MORRISTOWN, N.J., Jan. 26, 2015 (GLOBE NEWSWIRE) -- Louis Berger, a global professional services corporation, announced today that the company's board of directors has approved a leadership succession plan that will allow for the transition of the chief executive officer position at the end of the company's fiscal year.
Effective July 1, 2015, Louis Berger president and CEO Nicholas J. Masucci, will be elevated to the role of Louis Berger chairman while transitioning the responsibility of CEO to D. James Stamatis, the company's current International operating company president.
"This is the right time for me to pass the torch to Jim as he and the next generation of leaders shape a new era for our company," said Masucci, 63, who has led the corporation through an extensive $25 million reform effort since 2010. "Jim has made spectacular contributions to Louis Berger's modernization and transformation. I am confident that Louis Berger will only continue to grow with him at the helm."
Stamatis, 56, assumes the role after serving as president for Louis Berger's international operating company since 2012. In that role, he provided strategic and operational oversight between regional divisions and oversaw the implementation of modernization programs across the operation including a new global mobility program, new financial and client relationship management systems, and compliance and ethics programs and training. Previously, he led the U.S. operations segment. Stamatis joined the firm more than 25 years ago and has held a number of management roles overseeing complex infrastructure, facilities and environmental projects. Stamatis attended Pennsylvania State University and completed his undergraduate studies at NJIT. He is a licensed professional engineer.
"An inspirational and transformational leader, Nick has carried us through a pivotal time in our history to modernize the corporation and close the chapter on our pre-2010 era," said Stamatis. "I am honored to be selected as his successor, and am humbled by the responsibility to build on our promise to our clients, employees and communities to provide solutions for a better world."
Thomas Topolski, executive vice president and managing director for the Middle East and North Africa since 2012, has been tapped to assume the International president role based in Paris, France.
"Tom has led the growth and modernization of one of the company's largest International operations during the past three years and has shown the leadership, client focus and corporate responsibility demanded of a global leader," said Stamatis.
Louis Berger is a $1 billion global professional services corporation that helps infrastructure and development clients solve their most complex challenges. We are a trusted partner to national, state and local government agencies; multilateral institutions; and commercial industry clients worldwide. By focusing on client needs to deliver quality, safe, financially-successful projects with integrity, we are committed to deliver on our promise to provide Solutions for a better world. Louis Berger operates on every habitable continent. We have a long-standing presence in more than 50 nations, represented by the multidisciplinary expertise of nearly 6,000 engineers, economists, scientists, managers and planners. For more information, visit louisberger.com.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=30302
CONTACT: Regine de la Cruz email@example.com +1.202.303.2791Source:Louis Berger