Krause brings more than 20 years of A/E/C industry operations, business development and strategy experience
BALTIMORE, Aug 7, 2020 – Jensen Hughes, a global leader in safety, security and risk-based engineering and consulting, today announced the hiring of Michael Krause as the new Vice President Operations for Canada. Krause is a senior operations, sales and business development executive who is well-known across the global engineering, procurement and construction (EPC) nuclear energy market. He joins Jensen Hughes from the global EPC services firm, SNC-Lavalin, where he most recently led all business development efforts for its global nuclear business on the fleet of CANDU 6 reactors.
“We were searching for a leader who can bring both a depth of experience in building our Canadian portfolio of consulting and engineering services as well as a pioneering spirit,” said Pankaj Duggal, President + Chief Operating Officer, Jensen Hughes. “Michael has held progressive leadership positions in prominent global firms, driving sales growth strategies while managing global customer portfolios. We are excited to have someone of his caliber join our team and very much look forward to his contribution in our Canadian growth.”
Krause has played critical executive roles leading business development, as well as managing the key financial targets and profitability on the Operations side. In his 20+ year career at firms such as Consolidated Energy Solutions Inc., IMI Newman Hattersley Limited, Bantrel Co. Canada and Atomic Energy of Canada Limited, he was responsible for leading and supporting business pursuits for major refurbishment and nuclear services contracts in Canada, South Korea, Argentina, Romania and China.
“I’m honored to take on the role of Vice President Operations in Canada. In this new position, I will have the opportunity to bring my experience driving growth on the top line, as well as operational expertise to help Jensen Hughes expand their foothold across multiple Canadian markets” says Krause. “I look forward to building upon the company’s current success of technical excellence and strengthening the client experience.”
About Gryphon Investors
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $5 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $100 million to $300 million in portfolio companies with sales ranging from approximately $100 million to $500 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise. For more information, visit www.gryphoninvestors.com.