Oct 21 2009
Mayor Villaraigosa Praises Tutor’s Decision as a “Great Day for Jobs in Los Angeles”
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today formally announced that it has moved its world headquarters to Los Angeles at a celebration attended by Los Angeles Mayor Antonio Villaraigosa and leaders from business groups, union labor groups, and community organizations.
Following the merger between Tutor-Saliba Corporation and Massachusetts-based Perini Corporation, Tutor Perini’s Chairman and CEO Ronald N. Tutor made the decision to move the world headquarters to the San Fernando Valley of Los Angeles. The combined company, which generated over $5.6 billion in revenues in 2008, has relocated from the Boston area, where Perini had been headquartered for more than a century.
“I believe in Los Angeles,” said Tutor, a Los Angeles native and son of Armenian immigrants who built the company from a small local builder into one of the world’s largest construction companies. “I’m proud of the contributions we’ve made to the Los Angeles economy and I’m looking forward to bringing more jobs and infrastructure improvements to my hometown.”
Tutor added: “I want to thank the people of Los Angeles, and particularly Mayor Villaraigosa for his focus on economic development and his personal role in encouraging Tutor Perini to make Los Angeles its home.”
“This is a great day for jobs in Los Angeles,” said Mayor Villaraigosa. “Tutor Perini is responsible for many of our city’s most significant and successful public works projects, from the LEED Gold certified Police Headquarters to the runway expansion at Los Angeles International Airport,” added the Mayor. “Thank you Ron Tutor for believing in Los Angeles.”
Recognizing the important benefits of Tutor Perini’s decision, Mayor Villaraigosa presented Mr. Tutor with a commendation praising his leadership and thanking Tutor Perini for choosing Los Angeles.
Tutor Perini’s decision could lead to thousands of jobs for LA and California in the coming years. At any one time, as many as 3,000 salaried staff and 25,000 skilled craftsmen work on Tutor Perini projects. The company recently completed the $234 million Los Angeles Police headquarters building ahead of schedule and under budget.
Source: https://www.tutorperini.com/