Congratulations, Richard G. Newman.
You attended Bucknell University as a member of the Class of 1956, earning the Bachelor of Science in Civil Engineering degree. You also earned a Master of Science degree at Columbia University, and completed executive management graduate work at the University of California at Los Angeles (UCLA).
Since graduation you have distinguished yourself in your chosen profession and have provided noteworthy contributions to society through service with the California Science Center, Pepperdine University's School of Business & Management, the Boy Scouts Western Council Board, the YMCA of Metropolitan Los Angeles, and many other public service organizations.
Your career began in 1956 with a large New York-based engineering firm and a stint with the U. S. Army Corps of Engineers. In 1960 you joined a small Connecticut engineering company of 16 employees and helped build it into a 260-employee firm with eight offices throughout the northeast. After selling the company to Genge, a publicly-traded company on the west coast, you served as its president and helped that company become one of the largest engineering firms in the United States. In 1977, you joined the engineering firm of Daniel, Mann, Johnson and Mendenhall (DMJM) and became its CEO, tripling its size within six years. In 1984 DMJM joined Ashland Technology Corporation (ATC). In 1989, you prepared a management-led employee buyback proposal for ATC, renaming the new entity AECOM Technology Corporation. Your proposal was both simple and unique: employees would create value for their clients, creating value for AECOM, and this coupled with employee purchasing of shares in AECOM enabled Ashland to be paid for its interest in AECOM. The success of your concept resulted in 100% employee ownership of AECOM within eight years. During your tenure at AECOM, you led growth and diversification activities that extended AECOM's reach around the world and significantly broadened the company's business lines. AECOM was named 101st on Forbes magazine's list of the Top 500 Private Companies for 2005, with annual revenues of $2.4 billion. AECOM features prominently in Engineering News Record's Top 500 Design Firms, ranking first in the categories of transportation, wastewater, and general building design, and 3rd overall. In September 2005, you transitioned from CEO to Executive Chairman of the Board of Directors of AECOM.
In 2002 you received the Southern California Leadership Network Leader of the Year Award, the Archdiocese of Los Angeles Ecumenical Leadership Award, and the Outstanding Achievement in Engineering Award from Bucknell's Southern Alumni Club of California. You have also received the Ernst & Young Greater Los Angeles Entrepreneur of the Year Award and the South California Construction Industries Lifetime Achievement Award.
Your accomplishments, service, and dedication to your profession, to society, and to Bucknell University have earned you the respect and gratitude of Bucknell University's engineering alumni.
It is therefore with the highest regard and warmest affection that on February 24, 2006, the Bucknell University College of Engineering and the Bucknell Engineering Alumni Association present to Richard G. Newman, Class of 1956, the Distinguished Engineering Alumni Award.
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