Business Achievement: Resiliency

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Golder Associates (Edmonton, Alberta) for resiliency in the face of significant market challenges, particularly the downturn in the natural resources market. A strong global firm with a long history of industry-leading growth, Golder’s performance peaked in 2012 with >$1.4B in revenue. However, Golder’s fortunes reversed in 2014 and 2015. Impacted by the decline in the mining and oil & gas sectors the firm experienced a significant reduction in revenue and reported its first ever operating loss. In 2015, Golder took an unprecedented step in appointing its first external CEO, Dr. Hisham Mahmoud—previously president of infrastructure at SNC-Lavalin and president of global environment and infrastructure at AMEC—who restructured and revitalized the firm’s leadership and strategy. Only 18 months later, as a testament to Golder’s resiliency and the dedication of its employee owners, Golder concluded 2016 with a return to strong profitability and backlog growth. One of the few remaining large employee-owned firms with $1 billion or more in annual revenue, Golder is focused on continuing to be a best place to work, technical excellence and great client service.