ORGANIZATIONAL REALIGNMENT AT
Transcription
ORGANIZATIONAL REALIGNMENT AT
APRIL 2015 Pictured here: Paul Stanley and Geoff Wells, Pennecon Energy’s newly appointed Vice Presidents ORGANIZATIONAL REALIGNMENT AT PENNECON ENERGY POSITIONS COMPANY FOR CONTINUED SUCCESS read more on page 3 Everybody knows what “risk” is. RISK MANAGEMENT WHAT DOES IT REALLY MEAN? A Message from the CEO Every day, in every decision we make, we manage our own personal risk register. Can I press snooze one more time? Should I finance or lease my new vehicle? Will I start composting this year? Should I get the flu shot? Do I want to supersize my fries?! In business, we do the same thing. But the challenge lies in ensuring risk management is a formalized and strategic process. Traditionally, risk management referred to forecasting, evaluating and mitigating financial risk. But risk management has since evolved into much more. Beyond financial risk we also consider risk in the areas of operations, safety, environment, human resources, reputation, legal, and more. These risks include everything from labour strikes and claim adjustments, to changing economic conditions and the potential for injury on the job, to media attention and access to capital. Risk management is all about proactively identifying these risks and taking measures to prevent accidental loss. At Pennecon, we take the business of risk management very seriously. Last year, we appointed a risk management committee, which regularly evaluates our risk program and develops solutions to ensure we manage risk effectively. So far, the committee has formalized our tender review and joint venture processes, and developed an emergency response protocol, a business continuity plan and a media relations policy. But risk management can’t just sit with a committee. It is everyone’s responsibility. At Pennecon, we’re endeavouring to build a culture where all of our employees instinctively look for risks and consider their impacts when making decisions. In order to build that culture, we need to talk openly, honestly and frequently about risk, we need to engage employees in the risk management process, and we need to be open to constructively challenging the status quo. I challenge all of our employees to think about risk. What risks did you evaluate in your personal life today? What risks do you evaluate regularly on the job? And how can you further contribute to “risk management” at Pennecon? Sincerely, 2 David Mitchell, P.Eng CEO, Pennecon Limited David Mitchell, P.Eng, CEO, Pennecon Limited CONTINUED FROM COVER ORGANIZATIONAL REALIGNMENT AT PENNECON ENERGY CONSTRUCTION/ FABRICATION At Pennecon Energy, there are two streams of business: construction/fabrication and services. We are delighted to unveil a new organizational structure that clearly identifies these two service offerings. By Sarah Constantine SERVICES Under the leadership of Geoff Wells, the Construction/ Fabrication Division will include Pennecon Energy M&M Engineering, Pennecon Energy M&M Offshore, and Pennecon Energy Industrial Services. Under the leadership of Paul Stanley, the Services Division will include Pennecon Energy Technical Services, Pennecon Energy Hydraulic Systems, Pennecon Energy Marine Base, Pennecon Energy Grand Banks Warehousing, and Pennecon Energy Maintenance Services. These two complementary streams of business balance the ebb and flow of project work in our Construction/Fabrication Division with the stability of the long term contracts in our Services Division. This change will position us to grow and develop in response to our clients’ changing demands and the evolution of the industries in which we operate. Geoff Wells, Vice President Construction/Fabrication, Pennecon Energy Although we’ve branched into two divisions, it’s business as usual for our employees and customers. We will continue to provide the same quality of services to our clients and a strong company culture for our employees. Stay tuned for more details about the realignment as they unfold. Paul Stanley, Vice President Services, Pennecon Energy HAPPY RETIREMENT, DON NOSEWORTHY The reorganization of Pennecon Energy comes at the heels of Don Noseworthy’s decision to retire as the Senior Vice President of Pennecon Energy, effective May 1, 2015. “Over the years, Don has been very instrumental to Pennecon’s growth and success, a leader in our company and the industries in which we operate, and a strong advocate for our brand. On behalf of Pennecon’s Board of Directors, management team, and all of our employees, I wish to thank him for his dedicated years of service.” - David Mitchell, CEO 3 PROJECT SUCCESS IN BULL ARM By Brad Cole Employee Profile In March of 2014, Pennecon Heavy Civil Ltd. began working on the Pier and Quay Remediation Project for the Hebron Topsides Project in Bull Arm. Since then, it has become a study in project execution, customer service, health and safety practice, and overall project success. EMPLOYE E RO B The Hebron Project is a significant one for Newfoundland and Labrador, contributing royalty and tax revenues to our economy, injecting employment opportunities in engineering, fabrication and construction, supporting a diverse workforce, and creating research and development opportunities. Winning a major scope of work related to this significant project was a proud moment for Pennecon in and of itself. But watching our team undertake the project so successfully– that’s an even prouder accomplishment. Our HSEQ performance on this job has been second to none. ExxonMobil presented eight of our employees with prestigious “Silver Coin” awards in recognition of their dedication to safety on the job. In addition to that, we also received two awards from the Heavy Civil Association of Newfoundland and Labrador at their 2015 awards gala: the Award of Excellence for Environmental Leadership & Innovation and the Award of Excellence for Safety. In January, 2015, Worley Parsons and Exxon Mobil presented our team with a letter and a plaque (which now hangs proudly in our corporate head office) in recognition of our safe and successful completion of the project. Here are a few excerpts from that letter: “The subcontract scope your company executed has set the standard for current and future subcontractors to follow, and impacted the Hebron Project in a very positive way.” “Having established a first class team in St. John’s and in Bull Arm, PHCL exceeded all the expectations in completing the scope on time, within budget, with no significant environmental incidents and, most importantly, without significant hurt or a Loss Time Incident.” “Core values of respect and integrity were evident throughout [the project] and your site leadership team is a credit to your organization.” Those are the kind of accolades that will serve to help us continue to win major contracts and grow our business. I’d like to personally thank each and every employee who has worked on or supported the Pier and Quay Remediation Project, from the bid stage right through to execution. Hewitt, P.E ng Project Man ager, Pennecon Heavy Civil Ltd. How long have you worked with Pennecon and what positions have you held? I started working with Pennecon Heavy Civil a little over one year ago. I joined the company as a Project Engineer and currently hold the position of Project Manager. What’s your technical background? I graduated from Memorial University with a degree in civil engineering. At that time there were few employment opportunities in Newfoundland, so I spent five years commuting to western and northern Canada working on the construction of diamond mines, gold mines and oil sand developments. Since coming home, I have worked on the Hebron Project, the Muskrat Falls Development and IOC’s iron ore mine. What do you like most about Pennecon? I really enjoy the challenging work and opportunities Pennecon provides its employees. Each project we’re involved with is unique, which keeps work interesting while offering me the chance to further develop my skills and meet lots of new people. What do you think is the most important value of any organization? I think it’s important for organizations to provide a workplace where employees have an opportunity to contribute to the success of the company. What inspires you? I believe with hard work I can continue to advance my career with Pennecon which will allow me to provide a good lifestyle to my two daughters. Do you have any hobbies? Spending time with my family, hockey, hunting and snowmobiling. If you won the lottery today, what would you do tomorrow? Start building a log cabin from Timber Kings. 4 THE HEBRON GBS DECK FABRICATION PROJECT Pennecon Energy is fabricating the five decks that will comprise the Hebron Gravity Base Structure (GBS) at our facility in Stephenville for our client, Kiewit-Kvaerner Contractors. The work started in April of 2014, and is expected to be complete by October of 2015. Structural Weld Completed Linear Pipe Welding Completed (16” & 20”) Welding Completed Piping Installed (16”, 20”, 32”) 6.7km + 500m + 7km 415m Project Approximately % 52 Complete 167,000+ hours to date 0 Lost Time Injuries 700+ Performance Observation Safety Tracking (POST) Cards 0 Dropped Objects 0 Property Damage Incidents 0 Environmental Recordables Note: The above statistics are accurate to mid-March, 2015 Below: Weighing 240.4 metric tons, the first of five decks we fabricated in Stephenville was recently delivered to Bull Arm and installed in the Hebron GBS. 5 6 Pennecon Heavy Civil received awards from the Heavy Civil Association of Newfoundland and Labrador (HCANL) at the annual general meeting and awards gala. Brad Cole and Deidre Puddister accepted the Award of Excellence for Environmental Leadership & Innovation from HCANL’s President Leon Howse. Pennecon Heavy Civil received awards from the Heavy Civil Association of Newfoundland and Labrador (HCANL) at the annual general meeting and awards gala. Michael O’Reilly and Brad Cole accepted the Award of Excellence for Safety from HCANL’s President Leon Howse. Pennecon Energy was recognized by the Newfoundland and Labrador Oil Industry Association (NOIA) at their annual Industry Achievement Awards for reaching a significant milestone - 30 years of membership. Don Noseworthy accepted Pennecon’s membership recognition award from NOIA’s president Bob Cadigan. Pennecon Energy was recognized by the Newfoundland and Labrador Oil Industry Association (NOIA) at their annual Industry Achievement Awards for reaching a significant milestone - 30 years of membership. Paul Stanley, Don Noseworthy and David Mitchell attended NOIA’s Industry Achievement Awards. Toni Drover, a 4th year apprentice with Local 579, recently attended two Building Trades conferences – one in Ottawa and one in Las Vegas – focused on increasing women’s participation in the trades. “I think it’s an amazing opportunity for women to join the trades – great salaries, benefits and pensions,” said Toni. Christian Somerton, Assistant Manager with Pennecon Energy Marine Base, and his team won the provincial championship in the NLBA Division I Men’s Clarence Sutton Memorial. Pennecon is proud to support this team as part of our commitment to sports and recreation in Newfoundland and Labrador. Congratulations on the big win! TRAINING AND DEVELOPMENT AT PENNECON By Sarah Constantine Have you heard the one about the CFO who asks the CEO, “What happens if we invest in developing our people and then they leave us?” And the CEO responds, “What happens if we don’t, and they stay?” At Pennecon, we view training and development of our people as an investment in not only their future, but the company’s. Continual development of our people and processes helps to improve our business, our performance, and our competitive advantage. We administer both in-house as well as outsourced training (such as seminars, courses and even graduate degree programs) that bolster our employees’ personal resumes, as well as Pennecon’s bench strength. It’s a win-win. What do you like most about the program? “The program is very interactive in online discussions and has an array of people with different types of backgrounds involved. That’s the best part for me – hearing about experiences and points of view from various industries and fields of expertise, and then being able to relate it back to my own experiences at Pennecon.” Would you recommend this program to your colleagues? “The program is not only a great fit for my current career and future aspirations, but it also fits my schedule. The online option has made it possible for me to work in the field and complete the required work load with no issues. I would recommend this program to anyone looking to gain further competency in Project Management.” Renee Saunders, Take for example Renee Saunders, a Turnover Coordinator on the Port to Plant Pipeline Project with Pennecon Energy M&M Engineering. She’s currently completing a Project Management Program through the University of British Columbia (UBC) – an online program that she believes will enhance her understanding of project environments and her effectiveness in everything from cost planning, to initiating and executing project teams, to developing client relationships. Here’s what Renee had to say about the program: Turnover Coordinator Renee holds a Mechanical Engineering Technology certificate from the College of the North Atlantic. She completed two work terms with PEMME, and has held previous Project Planning and Mechanical Field Engineer roles within our company. When she completes her Project Management Program from UBC, she intends to write the Project Management Professional (PMP) exam in pursuit of a PMP designation. What got you interested in Project Management training? Pennecon is pleased to be able to support Renee in her continuing education, and we applaud her for her pursuits. “I was first hired on with M&M Offshore in 2010 as Project Manager for piping fabrication in the shop. I loved running a project from start to finish, from bidding the work to final sign off with the client. It was a great starting point for me in my career.“ THE WHAT, WHERE, WHY AND HOW OF PENNECON’S TRAINING AND DEVELOPMENT PROGRAMS By Brenda Gaulton Pennecon’s Educational Assistance Policy supports employees who wish to pursue educational opportunities that will enhance their job performance and potential for advancement. This support comes in various forms: financial, work schedule adjustments and, in some cases, education leave. effective communications as an area for improvement for all of our employees, we partnered with Dale Carnegie to provide communication and leadership training. So far, we have had four graduating classes and the feedback has been phenomenal. The policy is designed to build on the education our employees already have and to fill current or future business needs. For example, if there was a demonstrated business case, we might support an employee in our accounting department who already holds a Business Degree in her pursuit of a Chartered Professional Accountant certification. Another example is our online training platform from an external provider, HR Downloads, which provides us with access to a large database of online training courses developed by HR professionals and designed to assist companies in enhancing employee skills in the areas of Human Resources, Health and Safety, and Leadership. Because they’re online and can be completed in short blocks of time, this platform is current, relevant and accessible. We don’t just offer training and development on an individual basis, though. We also have company-wide platforms to help improve skillsets identified through our performance review and exit interview processes. For example, when we identified Any employees at Pennecon who wish to learn more about our training and development policy and opportunities available to them are encouraged to speak with their direct supervisor and/or our Human Resources Department. 7 WHAT MAKES US A “BEST MANAGED” COMPANY? By Sarah Constantine On March 31, Pennecon Limited beat out hundreds of applicants from across the company in a rigorous evaluation of our management skills and practices. Being appointed to the ‘Gold Level Standard’ means we’re in the elite ranks of companies who have maintained their status as a Best Managed Company for four consecutive years. 4. 5. “This award belongs to everyone at Pennecon,” said David Mitchell, CEO. “It’s our 1,100 skilled and dedicated employees who give our business a sense of purpose, who have shaped our culture, and who have groomed us be the industry leader we are today.” But, what exactly does it mean to be one of Canada’s Best Managed companies? Canada’s Best Managed Companies is an award program spearheaded by CIBC and Deliotte. Here’s what representatives from both companies had to say about Pennecon’s award: For each company, it’s a little different. For Pennecon, we’ve consistently demonstrated that we excel in five key areas: 1. 2. 3. We’re continuously developing and improving our competitive advantage – especially in Health, Safety, Environment and Quality, our commitment to service excellence, and our positive corporate reputation. We’re making significant investments in innovative technology solutions. Systems like Intelex and Maesto keep us operating efficiently and help us evolve alongside our clients’ needs. We’re committed to maintaining an engaging corporate culture. It not only helps keep our employees motivated, but ensures they stay committed to Pennecon for the long haul. We’re building the next group of leaders. Through our succession planning and our training and development programs, we’ve developed a leadership pipeline that secures our future success. We continue to demonstrate a remarkable effort in terms of strategic business planning and prudent financial management. “Congratulations to the entire Pennecon team on reaching Gold status within Canada’s Best Managed Companies Program, not an easy accomplishment. This is a testament to the culture you have built within the company and the hard work and dedication of every employee. This award is one more indication that you are leaders in every field you play in. Your success is inspiring!” -Paul Janes, Partner, Deloitte Canada “I have been following the Pennecon story for several years and have no hesitation in saying that Pennecon is well deserving of this ‘Gold Level Standard’ recognition. At the heart of the Canada’s Best Managed Companies Program is the right people doing the right things with the right clients. That is exactly how I see Pennecon. Congratulations one and all!”-Rick Graham, Director and Team Lead, CIBC Commercial Banking David Mitchell, Larry Puddister, Janis Byrne and Sarah Constantine accepted Pennecon’s Best Managed Companies award at the annual gala in March OUR NEWEST CANADIAN CITIZENS Senior Project Engineer Dhiraj KC and his wife, Nagina, officially became Canadian citizens in March, 2015. “KC”, as we colloquially know him, has been working with Pennecon Energy Marine Base for 4.5 years as a Senior Project Engineer. He has a Bachelors Degree in Civil Engineering, a Masters Degree in Water Resources Engineering, a Project Management Professional designation, and is a registered member of the Professional Engineers & Geoscientists-NL (PEG-NL) and the Project Management Institute (PMI). We’re sending big congrats to KC and Nagina on their Canadian citizenship! Please forward your suggestions, comments and questions to Sarah Constantine-Layman via email to [email protected]