MORRISTOWN, N.J. — Louis Berger today announced that Nicholas Masucci, the company’s current chairman, will transition from full-time employment effective July 1, 2016.
Masucci requested the transition to a part-time schedule and to step down as the chairman of the board for health reasons. He will provide ongoing support for key strategic initiatives in a part-time capacity and will continue as a non-executive member of the board of directors.
“I want to thank Nick personally for his support during my first year as CEO and president,” said Jim Stamatis, Louis Berger president and CEO. “Throughout my career at Louis Berger, Nick has served as both a friend and mentor to me, and I want to publically thank him for his friendship, his 35-plus years of service and helping navigate Louis Berger through some of our most significant challenges.”
Masucci’s legacy at Louis Berger is an important one. He is credited with developing the company’s U.S. practice in the 1980s, and between 2010 and 2015, he led the corporation through an extensive $25 million modernization and reform program. In his last year as CEO, he negotiated the company’s final U.S. government settlement agreement.
The post of chairman will remain vacant until the board elects a new chairman or lead director at one of its upcoming board meetings. Board directors are elected annually by shareholders.
About Louis Berger
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 6,000 engineers, economists, scientists, managers and planners.