Jacobs (J) Announces CFO Transition

Jacobs (NYSE: J) today announced that Claudia Jaramillo, currently Jacobs Executive Vice President, Strategy and Corporate Development, will succeed Kevin Berryman as Executive Vice President and Chief Financial Officer, effective August 14, 2023. At that time, Berryman will serve as Special Advisor to Jacobs Chief Executive Officer, Bob Pragada.

Ms. Jaramillo has a proven track record of driving continuous operational improvement and disciplined capital allocation through complex business cycles. She joined Jacobs in July 2022 in her current role following more than 20 years with Schlumberger, the world's largest energy services company. During her tenure, Ms. Jaramillo successfully led multiple global operational finance roles, including most recently leading strategic capital deployment as head of treasury.

Jacobs CEO Bob Pragada said, "Claudia's record of leadership and operational execution ideally positions her to serve as Jacobs' next CFO and further advance our 'Boldly Moving Forward' strategy. Since joining Jacobs last year, Claudia's strategic thinking and financial acumen have already made a considerable impact. She has a deep understanding of the compelling growth opportunity across our strategic accelerators of climate response, data solutions and high value consulting and advisory, and her diverse background driving innovative solutions for multi-national companies across industrial sectors aligns with our own ambitious growth objectives. Her experience in driving cultural transformation will further enhance our continued commitment to create a diverse and inclusive company like no other that attracts and retains best in class talent."

Pragada continued, "As a key member of our executive leadership team since 2014, Kevin has been instrumental in transforming Jacobs to a higher growth, higher value technology enabled solutions provider. During his tenure, Kevin has been a proactive partner in forming and implementing our strategies and has driven strong financial performance focused on disciplined cost control, robust cash flow generation and effective capital deployment, in addition to committed leadership to our cultural transformation."

Berryman said, "Claudia is absolutely the right person to continue Jacobs' focus on delivering value to all key stakeholders and is steadfastly committed to compounding returns for our shareholders. The last eight years as Jacobs' CFO have been inspiring. I am proud of our accomplishments in propelling Jacobs' transformational journey and redefining our business portfolio and capital deployment strategy. Our success has resulted in significant, sustainable value creation for our shareholders and has established Jacobs as one of the world's most admired companies. I'm looking forward to continuing to work with Bob as Special Advisor beginning in August."

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