Black & Veatch Launches New Service to Support Corporate Transformation Initiatives for Utilities

Black & Veatch - 06.25.2009

Black & Veatch today announced a new, proprietary service offering that will help energy and water utilities quickly align their organizations with the rapidly changing business climate.

Black & Veatch’s Accelerated Corporate Transformation (ACT) was developed by former Harvard Professor Dr. Robert H. Miles, Senior Advisor to Black & Veatch, who will lead the ACT methodology process for clients. ACT has been tailored to specifically support utilities by Enterprise Management Solutions (EMS), the management consulting division of Black & Veatch.

“We foresee a fundamental utility industry transformation on the horizon,” stated Rodger Smith, President of EMS. “Major factors include significant new laws and regulations, a restructured financial environment, greater constraints on rate increases during the global economic recovery, as well as rapid advances in technology. These forces may introduce more change than many organizations currently have the capacity to absorb.”

ACT has been used in a variety of regulated and competitive industries where it has delivered significant improvements. ACT initially identifies the primary goals that support the utility’s business success and pinpoints specific activities supporting those goals. The methodology’s strength comes from processes that rapidly disseminate goals and actions through the entire organization.

“The Accelerated Corporate Transformation methodology provides the catalyst for rapid organizational alignment,” said Bill Kemp, Solution Set Lead for Black & Veatch’s Business Strategy and Planning practice. “ACT can help a new CEO take charge of a company, quickly realign entities following a merger or acquisition, and focus the enterprise on successfully delivering a major project or initiative.”

ACT leader Robert H. Miles, Ph.D. is a thought and practice leader in corporate transformation and executive leadership. Miles was a faculty member at the Yale School of Management and later at Harvard Business School where he chaired an innovative program for CEOs, division presidents and their teams that generated the initial insights for the ACT methodology.

About Black & Veatch

Black & Veatch is a leading global engineering, consulting and construction company specializing in infrastructure development in energy, water, telecommunications, management consulting, federal and environmental markets. Founded in 1915, Black & Veatch develops tailored infrastructure solutions that meet clients’ needs and provide sustainable benefits. Solutions are provided from the broad line of service expertise available within Black & Veatch, including conceptual and preliminary engineering services, engineering design, procurement, construction, financial management, asset management, program management, construction management, environmental, security design and consulting, management consulting and infrastructure planning. With $3.2 billion in revenue, the employee-owned company has more than 100 offices worldwide and has completed projects in more than 100 countries on six continents. The company’s Web site address is www.bv.com.

Enterprise Management Solutions (EMS) is the management consulting division of Black & Veatch. EMS provides tailored strategic, process and technology solutions to deliver improved operations, cost savings, new revenue streams and greater customer loyalty. For more information on EMS, go to www.bv.com/consult.

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