Jacobs Solutions Appoints Kevin Berryman as Interim CFO

Jacobs Solutions Inc. (NYSE: J) has announced the appointment of Kevin Berryman as its interim Chief Financial Officer, effective March 29, 2024. Berryman, who had previously served as the company's President and CFO, has been a valuable member of Jacobs' executive leadership team for over nine years. He succeeds Claudia Jaramillo, who is departing the company to pursue other opportunities.

During his tenure as CFO, Berryman oversaw all aspects of corporate finance, including accounting, strategy, capital allocation, mergers and acquisitions, global business services, tax, information technology, real estate functions, and investor relations. He also had responsibilities for internal audit and enterprise business services.

The company has initiated a search for a permanent CFO with the assistance of an executive search firm.

Jacobs also reaffirmed its previously announced expectations for adjusted EBITDA and adjusted EPS for fiscal year 2024. These estimates exclude restructuring, transaction, and other charges and assume contribution from the separated businesses for the full fiscal year.

As of now, the company is scheduled to provide additional commentary on the fiscal year 2024 update, along with fiscal second-quarter results, during its upcoming earnings call on May 7, 2024.

Kevin Berryman joined Jacobs as Executive Vice President and CFO in 2014 and was appointed President and CFO in November 2019, serving in that role until August 2023, when he was named Special Advisor to the CEO. Prior to his time at Jacobs, Berryman spent nearly six years as CFO of International Flavors and Fragrances Inc., an S&P 500 company, and also held various financial and operational roles at Nestlé for 25 years.

Jacobs, with approximately $16 billion in annual revenue and a talent force of more than 60,000, provides a full spectrum of professional services, including consulting, technical, scientific, and project delivery for the government and private sector. Today the company's shares have moved -0.7% to a price of $152.69. If you want to know more, read the company's complete 8-K report here.

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