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Jacobs Appoints Venk Nathamuni as CFO

Jacobs (NYSE: J) has recently appointed Venk Nathamuni as its new Chief Financial Officer, effective June 3, 2024. Nathamuni brings with him an extensive 30+ year career, including 15 years of experience in executive-level finance and strategic leadership roles. His most recent position was as the CFO at Cirrus Logic, a $6 billion global semiconductor company.

During his tenure at Cirrus Logic, Nathamuni played a pivotal role in driving financial performance and executing strategic initiatives that propelled the company’s profitable growth and value creation for all stakeholders. He has also held impactful leadership positions at J.P. Morgan, Synopsys, Synplicity, and QuickLogic.

Nathamuni holds an MBA in finance and strategy from the Wharton School at the University of Pennsylvania and a master of science in electrical & electronics engineering from the State University of New York at Stony Brook.

Jacobs' CEO, Bob Pragada, expressed his confidence in Nathamuni, emphasizing his track record of strategic vision, strong business leadership, and commitment to fostering a positive culture and driving results. Nathamuni's appointment underscores the company's commitment to excellence and dedication to driving value for its clients, employees, and shareholders.

This appointment comes as Jacobs continues to navigate the rapidly evolving critical infrastructure landscape. The company, 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.

Nathamuni's appointment follows the interim CFO role held by Kevin Berryman, who will provide transitional support to Nathamuni over the coming weeks and continue in his role as a special advisor to the CEO to drive a successful conclusion to the separation of Jacobs' critical mission solutions and cyber & intelligence business.

Nathamuni expressed his excitement to join the talented team at Jacobs and contribute to the company’s continued success, citing the company's formidable nature and strong culture. He looks forward to collaborating with Pragada and the team to drive financial excellence, operational efficiency, and sustainable next-generation growth while contributing to the business transformation.

This appointment signifies Jacobs' strategic move to fortify its financial leadership, potentially impacting its financial operations, enterprise-wide optimization, capital allocation, and investor relations activities. The market has reacted to these announcements by moving the company's shares 0.0% to a price of $137.75. Check out the company's full 8-K submission here.

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