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Theodor Urena

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Aug 4, 2024, 4:56:12 PM8/4/24
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Spains move to reopen a criminal case against Russian billionaire Mikhail Fridman and two of his associates over their alleged role in the deliberate bankruptcy of a Spanish tech firm was a "technical error," a judge said Thursday.

In a letter cited by Deutche Welle the next day, judge Manuel Garca-Castelln explained that the motion to summon Kudryashov and Azarenkov was the result of a "technical error." He said the two men's summons had been annulled, leaving "the agreed proceedings without effect."


Founded in 1998 in Madrid, Zed Worldwide developed and sold valued-added services for mobile telephone operators. It made a fortune with premium SMS services and Commandos, a real-time military tactics video game.


Then in 2014, telecoms firm Vimpelcom, which is also controlled by Fridman, abruptly canceled or changed its contracts with one of Zed Worldwide's Russian subsidiaries, depriving it of significant revenues, prosecutors say.


We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."


These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.


Adtycoons is a service marketing and technology operations provider specializing in Ad Operations, Creative Production, Technical Support, Data Analytics and more. As a premier digital media services agency, we offer expert media operations, data analytics, creative and campaign optimization, as well as ancillary business finance services to advertisers, publishers and ad tech platforms across the globe.


We provide strategic and technical services to drive performance for advertisers, brands and agencies. At the same time, we also work to drive yield, fill rates and campaign success for publishers and ad tech platforms.


AECOM traces its origins to Kentucky-based Ashland Oil & Refining Company, which in turn grew out of Swiss Drilling Company, founded in Oklahoma in 1910 by J. Fred Miles. He gained control of some 200,000 acres and formed Swiss Oil Company in Lexington. In 1924, Miles launched a refining operation called Ashland Refining Company, headed by Paul Blazer. While the parent company struggled, leading to the ouster of Miles, Ashland prospered under Blazer's leadership, and in 1936, he was named chief executive officer of the reorganized company, Ashland Oil & Refining Company. In 1966, Ashland acquired Warren Brothers and became involved in highway construction and construction materials. The company was able to take advantage of refinery byproducts to produce asphalt. Ashland grew into one of the nation's major road-construction firms, and laid a foundation for AECOM. Through a series of acquisitions and technological developments, Ashland grew to include chemical, petrochemical, highway construction, and construction materials firms within its realm, laying the groundwork for a management buyout of Ashland Technology in 1985.[9]


In the 1970s, Ashland Oil & Refining became Ashland Oil, Inc. Five years later the company consolidated its construction assets into a construction division and also formed a coal subsidiary, indicative of a changing focus at Ashland. Although it generated more than $1 billion a year in sales, Ashland was a small player in the oil industry at a time when the cost of exploration was prohibitively expensive. By 1980, Ashland sold its production assets, and a year later was reorganized as a modified holding company. A new corporate strategy was implemented as Ashland now focused on refining and marketing and sought to grow its non-refining businesses. In 1984, Ashland acquired Daniel, Mann, Johnson & Mendenhall (DMJM), a global provider of transportation-related engineering services. Originally focused on military projects, after World War II it had become one of the first integrated engineering and architectural firms in the western United States. The acquisition of DMJM also included its president, Richard G. Newman. In 1985, DMJM became part of a new subsidiary, Ashland Technology Corporation. Two years later Newman was named its new chief executive and president.[10]


When Ashland chose to return to its core petroleum refining business in the late 1980s, Newman recommended an employee buyback proposal, resulting in the spin-off of Ashland Technology and the creation of AECOM (Architecture, Engineering, Construction, Operations, and Management) in 1990.[11] The company went on to acquire a number of engineering, design and planning firms including engineering company Maunsell, urbanism and sustainability practice EDAW, Economic Research Associates (ERA), environmental management firm ENSR and The RETEC Group Inc., architects Ellerbe Becket[12] and Davis Langdon, the quantity surveyors and construction consultants.[13]


AECOM went public during May 2007 with an initial public offering on the NYSE, netting $468.3 million.[16] On January 8, 2008, AECOM acquired The Services Group, Inc., a provider of consulting services to the US Agency for International Development and other multi-lateral donor organizations. On July 28, 2008, AECOM completed its purchase of Earth Tech Inc., a consulting and engineering firm, from Tyco International for $510 million.[17][18] On July 14, 2010, AECOM announced its acquisition of Tishman Construction Corp., a leading provider of construction management services in the United States and the United Arab Emirates, in a $245 million transaction including $202 million in cash and the remainder in AECOM common stock.[19] On July 13, 2014, AECOM announced its acquisition of URS Corporation, an engineering, construction, and technical services firm for US$56.31 per share in cash and stock.[20][21] Effective July 10, 2014, it acquired ACE International Consultants SL, a Madrid-based provider of consulting services. In July 2014, it acquired Hunt Construction Group, adding to AECOM's construction services business.[22] In July 2017, AECOM acquired Shimmick Construction Company.[23] Officials at the Golden Gate Bridge, Highway and Transportation District blamed the acquisition for delaying construction of a safety barrier at the bridge by 2 years.[24]


In October 2019, AECOM announced plans to sell their Management Services division to private equity firm American Securities LLC and Lindsay Goldberg for $2.405 billion.[25][26] Management Services provides services and support to governmental clients including the Department of Energy and Department of Defense. On January 31, 2020, this transaction was completed with the new company being called Amentum.[27] In October 2020, AECOM announced the sale of its Power construction business to private equity firm CriticalPoint Capital.[28] In December 2020, AECOM announced the sale of its Civil construction business, including Shimmick Construction, to private equity firm Oroco Capital, which completed January 5, 2021.[29] AECOM explained these divestitures as a "transformation into a higher-margin, lower-risk Professional Services business".[28]


The company has worked on megaprojects including the Sutong Yangtze River Bridge (the world's longest cable-stayed bridge), One World Trade Center (the tallest tower in the Western Hemisphere), as well as some of the largest sports venues, ports, and disaster recovery programs in the world.[30]


AECOM's first president and CEO was Richard G. Newman, who came to Ashland through its acquisition of Daniel, Mann, Johnson & Mendenhall (DMJM). Under Ashland Oil's ownership, he was president and chief operating officer of DMJM from October 1985 to December 1988. While president of Ashland Technology Corp. from December 1988 until May 1990, Newman was instrumental in taking it from a division of Ashland Oil to an independent company. He was president when the company changed its name to AECOM Technology Corporation in April 1990. Newman was president until 1993, and then chairman, president and CEO from May 1993 to October 2000, and chairman and CEO from 2000 to 2005.[31]


In October 2005, John M. Dionisio succeeded Newman as president and CEO of AECOM.[31] In 2011, Dionisio became chairman of the company.[32] Dionisio had previously served as COO from October 2003 to October 2005 and president and CEO of the subsidiary DMJM+Harris from October 2000 to October 2003.[31]


In November 2019, AECOM announced that Burke would retire as chairman and CEO. The change was announced to be effective after either the next annual meeting or completion of the search for a replacement. At the same time, AECOM said that the board of directors would be expanded to include representatives of activist-shareholder Starboard Value, the fifth largest shareholder.[38][39] Amid market speculation that AECOM would be acquired by WSP Global,[40][41] AECOM announced the selection of W. Troy Rudd to be CEO. The change will be effective as of October 1, 2020[update]. Before his appointment as CEO, Rudd served as CFO for the company. The announcement included naming Lara Poloni as the new president.[42] The announcement resulted in the resignation of the Starboard Value board member in protest over the selection.[43] AECOM was included on Fortune's list of the world's most admired companies in 2024.[44]


AECOM provides Archaeology, Architecture & Design, Urban Planning, Landscape Architecture, Asset Management, Construction, Cost Management, Decommissioning & Closure, Economics, Engineering, Environmental Services, International Development, IT & Cyber Security, Operations & Maintenance, Planning & Consulting, Program Management/Construction Management, Risk Management & Resilience and Technical Services.[45]


AECOM is headquartered in Dallas,[46] Texas, United States, with clients in more than 150 countries. The company reported a revenue of US$17.4 billion during the 12 months that ended September 30, 2016.[47]

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