Vito Culmone to join Stantec as Chief Financial Officer

Stantec

EDMONTON, Alberta and NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) — TSX, NYSE:STN

Stantec, a global leader in sustainable design and engineering, today announced that Vito Culmone will join the company in mid-July 2024 as its next Executive Vice President and Chief Financial Officer. He will officially assume the role of CFO on September 3, 2024. Mr. Culmone will succeed Theresa Jang, who previously announced her plan to retire. This announcement follows an extensive search and evaluation of highly qualified internal and external candidates supported by a global executive search firm.

“We are excited to welcome Vito to the Stantec team. He is a talented financial leader with a strong track record of creating value across multiple industries,” said Gord Johnston, Chairman and Chief Executive Officer. “I am confident that Vito will be instrumental in sustaining our strong financial position, driving the successful execution of our Strategic Plan and further elevating our world-class finance team. His expertise and leadership are essential assets that will contribute significantly to our continued growth and success.”

Mr. Culmone brings over 35 years of relevant experience as a CFO and executive financial leadership in a variety of industry contexts, including airlines, telecommunications, fleet management and, most recently, space technology. He also brings a focus and expertise in developing strong corporate cultures. Mr. Culmone began his career at Price Waterhouse, where he earned his Chartered Accountant designation, and was recognized as a Fellow of the Chartered Professional Accountants of Ontario. He graduated from the University of Toronto with a Bachelor of Commerce degree.

“Stantec is recognized around the world as a leader in engineering, architecture and professional services,” said Mr. Culmone. “I am honored and excited to join such a historic company. Stantec’s legacy and potential are unmatched, and I look forward to collaborating with the team to drive our growth during this dynamic period. It will be a privilege to contribute to our collective achievements for the benefit of our employees, customers and shareholders.”

“I want to extend my sincere gratitude to Theresa Jang for her exceptional leadership and the many contributions she has made during her tenure. I truly appreciate her partnership and dedication to Stantec,” said Gord Johnston, president and CEO. “I am also grateful that Theresa has committed to supporting Vito as he transitions into the CFO role.”

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About Stantec

Stantec empowers customers, people and communities to tackle the world’s greatest challenges at a time when the world faces unprecedented concerns like never before.

We are a global leader in sustainable architecture, engineering and environmental consulting.
Our professionals provide the expertise, technology and innovation communities need to manage aging infrastructure, demographic and population shifts, the energy transition and more.

Today’s communities transcend geographic boundaries. At Stantec, community means everyone with a stake in the work we do—from our project teams and industry colleagues to our clients and the people our work impacts. The diverse perspectives of our partners and stakeholders push us to think beyond what has been done before on critical issues like climate change, digital transformation, and future-proofing our cities and infrastructure.

We are designers, engineers, scientists, project managers, and strategic consultants. We innovate at the intersection of community, creativity, and client relationships to advance communities everywhere, so that together we can redefine what’s possible.

Stantec trades on the TSX and NYSE under the symbol STN. Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding the executive succession plan described above. By their nature, forward-looking statements are based on assumptions and are subject to risks and uncertainties. There is a risk that the executive appointment described above may be accelerated, delayed, suspended or terminated. This could cause future results to differ materially from the forward-looking statements made in this press release. Except as required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided here for the purpose of providing information about the succession plan referenced above and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.

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