Jacqueline Hinman

Last updated

Jacqueline A. Hinman
Born
Jacqueline Anne Crenca [1] [2] [3]

1961 (age 62–63)
Maryland, United States [4]
Alma mater Montgomery Blair High School, Pennsylvania State University
Occupation Business executive
Employer(s)Boardmember of Several Organizations; CH2M HILL (Former Chairman, president and CEO)
FamilyGeorge (husband) [4]

Jacqueline Anne "Jacque" Hinman [1] [3] P.E. LEED (her maiden name is Crenca and used earlier Rast [2] as her surname which was from a previous marriage) is one of a small number of women who have led Fortune 500 companies. She was most recently the chairman, president and CEO of CH2M HILL, a Fortune 500 US engineering company. [5] In the first quarter of 2024, she will take over as the CEO of Atlas Technical Consultants, based out of Austin, Texas.

Contents

Early life and education

Hinman received her bachelor's degree in civil/environmental engineering from Pennsylvania State University College of Engineering in 1983. She also attended the Stanford Executive Program in 2013. She is a registered professional engineer (P.E.) with accreditation under the US Green Building Council’s Leadership in Energy and Environmental Design (LEED) program. [6]

Career

Pre-CEO Career

In 1988, Hinman joined CH2M HILL in the environmental business. She worked for ten years doing design management, project management, construction management, business development, and operations management. In 1997 she became the CEO of management consulting firm Talisman Partners, which was acquired by the Infrastructure Division of Tyco in 2001. From 2001 until 2004 Hinman was senior vice president of Tyco's Facilities and Infrastructure Business (formerly Earth Tech). She owned the Azimuth Group from 2004 to 2005, serving as a senior management consultant for the construction and engineering industry. [7]

After returning to CH2M HILL, Hinman was appointed to the board of CH2M HILL Companies, Ltd on May 6, 2008. [7] She served in multiple Executive Roles for the company, including serving as President of the Facilities and Infrastructure Division, President of the Center for Project Excellence, and Senior VP of Global Business Development. Hinman was especially instrumental in developing the firm's sport program management business, capitalizing on its historic involvement in the sustainability aspects of the Olympics (Atlanta, Sydney, Salt Lake City, Vancouver) and expanding the company's work into infrastructure and overall sport program management for the London and Rio Olympics. [8] She also worked with global teams to win major programs such as the Panama Canal Expansion and the MASDAR UAE Sustainable City. Beginning in 2011 Hinman served as President of the International Division of CH2M HILL, and oversaw the acquisition of UK-based Halcrow Group, for which she served as Chairman and CEO until its integration. [9]

CEO of CH2M HILL

Hinman took over as President and CEO in January, 2014. In July 2014 the company announced the appointment of Hinman to be the chairman of the board replacing Lee McIntire who had retired from that position on September 18, 2014. [5]

According to The Denver Post-Business in October 2013, her position was noteworthy, as engineering had traditionally been a field in which men have dominated. [10] According to Mark Leftly of the UK's The Independent in September 2013, since her rise to the head of CH2M Hill she is “one of the most powerful women in the industry.” [11]

Hinman promoted diversity and inclusion during her tenure as Chairman and CEO, achieving numerous goals not typical of the industry, including a high proportion of women in junior and senior management positions, and the 2020 Women on Boards recognition for board composition of 30% women. Hinman has been a noted reference on improving corporate cultures and diversity. [12] [13] [14]

Under Hinman's leadership, CH2M HILL expanded upon its recognition for industry leadership, inclusive culture, and impact on the world. The company was named by Fortune in 2017 as one of the "Top 50 Companies Changing the World" and as a Forbes "Best Employer for Diversity" and "Best Large Employer". [15] [16] It was also named as a "World's Most Ethical Company" by Ethisphere for a ninth consecutive year. [17]

Hinman's tenure as CEO also saw the company shift away from fixed price Engineer-Procure-Construct (EPC) contracts. Years earlier, the company had decided to enter the at-risk construction industry and taken on several EPC projects that proved difficult to perform and strained the balance sheet starting in late 2013. These challenges and the company's lagging growth in its core engineering and consulting business also prompted the CH2M HILL Board to evaluate the company's capital structure in 2014. In 2015, CH2M HILL modified its historical employee ownership model by bringing on private equity firm Apollo Global Management in 2015 as a minority investor. During the period 2015-2017, CH2M HILL improved its performance - including sales, project delivery, and profitability - through an increased focus on client and project management, and a shift in operating model. Facing a growing retired employee shareholder base, the CH2M HILL board actively evaluated capital structure change options in 2017 in order to provide sufficient capital to shareholders that desired to sell their stock. After preparing for an IPO, and evaluating other merger and sales options, CH2M HILL agreed to merge with Jacobs Engineering in August 2017. [18] Hinman retired from CH2M HILL concurrent with the completion of the December 2017 merger.

Board memberships

In November 2017, Hinman joined the board of International Paper, and has served on each of its committees. She currently chairs the Management Development and Compensation Committee. In April 2019, Hinman was named a Director of the newly formed Dow Inc., [19] after having served on the board of DowDuPont since June 2018. Hinman has served on each of Dow's board committees and currently chairs the Environmental, Health, Safety and Technology Committee and also serves on the Compensation and Governance committees. In December 2019, Hinman joined the board of AECOM, serving on its Strategy, Risk and Safety Committee and its Compensation Committee. [20] She ended her AECOM board service on March 1, 2022. Hinman also previously served on the board executive committee of the nonprofit organization Catalyst [21]

See also

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References

  1. 1 2 "Jacqueline Crenca Hinman from Englewood, Colorado". Voterrecords.com.
  2. 1 2 "Communications Pioneer James John Crenca Dies". The Washington Post. October 30, 1999.
  3. 1 2 "Jacqueline Hinman | CH2M Hill". Europeanceo.com.
  4. 1 2 "Jacqueline Crenca Hinman". PSU.edu. Archived from the original on September 26, 2015.
  5. 1 2 Harden, Mark (July 21, 2014). "CH2M Hill names CEO Jacqueline Hinman its chair". BizWomen. Retrieved December 10, 2014.
  6. ↑ "Past College of Engineering Commencement Speakers-Spring 2014: Jacqueline Hinman ('83 ENV E)". Penn State College of Engineering. May 9, 2014. Archived from the original on October 23, 2017. Retrieved December 10, 2014.
  7. 1 2 "Jacqueline C. Rast Hinman P.E., LEED". Bloomberg BusinessWeek. Archived from the original on December 28, 2016. Retrieved December 10, 2014.
  8. ↑ "CH2M Hill among 3 Colorado firms playing major roles at Olympics". Denver Post. June 29, 2012. Retrieved January 28, 2021.
  9. ↑ "Jacqueline C. Hinman". Equilar Atlas. Archived from the original on December 21, 2014. Retrieved December 10, 2014.
  10. ↑ Painter, Kristen Leigh (October 20, 2013). "Jacqueline Hinman engineers her rise to top at CH2M Hill". The Denver Post-Business . Retrieved December 10, 2014.
  11. ↑ Leftly, Mark (September 18, 2013). "Jacqueline Hinman to head CH2M". The Independent . Retrieved December 10, 2014.
  12. ↑ Proctor, Cathy (July 21, 2017). "View from the Top: CH2M's Jacqueline Hinman is building a pipeline of promotion for women". Denver Business Journal .
  13. ↑ Chira, Susan (July 25, 2017). "How to Get More Women to Be C.E.O.s". The New York Times .
  14. ↑ Walsh, Meghan (February 8, 2018). "The Breakthrough Formula: Women CEO's". Korn Ferry. Archived from the original on March 25, 2018.
  15. ↑ "CH2M named to Fortune's Top 50 Companies that Change the World | CH2M". ch2m.com. Archived from the original on March 9, 2018. Retrieved January 14, 2022.
  16. ↑ Jared Council, ed. (April 26, 2022). "America's Best Employers For Diversity 2020". Forbes.com. Retrieved January 28, 2021.
  17. ↑ "CH2M named a 2017 World's Most Ethical Company for 9 years running". CH2M. March 13, 2017 – via prnewswire.com.
  18. ↑ Rubin, Debra K.; Korman, Richard (August 2, 2017). "Jacobs Pays Surprise Premium in $3.27B Deal for CH2M". ENR. Retrieved January 28, 2021.
  19. ↑ "Company Overview of Dow Inc". Stocks. Bloomberg. April 2, 2019. Retrieved January 28, 2021.
  20. ↑ "Jacqueline Hinman - Board Member". AECOM. Retrieved January 28, 2021.
  21. ↑ "DowDuPont Announces New Members of Agriculture, Materials Science, and Specialty Products Divisions' Advisory Committees". Dow Inc. June 29, 2018. Archived from the original on July 12, 2018.
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