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UPDATED ON: Thursday, September 24, 1998

SNC-Lavalin Group Inc.:

Taro Alepian,
Executive Vice-President

From The Globe and Mail

Taro Alepian
Jacques Lamarre, President and Chief Executive Officer of SNC-Lavalin Group Inc., is pleased to announce that Taro Alepian, Executive Vice- President and a member of the Office of the President, will now be responsible for the overall corporate development of the Company.

Mr. Alepian will develop, plan and implement the Company's business strategy and oversee SNC-Lavalin's growth, both domestically and internationally, through acquisitions, new market strategies and the establishment of major corporate alliances.

The appointment of an accomplished executive to this strategic leadership position demonstrates SNC-Lavalin's commitment to growth and increased shareholder value.

During his 25-year career with SNC-Lavalin, Mr. Alepian has led numerous operating divisions of the company. In his new role, he will also be responsible for Human Resources, Legal Affairs, Information Technology, the Risk Evaluation Committee, the Innovation Committee, the Quality Policy and a number of major projects around the world. And, until a new Chief Financial Officer is appointed, he will take on this responsibility on an interim basis, including Investor Relations.

The SNC-Lavalin Group Inc. is a Canadian company listed on the Montreal and Toronto stock exchanges with operations primarily in engineering- construction. With offices across Canada and in 30 other countries, the group and its companies have 6,300 employees currently working in some 85 countries. It is the largest company of its kind in Canada and one of the most important in the world.

 

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