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5, though he will stay on with an advisory role to both the board and the CEO.SNC Lavalin Group Inc’s stock falls most in three years, but CEO says operations ‘a lot more on track’SNC Lavalin Group Inc fraud case postponed again until OctoberRaymond James analyst Frederic Bastien said that although he saw Bruce COO appointment as a signal he was being groomed to helm SNC, he was surprised that Card chose to resign at this moment: while legal proceeding have not been resolved, the company last reported weak earnings last quarter and the sale of Ontario Highway 407 remains unresolved.the end of the day it just a signal that tells you how complex of an endeavour it has been to really turn this company around after all the damage that hit them, Bastien said, adding that he is one of the few analysts who is neutral on the company, with a $43 target price.probably never a good time to leave because this company is still very much in transition. Said both Card and the SNC board of directors agreed it was the right time to make this leadership change.The 55 year old Bruce started working with SNC in January 2013 and has led the company mining and metallurgy and oil and gas businesses, including the acquisition of Kentz Corp Ltd.He was named COO of the 40,000 employee company in April 2015.The position of COO will not be refilled and the presidents of the company four business sectors will continue to report to Bruce.was a position, frankly, put in place to help us with operational execution. It was also one put in place so that the board of directors could have more direct visibility to Neil Bruce as a lead candidate to become the CEO, Stevenson said.In February, the RCMP laid corruption and bribery charges against SNC over the dealings of former employees and its subsidiaries with the regime of Libya Moammar Gadhafi.

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