Company: WSP | Parsons Brinckerhoff
Designation: Managing Director – Middle East
Following WSP Global’s $1.3bn acquisition of Parsons Brinckerhoff in the fourth quarter of last year, Tom Bower went from managing 700 people to 1,450. The formation of WSP | Parsons Brinckerhoff, announced in September 2014, saw the company’s worldwide workforce increase from 17,500 to 31,500.
Bower began his WSP tenure in 1999 as assistant to the firm’s former CEO, a position which he held for four years. To date, he has accrued 16 years of experience at the company, over a quarter of which have been spent in the Middle East. In the wake of the 2014 acquisition, Bower moved from being WSP’s managing director of Middle East & India, to WSP | Parsons Brinckerhoff’s managing director – Middle East.
In first quarter of 2015, WSP | Parsons Brinckerhoff achieved total and net revenues of $1.40bn and $1.02bn, up 175% and 133%, respectively. These increases, according to the firm, came mainly as a result of business acquisitions, but were bolstered by: 14.2% global organic growth (11.8% organic and 2.4% due to favourable foreign exchange rates).
Commenting on the healthy 2015 figures, Bower told Construction Week: “There [are] two aspects to the first-quarter results for this year. From a global point of view, the business, which is growing [in size], has performed very well in the duration.
The fourth quarter of 2014 was the first time we reported as a combined business, but the results from the first quarter of 2015 are more telling of how our overall operations work in a business-as-usual environment.”