Jacobs Solutions announced Thursday Bob Pragada, current president and chief operating officer and a 16-year veteran of the company, will succeed Steve Demetriou as chief executive officer and join Jacobs’ board of directors.
The changes are effective Jan. 24, 2023, the date of the company’s annual shareholder meeting.
Demetriou will continue to serve as executive chair for a two-year minimum, advising Pragada on strategic and capital deployment initiatives as a member of Jacobs’ board of directors.
The Dallas-based contractor recently underwent a name change in order to more closely highlight its focus on intelligence, infrastrastructure, cybersecurity and space work. Last year, Jacobs identified global infrastructure modernization, climate response and the digitization of the industry as a three-pronged, multi-decade growth opportunity for the firm.