Venk Nathamuni Appointed Chief Financial Officer,
Effective June 3, 2024
DALLAS, May 16, 2024
/PRNewswire/ -- Jacobs (NYSE:J) today announced the
appointment of Venk Nathamuni as the company's new Chief Financial
Officer (CFO), effective June 3,
2024.
During a 30+ year career, which includes 15 years' experience in
executive-level finance and strategic leadership roles, Venk
Nathamuni brings a wealth of knowledge and expertise to his new
role at Jacobs. He will be responsible for overseeing Jacobs'
financial operations, enterprise-wide optimization, capital
allocation and investor relations activities, and will play a
significant leadership role in guiding the company's financial and
business strategy to support its long-term growth objectives and
enhancing shareholder value.
Prior to joining Jacobs, he served as the CFO at Cirrus Logic
(NASD:CRUS), a $6 billion global
semiconductor company renowned for its cutting-edge technology
solutions. During his tenure at Cirrus Logic, Nathamuni played a
pivotal role in driving financial performance and executing
strategic initiatives that propelled the company's profitable
growth and value creation for all stakeholders. He has also held a
variety of impactful leadership positions at J.P. Morgan, Synopsys,
Synplicity and QuickLogic.
"Venk's experience is a powerful combination of deep technical
knowledge and financial acumen, encompassing corporate finance,
strategy, capital allocation and M&A," said Jacobs CEO
Bob Pragada. "Venk's proven track
record of strategic vision, strong business leadership, and
commitment to fostering a positive culture and driving results will
be invaluable as we continue to innovate and drive growth in the
rapidly evolving critical infrastructure landscape. His appointment
underscores our commitment to excellence and our dedication to
driving value for our clients, employees and shareholders."
Pragada continued, "I also want to take this opportunity to
thank Kevin Berryman for acting as
interim CFO. He will provide transitional support to Venk over the
coming weeks and continue in his role as Special Advisor to the CEO
to drive a successful conclusion to the separation of our Critical
Mission Solutions and Cyber & Intelligence business."
"I am excited to join the talented team at Jacobs and contribute
to the company's continued success," said Nathamuni. "Jacobs is a
formidable company and has a strong culture. I look forward to
collaborating with Bob and the team to continue to drive financial
excellence, operational efficiency, and a sustainable next
generation of growth while contributing to the business
transformation."
Venk Nathamuni holds an MBA in Finance and Strategy from The
Wharton School at University of
Pennsylvania and a Master of Science in Electrical &
Electronics Engineering from the State
University of New York at Stony
Brook and a Bachelor of Science degree in Electronics and
Communications Engineering from Madurai Kamaraj University,
India.
About Venk Nathamuni
Venk Nathamuni joined Cirrus Logic in 2022 as Chief Financial
Officer. Prior to joining Cirrus Logic, Nathamuni served as Head of
Corporate Finance, M&A, investor relations and IT for Arista
Networks. He also served for nine years with Maxim Integrated
Products, Inc. where he was Vice President of M&A and corporate
development and head of investor relations. He also held a variety
of positions at J.P. Morgan, Synopsys, Synplicity and
QuickLogic.
Detailed leadership infographic on Venk Nathamuni available
here.
At Jacobs, we're challenging today to reinvent tomorrow by
solving the world's most critical problems for thriving cities,
resilient environments, mission-critical outcomes, operational
advancement, scientific discovery and cutting-edge manufacturing,
turning abstract ideas into realities that transform the world for
good. With approximately $16 billion
in annual revenue and a talent force of more than 60,000, Jacobs
provides a full spectrum of professional services including
consulting, technical, scientific and project delivery for the
government and private sector. Visit jacobs.com and
connect with Jacobs on Facebook, Instagram, LinkedIn and
X.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that do not directly relate to any
historical or current fact. When used herein, words such as
"expects," "anticipates," "believes," "seeks," "estimates,"
"plans," "intends," "future," "will," "would," "could," "can,"
"may," and similar words are intended to identify forward-looking
statements. We base these forward-looking statements on
management's current estimates and expectations, as well as
currently available competitive, financial and economic data.
Forward-looking statements, however, are inherently uncertain.
There are a variety of factors that could cause business results to
differ materially from our forward-looking statements including,
but not limited to, our plans to spin off and merge with Amentum
our Critical Missions Solutions business and a portion of our
Divergent Solutions business in a proposed transaction that is
intended to be tax-free to stockholders for U.S. federal income tax
purposes, the timing of the award of projects and funding and
potential changes to the amounts provided for under the
Infrastructure Investment and Jobs Act and other legislation
related to governmental spending, as well as general economic
conditions, including inflation and the actions taken by monetary
authorities in response to inflation, changes in interest rates and
foreign currency exchange rates, changes in capital markets, the
possibility of a recession or economic downturn, geopolitical
events and conflicts, and the impact of any future pandemic or
infectious disease outbreak, including the related reaction of
governments on global and regional market conditions, among others.
For a description of some additional factors that may occur that
could cause actual results to differ from our forward-looking
statements, see the discussions contained under Item 1 - Business;
Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations in our most recently filed Annual Report on
Form 10-K, and Item 2 - Management's Discussion and Analysis of
Financial Condition and Results of Operations; Item 1 - Legal
Proceedings; and Item 1A - Risk Factors in our most recently filed
Quarterly Report on Form 10-Q, as well as the company's other
filings with the Securities and Exchange Commission. The company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For additional information contact:
Media
Louise White, Senior Vice President
– Marketing, Communications & Brand
louise.white@jacobs.com
469-724-0810
Investor Relations
Ayan Banerjee, Senior Vice President
– Finance, Treasury, Investor Relations & Corporate
Development
JacobsIR@jacobs.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/jacobs-announces-new-chief-financial-officer-302148309.html
SOURCE Jacobs