Bill Lingard has resigned from his position as URS President and Chief Operating Officer, effective Feb. 10. URS announced Lingard’s resignation along with the release of the company’s preliminary Fiscal Year 2013 financial results, which came in below expectations. “We are extremely disappointed with the Company’s fourth quarter financial performance, which fell significantly short of our expectations,” URS Chairman and CEO Martin Koffel said in a release, adding, “Execution issues in our new Oil & Gas Division, which were identified during a review of the fourth quarter of 2013, led to a significant deterioration in project earnings. We also experienced project delays caused, in part, by the residual effects of lower than expected natural gas prices and pipeline capacity.”
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