"The board has been working toward our succession plan and is committed to ensuring a smooth transition," said Brian Tobin, vice-chair and lead director. "We would like to extend our deep appreciation to John Beck and his leadership in bringing Aecon to its position today as Canada’s premier construction and infrastructure development company. Teri McKibbon has proven himself as a strategic, disciplined and focused executive as well as being a collaborative leader."

Beck added: "I have every confidence that Teri will lead Aecon with distinction and a relentless focus on execution. He has been at the forefront of our paramount objective of improving margins and consistent financial performance, and of Aecon becoming the Canadian-based partner-of-choice for large-scale construction projects."

In addition to his role as COO since March 2011, McKibbon, took on the role of president in June 2013. He has been a member of the executive committee of Aecon Group since 2006. McKibbon joined Aecon in 1996, and previously led Aecon’s Infrastructure business.