Make us your home page
Instagram

Following foreign payoff inquiry, PBSJ leader to step down as CEO

The boss of Tampa's PBSJ Corp., a major engineering firm that is among Florida's biggest government contractors, will step down as chief executive.

John Zumwalt, 58, announced the decision in a letter last week to employees, weeks after disclosures about an internal investigation into a subsidiary's possible illegal payoffs in foreign countries.

"After a decade of my executive leadership through the best of times and through difficult times, it is now time to plan for an orderly transition to a new CEO," Zumwalt wrote. He will continue as chairman of PBSJ's board of directors and remain as chief executive until a replacement is found, which will be no later than Sept. 30.

A company employee since 1973 and executive for the past decade, Zumwalt decided to give up the job as part of a strategic plan released last year, said C.L. Conroy, a spokeswoman. His departure was announced in advance of a shareholder meeting next week, she said.

Conroy said the move "has nothing to do" with news of the bribery allegations revealed by the company in a Dec. 30 filing with the Securities and Exchange Commission.

The company's board is investigating whether subsidiary PBS&J International violated any laws, including the Foreign Corrupt Practices Act, in connection with projects "in certain foreign countries." The act forbids payoffs to receive or keep business.

PBSJ said in a subsequent filing that the investigation "does not suggest that any violation extends beyond the international operations or that members of our executive management were involved in the illegal conduct."

PBSJ moved its headquarters to Tampa from Miami in 2006 amid a widely reported $36 million embezzling scheme.

The employee-owned company provides infrastructure planning, engineering, construction management, architecture and program management services to government and private clients.

Steve Huettel can be reached at huettel@sptimes.com or (813) 226-3384.

Following foreign payoff inquiry, PBSJ leader to step down as CEO 02/03/10 [Last modified: Thursday, February 4, 2010 7:08am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Tampa is 15th-most popular city to move to with U-Haul

    Markets

    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall

    Business

    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages

    Business

    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel

    Business

    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.