Former chief of U.S. construction firm Bechtel dies at 95 By Syndicated Content
Mar 16, 2021 2:27 AM
(Reuters) - Stephen Bechtel Jr, the third generation of his family to head international construction firm Bechtel Corp, has died aged 95, the company said.
Bechtel, who was chief executive for 30 years from 1960, during which sales grew 11-fold and the workforce five-fold, with major projects swelling to 119 from 18, died peacefully at home on Monday, the company said in a statement.
It gave no cause of death. My grandfather leaves a remarkable legacy of accomplishment, integrity, excellence, and commitment to customers and communities, said Brendan Bechtel, the current chairman and chief executive.
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Stephen Bechtel Jr., the third-generation heir of the Bechtel Corp. construction empire who led its global drive for 30 years and provided President Reagan with key Cabinet members, has died at his home in San Francisco.
The company said Bechtel died Monday at 95. No cause of death was given.
The Stanford-educated engineer became a billionaire while leading the San Francisco-based firm’s expansion through “mega-projects” in Saudi Arabia, the U.S. and Canada.
At 35, he took over as president from his father in 1960 and oversaw contracts for the San Onofre Nuclear Generating Station in north San Diego County, the Jubail Industrial City in Saudi Arabia and the James Bay hydroelectric project in Canada. In less than two decades, he doubled the company’s size, according to its website.
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