North American Construction Group (NACG) has named Joseph “Joe” Lambert to the position of president and CEO, effective January 1, 2021. He will also join the board at that date.
Lambert takes over from Martin Ferron, who joined the company as president and CEO in 2012. He will assume the role of executive chairman and resign as CEO. This will facilitate transitional oversight and support to the executive team throughout 2021. Beyond that, Ferron plans to remain as non-executive chairman of the board of directors and as a major shareholder.
“I am very proud of the many achievements NACG has attained during my eight-plus years tenure as CEO. None more so than the development of Joe Lambert into the right person to succeed me. From the outset, he impressed me as an operating executive of the highest caliber and has since applied himself with complete dedication to become the CEO this company needs to take it through and beyond its next phase,” said Ferron.
“Joe has extensive experience in mining support services and construction, both in North America and Australia, and so is extremely well suited to be the leader of our important diversification strategy, building our presence in other geographies and natural resource industries while we continue to fully satisfy our customers in the Canadian oil sands.”
Lambert joined North American Construction Group in 2008 as general manager of mining after an extensive career in the mining industry and was promoted to vice president, oil sands operations in September of 2010, before shifting to chief operating officer in June of 2013.
“I am pleased to be given this opportunity and look forward to leading this outstanding organization. Working with the great team of people here that I know well, I can assure all stakeholders we will continue the journey of safely achieving our strategic objectives,” said Lambert. “Despite the COVID-19 pandemic and enduring a very difficult Q2 this year, our business is recovering well and I am eager to continue this current positive momentum.”
