New CEO of AltaLink’s Parent Company Must Clean House
Robert Card formally takes over as CEO at SNC-Lavalin today. The Quebec-based engineering giant, AltaLink’s parent company, has been at the centre of an international corruption probe for the last several months and has seen its share value plummet.
The Globe and Mail reports, “The new head of scandal-plagued engineering and construction giant SNC-Lavalin Group Inc. says his top priority is ensuring the company wins back the full trust of its customers, shareholders and employees. ‘We’ve got to deliver’, chief executive Robert Card said in his first public statements on his first day on the job Monday.”
Bloomberg News reports that SNC-Lavalin’s biggest investor, Stephen Jarislowsky, says, “He (Card) has to clean house…A lot of people who were there who allowed it to happen are still there. I wouldn’t be exactly happy with somebody who signs checks and didn’t have the right explanation of what accounts this was for.”
SNC-Lavalin, AltaLink and EPCOR are building the controversial Heartland Transmission Line in Edmonton, Strathcona County and Sturgeon County. SNC-Lavalin and AltaLink will be building the controversial Western Alberta Transmission Line from Genesee to Langdon.