Jacobs announced a leadership succession plan that positions the Company to continue driving significant profitable growth and delivering on the vision that Jacobs has set for its people, clients, communities and shareholders. Bob Pragada, currently President and Chief Operating Officer, will succeed Steve Demetriou as Chief Executive Officer and join the Company's Board of Directors. Demetriou will continue as Executive Chair of the Board.

The changes are effective Jan. 24, 2023, the date of the Company's annual shareholder meeting. Pragada joined Jacobs in 2006, holding several senior management positions over nine years.

He returned to Jacobs in 2016 as President of the global Industrial and Buildings & Infrastructure lines of business, and in 2019, Pragada was appointed President and COO of Jacobs. He has been instrumental in developing and leading the successful execution of Jacobs' strategy, as well as driving global integrated delivery of Jacobs' operations around the world as a differentiator in the industry. Since 2019, Pragada has served as President and COO of Jacobs, providing executive oversight of all global operations, driving impressive profitable growth across the Company's Critical Mission Solutions and People & Places Solutions lines of business.

During his tenure, Pragada led the successful integration of CH2M, a $5 billion diversified technical services leader in infrastructure, water, environmental and nuclear sectors. He was also instrumental in Jacobs' strategic majority investment in PA Consulting, a multi-billion-dollar world-leading digital consulting firm, where he now serves as a Board member. After graduating from the United States Naval Academy, Pragada began his career in the Navy as a Civil Engineer Corps and Seabees officer, providing international contingency operations, base engineering, construction and maintenance services, rising to the rank of Lieutenant Commander.

He is a graduate of Stanford University, where he earned a Master of Science in engineering and management. Bob also serves as a Director on the Boards of Eaton, the Board Advisory Council of Brightstar Capital, the U.S. India Business Council, the Dallas Mavericks Foundation Advisory Council, and the U.S. Naval Academy Foundation.