WSP Announces Management Succession Plan

MONTREAL, QUEBEC--(Marketwired - March 15, 2016) -

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WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") today announced the implementation of its senior management succession plan. Pierre Shoiry, President and Chief Executive Officer, will transition to the role of Vice Chairman of the Board of Directors of WSP. In his new role, Mr. Shoiry will provide ongoing support to the Board and will focus his efforts with the President and CEO and the management team in respect to acquisition activities and other strategic opportunities. Alexandre L'Heureux, currently Chief Financial Officer of the Corporation, will succeed Pierre Shoiry as President and CEO. The transition will be effective once a new external CFO has been recruited. Paul Dollin, who has been Chief Operating Officer for the last 2 years, will continue in the same position.

"I am both humbled and honoured to have the opportunity to lead WSP in the next phase of its evolution. I firmly believe in the strength of our organization and in the future of our industry. We have a clear strategy and a successful business model, and I intend to remain true to our entrepreneurial philosophy. In the immediate future, I will focus on promoting our culture and values and will execute on our 2018 strategy around our people, clients, operational excellence and expertise", commented Alexandre L'Heureux. "Paul's continued role as COO brings a compelling understanding of the Corporation and its business model. We have been working closely for the last few years and I look forward to his active contribution in managing the overall operating plan as well as fostering a culture of organic growth and operational excellence," he added.

"Since our 2006 Initial Public Offering, we have developed and executed a clear corporate strategy. Our succession plan will ensure the continuity and the development of our vision to be the best global engineering consultancy. Our industry is in motion and we anticipate continued global consolidation. I will therefore continue to support Alexandre and the management team in the growth and enhancement of our technical expertise and geographic footprint," said Mr. Shoiry. "In Alexandre, the Board has selected the best individual to lead this organization to new heights. He has the industry experience, market knowledge and leadership style that make him the right President and CEO for WSP. I look forward to working with our Board of Directors, Alexandre and the team as the Corporation continues on its journey."

"On behalf of my fellow directors, I would like to thank Pierre for his service to the Corporation during his 21 years as President and CEO. During his tenure, Pierre has provided exceptional leadership in establishing and implementing a growth strategy, integrating major strategic acquisitions, and building a strong foundation for forthcoming growth and success for the Corporation, its employees and its shareholders. Under his leadership, the Corporation grew from 1,800 employees with $176 million in revenues at the time of the 2006 IPO to a firm with 34,000 employees and $6 billion in net revenues today," said Christopher Cole, WSP's Chairman. "WSP has an exceptional management team to support this transition and the Board is very pleased to appoint Alexandre L'Heureux to take over from Pierre as President and CEO. Pierre and Alexandre have worked in concert over the past six years and Pierre's continuing role will help facilitate a smooth transition for our employees, clients and shareholders," he added.

ABOUT WSP

As one of the world's leading professional services firms, we provide technical expertise and strategic advice to clients in the Property & Buildings, Transportation & Infrastructure, Environment, Industry, Resources (including Mining and Oil & Gas) and Power & Energy sectors. We also offer highly specialized services in project delivery and strategic consulting. Our experts include engineers, advisors, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. With approximately 34,000 talented people in 500 offices across 40 countries, we are uniquely positioned to deliver successful and sustainable projects under our WSP and WSP / Parsons Brinckerhoff brands, wherever our clients need us. www.wsp-pb.com.

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