Market Overview

Stantec announces planned retirement of CFO, Dan Lefaivre and names Theresa Jang as incoming CFO


Stantec announced today that following a successful 10-year tenure as
the Company's executive vice president and chief financial officer
(CFO), Dan Lefaivre will retire from the CFO role, effective December
31, 2018 as part of a planned executive leadership succession strategy.

The firm also announced today that Theresa Jang will join Stantec on
September 10, 2018 as executive vice president; she will take on the CFO
role effective January 1, 2019. Jang will report to Gord Johnston,
Stantec president and chief executive officer. To ensure a smooth
transition, Lefaivre will remain with the firm until the end of Q1, 2019.

Demonstrated Financial Leadership

With more than 25 years of experience, Jang has an extensive background
in the areas of finance, corporate governance and people leadership. She
has performed and led a wide range of roles including audit,
controllership, long-range planning, treasury, mergers and acquisitions,
and investor relations. She also brings considerable experience in
capital markets, compliance, financial reporting, and enterprise risk

Jang was previously the CFO of Veresen Inc., a publicly traded energy
infrastructure company based in Calgary, Alberta. During her tenure at
Veresen, she played a key role in the development and execution of
corporate strategy that saw Veresen's enterprise value grow from $3
billion in 2006 to almost $10 billion in 2017. As CFO, she led the
raising of over $4 billion through the bank, debt, and equity capital
markets to fund Veresen's growth activities.

Jang began her career at Ernst & Young, followed by positions at
TransCanada Corporation and Veresen Inc. She was recently appointed to
the Board of Directors for Bonavista Energy Corporation and will retain
that position after joining Stantec. She holds a Bachelor of Commerce
degree from the University of Calgary and is a Chartered Professional

"We are very pleased that Theresa has agreed to join Stantec," said Gord
Johnston. "Her appointment and this CFO transition are timely milestones
in an executive leadership succession strategy we've been working on for
several years. Our company has grown considerably in the past several
years and she has the demonstrated achievements, strategic acumen,
financial expertise, capital market understanding, and people-focused
leadership style to help us achieve our long-term strategic objectives
as the global company we've become."

"I'm delighted to join the Stantec team and I look forward to
contributing to the Company's ongoing success," said Jang. "I also look
forward to building on Dan's considerable legacy of creating value for
shareholders, clients, and employees."

A Legacy to Build Upon

Dan Lefaivre joined Stantec in 1990 and was appointed CFO in January,
2009. In this role, he has been responsible for the financing of the
Company and overall capital structure, financial reporting, management
of corporate assets and risks, and engagement with the investment
community. During his tenure, Lefaivre has contributed to some of
Stantec's most significant initiatives, including the implementation of
Oracle, the introduction of a dividend, and financing the MWH Global
acquisition, the largest in Stantec's history.

Lefaivre was nominated five times for the Best Investor Relations by a
CFO (mid-cap) award by IR Magazine Canada and won three times, most
recently in 2017. He was also named a 2015/2016 Canadian TopGun CFO in
the Industrials sector by Brendan Wood International.

"Dan has played a crucial role in driving growth across Stantec during
his tenure as CFO, as well as being a vital part of the development and
execution of our Strategic Plan," said Johnston. "Dan developed a very
strong team of financial leaders across Stantec who serve as important
business partners across our company. I personally want to thank Dan for
being a trusted advisor throughout his Stantec career and I appreciate
his role during this thoughtful, strategic transition taking place over
the next several months."

The investment community will be able to hear from Gord Johnston and
Theresa Jang at Stantec's Investor Day on June 12, 2019 at the Company's
new headquarters in Edmonton, Alberta.

About Stantec

Communities are fundamental. Whether around the corner or across the
globe, they provide a foundation, a sense of place and of belonging.
That's why at Stantec, we always design with community in mind.

We care about the communities we serve—because they're our communities
too. This allows us to assess what's needed and connect our expertise,
to appreciate nuances and envision what's never been considered, to
bring together diverse perspectives so we can collaborate toward a
shared success.

We're designers, engineers, scientists, and project managers, innovating
together at the intersection of community, creativity, and client
relationships. Balancing these priorities results in projects that
advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at or find us on social media.

Design with community in mind

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