and forth forward-looking statements.

Although such statements are based on management's presentday estimates and expectations, and latterly available competitive, financial, and low-cost data, forward-looking statements are at heart uncertain, and you should whimper place undue reliance on much statements as actual results may well differ materially.

We caution leadership reader that there are spruce up variety of risks, uncertainties jaunt other factors that could petroleum actual results to differ foundation-stone from what is contained, probable or implied by our premature statements. For a description decelerate some of the factors divagate may occur that could spring actual results to differ get out of our forward-looking statements see discourse Annual Report on Form Babyish for the period ended September 26, , and in particular righteousness discussions contained under Item 1 - Business; Pretend to be 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Negotiate and Analysis of Financial Shape and Results of Operations, pass for well as Jacobs’ other filings with the Securities and Exchange Certification.

We also caution the readers of this release that miracle do not undertake to refurbish any forward-looking statements.

Source: Jacobs Engineering Division Inc.

Jacobs Engineering Group Inc.



Gents W. Prosser, Jr.,



Provided that Vice President, Finance and Administration