Jacobs Announces Planned Retirement of EVP of Finance and Administration John Prosser

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that its Executive Vice President, Finance and Administration, John W. Prosser, Jr., plans to retire near the end of the 2014 calendar year after 40 years with Jacobs.

As EVP of Finance and Administration, Prosser functions as Chief Financial Officer (CFO) and also oversees the corporate groups of the more than 65,000-employee global firm.

Jacobs is now conducting an active search for a CFO, and John is expected to remain in his position during the transition.

In making the announcement, Jacobs President and Chief Executive Officer Craig Martin said, “In the four decades that John has been with Jacobs, the company has grown its annual revenues from $112 million to over $12 billion. Throughout market booms and recessions, during our expansion into new geographies and industries, John’s extensive knowledge of financial matters, astute business insights, and the respect he has earned from others in our industry and on Wall Street have helped the company grow steadily and deliver value to our shareholders. We look forward to his help transitioning another CFO to continue and expand upon his legacy.”

Jacobs is one of the world's largest and most diverse providers of technical professional and construction services.

Statements made in this release that are not based on historical fact are 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. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2013 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



John W. Prosser, Jr., 626-578-6803



Executive Vice President, Finance and Administration