News Neom announces sudden departure of chief executive The chief executive of Neom, Saudi Arabia’s $1.5trn bid to diversify its economy with tourism, city, and business “giga projects”, has left the role. Neom’s board of directors announced Nadhmi…
Companies Northvolt to make cuts and layoffs but ‘remains committed’ to gigafactory projects Swedish battery-maker Northvolt has announced the results of a strategic review into its business. The initial outcome is a decision to “streamline” its operations by resolving production problems at its…
Companies All in the family: Flatiron and Dragados to merge Flatiron and Dragados in North America are merging to create what their owners say will be “the second largest civil engineering and construction company in the United States”. The new…
Companies Fluor appoints new heads of operations and legal Texas-headquartered global engineer Fluor has announced two boardroom changes, with Jim Breuer appointed in the newly created Chief Operating Officer (COO) role and Kevin Hammonds taking over as Chief Legal…
Companies Simon Tolson to step down as senior partner at Fenwick Elliott International construction law firm Fenwick Elliott says its senior partner Simon Tolson will step down on 1 April 2025, and will be replaced by Karen Gidwani. Tolson will stay on…