Friday was Stephen Kadenacy’s last day as president and chief operating officer of global engineering firm AECOM, one of the major contractors at Department of Energy nuclear sites around the country.
Kadenacy has been with AECOM for nearly a decade, starting as senior vice president for finance in 2008 and rising to president and COO in September 2015, according to his LinkedIn profile. He will receive a lump-sum severance payment of more than $2.6 million, along with 154,450 shares of AECOM common stock worth just shy of $5 million as of June 22, according to an 8-K form filed last week with the U.S. Securities and Exchange Commission.
The SEC document did not cite the reason for Kadenacy’s exit. In a June 28 press release, the company said only that “Mr. Kadenacy’s departure is not related to any adverse change in the Company’s business.”
Engineering and construction industry veteran Randall Wotring officially replaced Kadenacy as chief operating officer on Saturday, according to the AECOM press release. Wotring came to the company via its 2014 acquisition of URS Corp., where he was president of Federal Services.
Wotring most recently was AECOM’s group president for Technical and Operational Services, where he expanded the company’s business with the Departments of Energy, Defense, and Homeland Security, the release says. He also oversees the advancement of its nuclear decommissioning services, the company added.
AECOM plays a lead role in operations and remediation of DOE sites around the country, including the Hanford Site in Washington state; the Los Alamos National Laboratory and Waste Isolation Pilot Plant in in New Mexico; and the Savannah River Site in South Carolina.
In its most recently reported quarter, AECOM earned about $4.4 billion in revenue, with net income landing at $102 million.
