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Press release from CNW Group

McKibbon appointed Chief Operating Officer of Aecon

Tuesday, March 08, 2011

McKibbon appointed Chief Operating Officer of Aecon18:00 EST Tuesday, March 08, 2011TORONTO, March 8 /CNW/ - Aecon Group Inc. (TSX: ARE) today announced the appointment of Terrance L. McKibbon as Chief Operating Officer of Aecon Group Inc.Mr. McKibbon, who has been Executive Vice President of Aecon Group, and CEO of Aecon's Infrastructure division since 2005, will assume leadership of Aecon's operations across the company, reporting to Chairman and CEO, John M. Beck."Teri is an outstanding executive, and one of the strongest operational leaders I've worked with in all my years in this industry," said John M. Beck. "The combination of Teri's proven abilities and his deep understanding of our business makes this a very logical step for Aecon, our clients and our shareholders."Mr. McKibbon, 47, has been with Aecon since 1996. Since his appointment as CEO of Aecon's Infrastructure Group in 2005, the Infrastructure business has grown by an average of 20% per year through strategic organic and geographic growth into new markets, as well as a series of successful acquisitions. Throughout his time at Aecon, businesses under Mr. McKibbon's leadership have had a consistent record of strong financial performance.  Mr. McKibbon is a Trustee of the Labourers International Union of North America, based in Washington D.C., and the Operating Engineers Local 793 Training Fund, based in Ontario. He is a former President of the Canadian Pipeline Contractors Association and the Ontario Hot Mix Producers Association, and a former Board member of the Ontario Road Builders and Utility Contractors Associations.Paul P. Koenderman, Executive Vice President of Aecon Group Inc. and previously CEO of Aecon's Industrial Group, remains Executive Vice President, and assumes the position of Executive Chairman of the Industrial Group. Mr. Koenderman continues to report to Mr. Beck, with responsibility for Aecon subsidiary, Innovative Steam Technologies, and for strategic planning, business development and partnering within the Industrial Group, among other responsibilities. Aecon Concessions and Aecon's corporate departments will continue to report to Mr Beck.Aecon Group Inc. is Canada's largest, publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and on a selected basis internationally. Aecon is pleased to be recognized as one of the Best Employers in Canada as published by Maclean's Magazine.The information in this press release includes certain forward-looking statements. These "forward-looking" statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. In addition to general global events outside Aecon's control, there are factors which could cause actual results, performance or achievements to vary from those expressed or inferred hereinincludingrisks associated with an investment in the common shares of Aecon and the risks related to Aecon's business, including Large Project Risk and Contractual Factors. Risk factors are discussed in greater detail in the section on "Risk Factors" in the Final Short Form Prospectus filed on October 1, 2010 and available at Forward-looking statements include information concerning possible or assumed future results of operations or financial position of Aecon, as well as statements preceded by, followed by, or that include the words "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or similar expressions. Important factors, in addition to those discussed in this document, could affect the future results of Aecon and could cause those results to differ materially from those expressed in any forward-looking statements.For further information: Mitch Patten Senior Vice President Corporate Affairs Aecon Group Inc. 416-297-2615