1. The Company 2. Products and Projects 3. Who, where, how much? 4. Influence / Lobbying 5. Corporate Crimes 6. Further Links, Contacts and Resources

AMEC Plc
A Corporate Profile

By Corporate Watch UK
Completed May 2002

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Who, Where, How Much?

Contact Details

Headquarters and registered office: Sandiway House Hartford Northwich CW8 2YA UK Tel: 01606 883885 Tlx: 669708 Fax: 01606 883996

AMEC London details & CEO: Peter Mason Chief Executive AMEC Plc Carter Lane London EC 4V 5HF +44 (0)20 7574 3999 / 75395800 (0)20 7574 3199

www.amec.com
AmecLondon@amec.com

Company Structure / Ownership
AMEC plc (LSE:AMEC) is headquartered in the United Kingdom. The company has over 250 offices worldwide (offices of AMEC's subsidiaries not included). AMEC has reorganised its management structure to reflect its international expansion and plans to acquire the remaining 54 per cent of SPIE. The group will be run as three regions: the UK, with responsibility for Southeast Asia, continental Europe, and North America, although global businesses such as oil and gas and pharmaceuticals will span all areas.

Annual Turnover
AMEC has annual revenue in excess of $5.6 billion (as stated in an AMEC press release, 19 February 2002).[xxx]
AMEC's profit before tax in 2001 was £116.7 million.
AMEC 2000 Revenue by geographical area:

Important to note is the fact that the economic and financial performance of AMEC, and of multinationals in general, needs to be assessed over a long-term period. Multinational corporations can afford to under-perform on the short-term, as long as profits remain strong over a longer period of time. To quote CEO Peter Mason: "This industry needs to be measured, or management teams at least, over an extended period of three, four, or five years. The nature of the work is that many capital projects contracts are two and three years long. Furthermore, the majority of our service contracts is at least three years, if not five or even seven. That is the strength: the recurring earnings that come from that service activity."[xxxii]

Share Value
AMEC shares are traded on the London Stock Exchange. (LSE: AMEC)
As of 3 September 2001, AMEC's market capitalisation was £1,071.3 million (based on a share price of 461p and 232,385,707 shares outstanding).[xxxiii]
AMEC Stock Exchange releases are updated via a direct feed (with a minimum delay of 15 minutes) from the London Stock Exchange's Regulatory News Service (RNS).
For an update on AMEC's share price, go to: <http://www.amec.com/investis/investorshome.asp> (source: AMEC)

Shareholders
Shareholdings in excess of three per cent of the issued share capital as reported in the AMEC Annual Report and Accounts 2000 (New numbers as at 7 March 2002 between brackets)[xxxiv]:

Ordinary shares	Quantity	%
Schroder Investment Management Ltd	34,997,052	15.5
CGNU plc/Morley Investment Management Ltd.	16,632,410	7.25
	(17,265,156)	(5.99)
FMR Corporation/Fidelity International Ltd	13,773,642	6.00
	(15,256,148)	(5.12)
The Standard Life Assurance Company	7,792,630	3.39
	(7,782,630)	(3.81)
Preference shares
Deutsche Bank AG	8,983,000	6.64

Board of Directors
For a brief description and pictures of AMEC's Board Members, see: <http://www.amec.com/investors/ab2000.pdf> (source: AMEC Plc)
The board is responsible to shareholders for the management of the company and for the protection of its assets. The board meets formally at least 10 times a year.[xxxv]

Sydney Gillibrand CBE
Gillibrand was appointed non-executive director in August 1995 and became non-executive chairman in July 1997. He was previously vice-chairman of British Aerospace Plc. He is a non-executive director of several other organisations.[xxxvi]
On 31 May 1999 Gillibrand was appointed non-executive director (he became chairman on 17 November 2000) of Powergen's -a UK based electricity and gas business- Audit Committee. He also is chairman of TAG Aviation (UK) and a non-executive director of ICL and Messier-Dowty.[xxxvii]
Gillibrand is part of the North West Business Leadership Team (NWBLT). The NWBLT brings together a group of the most influential business leaders in North West England, to address key strategic issues affecting the region. NWBLT's approach is to operate as a strategic business-led think-tank on behalf of the region, focussing on a small number of key issues and projects at any one time.[xxxviii]
Gillibrand is a member of the International Board of Directors (IBOD) of the International Industrial Commission for Electronic Business (IICeB). The IICeB is a voluntary organisation established by a number of national and international organisations. The founders intend it to be a facilitating organising using all available existing national and international means to attain its objective; the internationalisation of full electronic business.[xxxix]
Gillibrand is also co-author of the following publication: Sydney Gillibrand and Gerald A. Johnston, The Atlantic Partnership: An Industrial Perspective on Transatlantic Defense Cooperation, Washington: The Center for Strategic and International Studies, May 1991[xl]

Peter Mason CEO
Mason was appointed to the board as chief executive in March 1996. He was previously an executive director of BICC plc and chairman and chief executive of Balfour Beatty Limited.[xli]
Mason held a number of appointments in the construction industry before he joined Norwest Holst in 1980. Three years later he became managing director of the company's civil engineering division and in 1985 he was appointed chief executive of Norwest Holst Group PLC. He held this position until he joined BICC in 1992. Mason is a board member of SPIE S.A.
Under Mason's leadership, AMEC has become the pacesetter for new-look construction companies. Mason is also a fierce promoter of the Public-Private-Partnerships, unsurprisingly since AMEC is in the vanguard of bidders for PPP work.
Beleaguered Railtrack has been held up as an example of how relying on the private sector can go wrong. Yet Mason remains convinced that not only was rail privatisation right, but so too was splitting track operation away from the train companies. He has some expertise on the subject as a major contractor to Railtrack and chairman of a BTI (see below) committee on the rail industry.[xlii]
Outside AMEC, Mason is a board member of British Trade International, and is chairman of the British Government's export drive for the overseas sales of UK goods and services for the railway industry. He is also a member of the Advisory Council of the Export Credits Guarantee Department (ECGD)[xliii], which guides the disbursement of government money by the ECGD (see Corporate Crimes and Links with Government sections).
British Trade International was formed in 1999 as a joint venture between the Foreign and Commonwealth Office (FCO) and the Department of Trade & Industry (DTI). It helps British companies export and invest overseas, and encourages foreign companies to invest in the UK (see section on Lobby Groups).

Liz Airey
Airey was appointed a non-executive director in October 1999. Other boards on which Liz Airey sits as a non-executive director are The Fleming European Fledgling Investment Trust Plc and Telemetrix Plc. Airey was previously the finance director of Monument Oil and Gas plc and the finance director and company secretary of Nimex Resources Limited. Airey is a member of Consort's Advisory Council. Consort is a niche market UK North Sea Gas Company.[xliv]
In addition, Airey is a director at the oil consultancy firm Harrison Lovegrove &Co Ltd. She is also a director of several other organisations.[xlv]
Liz Airey took over David Harrison's position as chairman of the Advisory Council of the Export Credit Guarantee Department (ECGD) from January 2002. Until 2000 she also sat on the Oil Industry Accounting Committee (see links with gov't section).[xlvi]

James Dallas
Dallas was appointed a non-executive director in October 1999. He is the chairman of a law firm, Denton Wilde Sapte. He is the chairman of the remuneration committee.[xlvii]

John Early
Early was appointed an executive director in March 1986. He is the director responsible for the Investments sector.

Jock Green-Armytage
Appointed a non-executive director in June 1996. He is the chairman of the audit committee and the senior non-executive director. Green-Armytage is chairman of both JZ Equity Partners plc (a listed private investment trust) and the International Biotechnology Trust PLC (the UK's first approved investment trust dedicated to the biotechnology sector).[xlviii]
Green-Armytage is board member of the Foundation of Canadian Studies in the UK.[xlix] The Foundation was established in 1975 to support teaching, research and publishing about Canada in the United Kingdom, and to promote academic links and student exchanges between Canadian and British universities. The Foundation has a joint venture with the Canadian High Commission, London, through which it works in close collaboration with the Government of Canada.

Martha Hesse
Hesse was appointed a non-executive director in April 2000. She is president of Hesse Gas Company and was formerly chairman of the US Federal Energy Regulatory Commission (see below) and assistant secretary for management and administration of the US Department of Energy.[l]
In 1986 President Reagan nominated Martha Hesse to be chairman of the Federal Energy Regulatory Commission (FERC), the agency with responsibility for regulating the wholesale electric power business. Together with two other commissioners-Charles Stalon, an economist, and C.M. Naeve, an attorney- Hesse laid the political groundwork for bringing more competition into the electric power industry.'[li]
On 12 November 2001 Hesse joined Terra's Board of Directors. Terra Industries Inc. is a US-based supplier of ingredients for agriculture and industry.[lii]

Peter Janson
Janson was appointed an executive director in April 2000. He was formerly the chief executive officer of AGRA Inc. and is now chairman and chief executive of AMEC Inc. and responsible for AMEC's operations in North America.[liii]
Peter Janson is also member (since November 2000) of DuPont Canada's Board of Directors.[liv]

Jean Monville
Monville was appointed an executive director in February 1997. He is the chairman and chief of SPIE S.A.[lv]
Monville is chairman of SEFI (the International French Contractors).[lvi]

George Payne
Payne was appointed an executive director in November 1994. He is commercial director.[lvii]

David Robson
Robson was appointed an executive director in August 1991 and became chief operating officer in January 1998.[lviii] He is also board member of SPIE S.A.[lix]

Stuart Siddall
Siddall was appointed finance director in June 2000. He was previously finance director of Alpha Airports Group plc and of MANWEB plc.[lx]
Siddall has been Finance Director of Balfour Beatty Ltd (a subsidiary of BICC, see below, the international engineering company for which Siddall worked for 16 years in a variety of positions) from 1990 to 1995. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Association of Corporate Treasurers.[lxi]
On the 10th of May 2000 Balfour Beatty plc officially changed its name from BICC plc, following the disposal of the group's worldwide cables interests in 1999 and early 2000.[lxii]

 

Offices in the UK
As listed in the directory: Kompass Company Information UK 2001/2002:

As listed in the Applegate directory Technology and Engineering Companies in the UK and Ireland.' See: <http://www.applegate.co.uk/engineering/names_a.htm> (road maps are included):

Amec Capital Projects Ltd
Unit 1A Stag Industrial Estate
Oxford Street
Bilston
WV14 7HR
West Midlands
Tel: 01902 493100
Fax: 01902 405922

AMEC Construction Ltd
Alexandra House
Talbot Road, Old Trafford
Manchester
M16 0PG
Lancashire
Tel: 0161 872 2200
Fax: 0161 786 3063

AMEC Design and Management Ltd
Timothy Bridge House
Timothy Bridge Road
Stratford upon Avon
CV37 9NJ
Warwickshire
Tel: 01789 204288
Fax: 01789 299135

AMEC Process and Energy Ltd
76-78 Old Street
London
EC1B 9RU
Tel: 020 7539 5800
Fax: 020 7539 5900

AMEC Process and Energy Ltd
AMEC House,
AMEC Way Hadrian Road
Wallsend
NE28 6HL
Tyne and Wear
Tel: 0191 295 6666
Fax: 0191 295 0173

Subsidiaries
AMEC has over 250 AMEC offices worldwide. Most of AMEC's subsidiaries carry the AMEC name. The ones that do not carry the AMEC name are listed below[lxiii]:

AMEC's subsidiaries in the UK (not carrying the AMEC name):

AMEC's subsidiaries (not carrying the AMEC name) in the rest of the world:

See also 'Principal Group Companies' as at 31 December 2001, listed by AMEC plc in its Annual Report and Accounts 2001, page 63. This list contains the subsidiaries, joint ventures and associates which, in the opinion of the directors, principally affect group trading results and net assets.

On its website AMEC lists the following affiliated websites:

AMEC Websites

AGRA Baymont
www.baymont.com

AGRA Foundations
www.agrafoundations.com

AMEC Wind
www.amec.com/wind

AMEC Developments
www.amecdevelopments.co.uk

AMEC Dynamic Structures
www.agracoast.com

AMEC Integrated Solutions
www.amecintegratedsolutions.co.uk

AMEC Technical Services - WISHAW/METLABS/SRC
www.wishaw.com.au

AMEC Technologies
www.agrasystems.com

CV Buchan
www.cvbuchan.co.uk

Earth & Environmental Microsite
www.amec.com/earthandenvironmental

Midwest Management
www.midwest.ab.ca

PharmaChem Microsite
www.amec.com/pharmachem

Rail Microsite
www.amec.com/rail

Spectrocan
www.spectrocan.com

SPIE
www.spie.fr

SPIE associated websites
www.english.spie.fr/filiales/FI.htm

Teshmont Consultants (50%)
www.teshmont.com

TransTech Technologies Inc.
www.transtechinteractive.com

Source: AMEC (http://www.amec.com/amec_shortcuts.asp?pageid=19)

AGRA and SPIE

SPIE

AGRA

AMEC's Advisers

AMEC's Financial and PR Advisers

Bankers
RBS, Barclays Bank Plc, National Westminster Plc, HSBC Bank Plc

Stockbrokers
Credit Lyonnais Securities, UBS Warburg

Auditors
KPMG Audit Plc

Law Firms
Linklater & Alliance, Laytons, Masons[lxxiii]

Financial PR Advisers
Citigate Dewe Rogerson (see below)

Investor contact at AMEC

Neil Jamieson
Director Investor Relations,
65 Carter Lane,
London,
EC4V 5HF
Telephone: +44 (0) 20 7634 0031
Fax: +44 (0) 20 7634 0030

investors@amec.com

Analysts from the following companies follow AMEC
ABN AMRO
Brewin Dolphin
ING Barings Charterhouse Securities
Credit Lyonnais
Securities
Deutsche Bank
Granville Baird
HSBC
ING Barings
Merrill Lynch
Peel Hunt
Schroder Salomon Smith Barney
UBS Warburg[lxxiv]

PR Companies Used by AMEC

Citigate Dewe Rogerson (CDR)
CDR is part of Incepta Group, one of the biggest PR companies in the world. CDR's client list includes AMEC plc, AventisCropScience (the biotech company recently acquired by Bayer AG), BAA plc and Balfour Beatty plc (notorious for it's socially and ecologically destructive dam building practices).[lxxv]

In 2001, Sanchis Communication (Madrid) and CDR beat out Burson-Marsteller for a more than $2 million PR campaign financed by the World Bank to promote privatisation in Paraguay.[lxxvi]
Company Website: <http://www.dewerogerson.com/>

Other Consultants Used by AMEC

Engineering
AMEC is listed as a client of Curtins Consulting. Curtins claims to be a market leader in engineering consultancy
Company Website <http://www.curtins.com/clients3.htm>

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