ACCL Membership Directory

George J. Pierson

  • President
  • The Pierson Advisory Group LLC
  • 206 Lurgan Road
  • New Hope, Pennsylvania 18938

Education

  • Undergraduate: BSCE Bucknell University 1984
  • Graduate: MSCE University of California, Berkeley 1985
  • Law School: JD Harvard Law School 1990

Biography

President

THE PIERSON ADVISORY GROUP LLC (1/2015-present)

The Pierson Advisory Group was founded by George J. Pierson to advise and assist Corporate Boards and senior executives in overcoming intractable issues.

Many organizations face one or more intractable issues that impede their strategic development. Often these issues are complex and multidimensional requiring the application of diverse skills. This is where The Pierson Advisory group adds value, turning intractable issues into strategic success.

 

THE KLEINFELDER GROUP (9/2016-present)

Executive Chairman (9/2019-present)

Chief Executive Officer (6/2016-9/2019)

Kleinfelder is a multinational firm providing engineering, environmental and construction services to clients in the energy, facilities, government, transportation, and water markets. Founded in 1961, Kleinfelder has 1,800 employees in the U.S., Canada, and Australia.

Upon assuming the CEO role, I quickly established a new senior leadership team consisting of new and existing talent. Together, we strategized to refresh company priorities and reorganized the company. Key achievements include:
▪️ Reorganization to create significant efficiencies
▪️ Transformed company from an activity based to a performance based culture
▪️ Developed performance-based principles centered around ARA—the alignment of Authority, Responsibility, and Accountability
▪️ Significantly reduced debt, leading the company back from workout status with lenders
▪️ Dramatically increased the stock price—from $21.71 per share to $98 per share in 27 months
▪️ Positioned firm for a majority investment by private equity firm, approved by 99% of employee shareholders
▪️ Developed structure to retain 20% employee ownership

 

Non Executive Director

PETROFAC PLC (5/2016-present)

Traded on the FTSE, Petrofac is a leading international service provider to the oil and gas production and processing industry, helping clients unlock the full value of their energy assets. Serving as Chair of the Petrofac Board of Directors’ Compliance and Ethics Committee, as well as member of the Audit and Nominations Committee.

 

Non executive Director

SEVERAL GLOBAL INFRASTRUCTURE FIRMS

▪️ WSP (November 2014–August 2016): WSP is a global provider of engineering services with 50,000 employees traded on the Toronto Stock Exchange. Prior to becoming a non-executive director, I served in progressively responsible roles up to CEO at Parsons Brinckerhoff, which was acquired by WSP in 2014.
▪️ Terracon (January 2016–August 2016): U.S.-based Terracon currently has 4,500 employees in more than 150 offices providing consulting engineering services throughout the U.S. and via partnerships with companies abroad. The 100% employee-owned company has been in business since 1965.
▪️ RailWorks Corporation (January 2016–August 2016): Founded in 1998, RailWorks Corporation is Private Equity owned leading provider of track, transit, and rail system services in the U.S. and Canada. The firm comprises PNR RailWorks, L.K. Comstock, and NARSTCO, serving industrial clients and commuter light rail systems.

 

PARSONS BRINCKERHOFF GROUP, INC.  (2/2006-12/2014)

President and Chief Executive Officer (1/2010-12/2014) – Led this global engineering and program management firm with 14,000 employees in 150 worldwide offices with annual revenues of approximately $2.7 billion.

▪️ Added nearly $1.4 billion of shareholder value
▪️ Led sale of Parsons Brinckerhoff from Balfour Beatty to WSP at nearly three times the original purchase price
▪️ Retained all non-executive staff of PB following sale from Balfour Beatty to WSP
▪️ Transformed employee-owned organization into publicly-traded company upon its acquisition by Balfour Beatty
▪️ Infused greater commercial acumen, resulting in 50% increase in profitability and 34% increase in margins
▪️ Developed a superior senior leadership team that achieved greater cost efficiencies and more robust risk management

President and Chief Operating Officer, Americas (1/2008-12/2009) – Responsible for oversight of 5,000 employees active on hundreds of transportation, power, and other infrastructure projects in North and South America. Took over an organization rocked by the Central Artery/Tunnel (“Big Dig”) crisis and in disarray due to a failed reorganization.

▪️ Refocused organization on core strengths of technical excellence and client service
▪️ Created greater focus on risk management
▪️ As member of firm’s Board of Directors, and with the Board, determined that strategic sale of the company was in best interest of employee shareholders

Senior Vice President, Secretary and General Counsel (2/2006-12/2007)  – Immediate focus was on the resolution of the firm’s role in the Central Artery/Tunnel project (the “Big Dig”). In the summer of 2006, a ceiling panel in one of the tunnels of the Big Dig collapsed, injuring a motor vehicle driver and killing his passenger. That tragic event launched Parsons Brinckerhoff and its employee shareholders into a crisis of survival.

▪️ Led team of inside and outside experts in crisis response
▪️Negotiated a global resolution of all issues with the City of Boston, the Commonwealth of Massachusetts, and the Federal Government, thus staving off bankruptcy for Parsons Brinckerhoff.
▪️ Led defense of $100 million of claims related to the St Louis Metro system resulting in a complete defense verdict after a 100-day jury trial
▪️ Led all legal, risk and insurance functions of the firm

 

Partner and Director of International Practice Group

PECKAR & ABRAMSON P.C. (1/2003-1/2006)

Partner and Director of International Construction Practice Group – I established and led the International Practice Group of Peckar & Abramson, one of the most prominent construction law firms in the United States. I represented clients in engineering and construction related contracts, as well as provided full-service claims and litigation representation to such diverse clients as the Government of Turkey and US Airways.

 

KVAERNER PLC (formerly Davy plc) (8/1992-12/2002)

Executive Vice President/Legal Director (4/1998-2/2002) – I led the legal and risk department for a 9,000-person global engineering, construction, and technology firm.

Counsel and Director of Strategic Development (8/1992-4/1998) – I began my tenure with Kvaerner as counsel providing all legal services to the non-ferrous mining division before assuming the role of Director of Strategic Development.

 

FARELLA BRAUN & MARTEL (7/1990-8/1992)

Litigation Associate – state and federal litigation practice concentrating on construction disputes.

 

CAMP, DESSSER & McKEE (6/1985-8/1987)

Environmental Engineer – project and construction engineer on various water resources projects.

 

Honors & Awards

OPAL Award – ASCE 2016 Outstanding Projects and Leaders (OPAL) Leadership Award – Management

The OPAL awards recognize and honor outstanding civil engineering leaders whose lifetime accomplishments and achievements have made significant differences in one of five categories: construction, design, education, government, and management. I was honored to receive this award for management and aim to live up to its standards every day.

https://news.asce.org/2016-opal-winner-for-management-delights-in-solving-problems/ and view video: https://www.youtube.com/watch?v=duQ45zbQmt4

 

ENR 2014 Top 25 Newsmaker

The construction industry is full of excellent leadership, but the public rarely sees it in action—even if it ultimately benefits from better roads, buildings and other facilities. ENR’s annual Top 25 Newsmakers program recognizes outstanding achievements. For a half-century now, ENR has named the top industry professionals who have made a difference for their industry and the public during the preceding year. There are no nomination forms or application fees. The editors review the news and select leaders who stand out.

http://enr.construction.com/people/awards/2015/0126-Investing-Big-So-Industry-Looks-More-Like-America.asp

 

EFCG 2014 CEO of the Year

The award is given annually to the leader of an engineering/consulting firm that, in EFCG’s judgment, deserves recognition for effectiveness over a number of years in preservation and creation of value for his or her firm.

 

Chi Epsilon 2013 Civil Engineering Alumni of the Year

Chi Epsilon – Civil Engineering Honor Society – Bucknell University Chapter

 

ASCE 2012 Parcell Sverdrup Award for Engineering Management

The John L. Parcel-Leif J. Sverdrup Civil Engineering Management Award recognizes an ASCE member’s contributions to the field of civil engineering management.

 

New York Building Congress 2012 Guest of Honor

The New York Building Congress, a broad based membership association celebrating its 93rd year, is committed to promoting the growth and success of the construction industry in New York City and its environs.

 

Student Athlete Alumni Achievement Award 2012

This award is given annually to an alumni student athlete as recognition of success in their chosen profession.

 

Good Scout Award 2012

The Good Scout Award recognizes business leaders who demonstrate outstanding community service. Given by the Boy Scouts of New York

 

Distinguished Engineering Alumni 2010

This award is given annually to recognize members of the Bucknell University College of Engineering’s alumni community who have distinguished themselves through extraordinary commitment to the College and the University, exemplary professional achievement, or noteworthy contributions to society. I was recognized for my leadership in establishing the school’s Engineering Success Alliance, which assists promising students from under-resourced high schools with mentoring and tutoring to tackle the demands of an engineering education.

Professional Activities

I am a seasoned executive and turnaround specialist providing CEOs and boards with strategic consulting to take your company to the next level and beyond.

As CEO of Parsons Brinckerhoff, then Kleinfelder, I’ve worked to improve organizational efficiency and profitability, resolve complex litigation, avoid bankruptcy, solve capital problems, and build highly effective executive teams – all resulting in an increase of shareholder value of over $1.5 billion.

My greatest strength is in solving problems that appear intractable, providing you with objective advice that protects your employees as well as the future strength and profitability of your company.

I’ve served as a non-executive Board member of numerous companies in the infrastructure industry and sat on numerous Board Committees, including Audit, Nominations and Compliance and Ethics, which I Chair for Petrofac. Following my tenure as CEO of Kleinfelder, I’m now the Executive Chairman of the Board.

Specialties include: turnaround of under-performing businesses or assets; adding strategic focus; international operations, international business entry/exit, or workout; realigning organizational structure and teams; crisis management and response; and risk assessment. I’ve also led teams on mergers, acquisitions, divestitures, ownership transitions, and infrastructure investments.

 

 

 

Representative Articles, Publications, Speeches and Seminars

A frequent speaker on issues facing the infrastructure industry, George Pierson has spoken at The Infrastructure Investment Summit hosted by the US Secretary of the Treasury, the Chief Executive Group Roundtable, the Design Professionals Coalition, the ACEC, the CMAA, the ACCL, the EFCG CEO conference, the Farkus-Berkowitz CEO Forum, and has appeared on BNN (Canada) and CNN.

Court Admissions

George has been admitted to the bar in California, Pennsylvania, New York and New Jersey.

In addition, George holds a PE license in the State of California.

Community Activities

Founder and Co-Chair of Engineering Success Alliance Board – Engineering Success Alliance is an effort to aid students from under-resourced high schools to succeed in engineering.  The program has been profiled in numerous publications, including Engineering News-Record (ENR) and on CNN, and has significantly reduced the drop out rate among minority engineering students at Bucknell University.

 

Woodlynde School Board of Trustees (2012-2016)

Located in Chester County for over 35 years, Woodlynde School has been the Philadelphia region’s leading co-ed college prep school for students in grades K-12 who learn differently from their peers. While many may have a diagnosed “learning disability,” at Woodlynde, we don’t see our students as disabled. Quite the contrary. Our intelligent and talented students are as “able” as any other student to excel in the classroom. They simply need the opportunity and guidance to develop clear understandings of their learning differences, acquire the learning strategies they can use to be successful, and evolve into confident young adults and self-advocates who are ready to embrace the lives they were meant to lead.



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