US engineering giant Bechtel has appointed Brendan Bechtel as its new chief executive.
The 35 year old’s appointment marks the fifth generation of family leadership at the company.
He will succeed current chief executive Bill Dudley, who will become vice-chairman of the Bechtel Group, from September. Dudley is the only chief executive ever appointed who is not a member of the Bechtel family.
In addition, Jack Futcher, president of the company’s oil, gas and chemicals business, will become president chief operating officer.
Chairman of the board Riley Bechtel said: “This is a natural evolution in our company and the result of diligent succession planning and execution.”
He added: “Today, I am both a proud father and confident chairman with Brendan coming in as CEO. He is highly qualified to become, and will be superb as, the next CEO.”
Brendan Bechtel was appointed president and chief operating officer and elected to the board in 2014.
He said: “I am especially honoured and humbled by this election just a few weeks after we celebrated my grandfather’s 75 years of continuous service to Bechtel. Representing the fifth generation of family leadership at this remarkable company is a unique responsibility.”