170525-CIMIC-2016-ANNUAL-REPORT - page 3

• Public Private Partnerships or PPPs
(Pacific Partnerships); and
• Engineering (EIC Activities).
We are currently incorporating
diversified services company UGL
into our stable, following a successful
takeover offer in late 2016. UGL’s
areas of expertise will continue to
be the delivery of critical assets and
essential services to our clients.
By focusing the skills, experience
and expertise of our Operating
Companies into activity driven
businesses that work together we
have gained a competitive edge.
Our team
Around the world, we have a first-
rate team of 50,500 people who
are focused on delivering our 434
active projects, to the benefit of our
shareholders and clients.
I am immensely proud of all that our
people have achieved in recent years,
including the many changes involved
in our transformation to an activity-
focused operating model.
With these achievements in place,
and a strong leadership team
established, I was pleased to hand
over my responsibilities as Chief
Executive Officer and Managing
Director to Adolfo Valderas in
October 2016. Adolfo has played
an integral part in CIMIC Group’s
achievements during the past three
years, first as Chief Operating Officer
and then as Deputy Chief Executive
Officer. The Board and I have every
confidence in Adolfo’s ability to lead
CIMIC Group.
I am honoured to continue as
Executive Chairman and I look
forward to continuing to guide CIMIC
Group in this capacity.
building on
a solid foundation
to deliver
strong and
sustainable
shareholder
returns
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