Suffolk Hires Experienced Airport Construction Leader Peter Cormier as SVP Field Operations National Transportation to Accelerate National Growth in Strategic Sector
Suffolk strengthens leadership team to support aviation sector as reports from Airports Council International estimate U.S. airports will require $173.9 billion in infrastructure investments over the next five years
BOSTON, May 29, 2025--(BUSINESS WIRE)--Suffolk, one of the largest and most innovative construction enterprises in the country, announced it hired Peter Cormier as the new senior vice president of field operations and national transportation. With his extensive industry background, Mr. Cormier will focus on leading Suffolk's aviation sector growth strategy with a focus on expanding the company's portfolio across major airport projects nationwide. Mr. Cormier's leadership and project experience aligns with Suffolk's aviation portfolio and commitment to operational excellence in aviation.
Mr. Cormier joins Suffolk with extensive expertise in aviation and transportation construction, as well as a variety of projects and building types. Prior to joining Suffolk, he served as project executive at Cranshaw Construction. Throughout his career, he has managed and overseen complex projects, including the Terminal B Optimization project at Boston Logan International Airport (BOS); Massachusetts Port Authority's (Massport) 2050 Garage Expansion and Economy Parking Garage; Assembly Row in Somerville, Massachusetts; the Stilling Street Office & Garage in Boston, and pre-construction efforts for Harvard University's Dunster House Renovation and Massachusetts Institute of Technology's (MIT) Brain & Cognitive Center in Cambridge, Massachusetts. In his new role, Mr. Cormier will oversee the consistent execution of Suffolk's standard operating procedures and operational excellence frameworks across all field operations to ensure projects meet the highest standards of safety, schedule and budget performance. He will also play a key role in advancing Suffolk's strategic growth in the aviation sector while contributing to project delivery and pursuit efforts nationwide.
"We are thrilled to welcome Peter to our leadership team as we strengthen our position in the aviation sector," said Sam Sleiman, Executive Vice President of National Transportation at Suffolk. "Peter brings valuable perspective to Suffolk at a pivotal time for aviation construction nationwide. As airports continue modernizing their facilities to meet growing passenger demands, Peter will be instrumental in expanding Suffolk's aviation footprint across the country."
"I am excited to join Suffolk and lead the company's aviation operations," said Mr. Cormier. "Suffolk's innovation-driven approach and operational excellence makes it a natural partner for complex airport projects. The company's philosophy resonates deeply with me, as it emphasizes an understanding of owner perspectives and needs in this specialized sector. I look forward to building on Suffolk's strong foundation and helping shape the future of aviation construction."
Suffolk's unique value proposition in the aviation sector stems from its owner-perspective philosophy, which leads to thorough understanding of the complex planning and collaboration necessary to minimize disruption to ongoing operations while meeting the demanding schedules and budgetary requirements unique to airport construction. As a national leader in managing sophisticated and complex aviation projects, Suffolk has an expansive active portfolio including Terminal C renovations and the electric central utility plant (eCup) at Dallas Fort Worth International Airport (DFW); the design-build expansion and renovation to Airsides A and E at Tampa International Airport; and a 14-gate Terminal E concourse at Southwest Florida International Airport in Fort Myers. Suffolk's work managing the modernization of Terminal E at BOS was also recognized as one of the "World's Most Beautiful Airports" from Prix Versailles and received the CMAA Project Achievement award for preconstruction and construction management services. Suffolk was also awarded the CMAA Project Excellence award for its extensive renovations and additions to the Boston Logan International Airport Terminal B to C Connector project.
On active aviation projects, including the renovation of Terminal C at DFW, Suffolk has deployed innovative technologies including drones, robotics, laser scanning, IoT sensors, and AI tools, which have delivered significant cost savings and efficiency improvements. This strategy of leveraging cutting-edge technology is helping transform the construction process for airport clients nationwide.
About Suffolk
Suffolk is a national enterprise that builds, innovates and invests. Suffolk is an end-to-end business that provides value throughout the entire project lifecycle by leveraging its core construction management services with vertical service lines that include real estate capital investment, design, self-perform construction services, technology start-up investment (Suffolk Technologies) and innovation research/development.
Suffolk – America's Contractor – is a national company with more than $6.5 billion in annual revenue, 3,000 employees, and offices in Boston (headquarters); New York City and Westchester County; Miami, West Palm Beach, Tampa and Estero in Florida; Dallas; Los Angeles, San Francisco and San Diego in California; Las Vegas; Portland, Maine; New Haven, Connecticut; Herndon, Virginia; and Salt Lake City. Suffolk manages some of the most complex, sophisticated projects in the country, serving clients in every major industry sector, including healthcare, life sciences, education, gaming, transportation/aviation, federal government and public work, mission critical, advanced technology and commercial. Suffolk is privately held and is led by Founder, Chairman and CEO John Fish. Suffolk is ranked #8 on ENR's list of "Largest Domestic Builders" and #8 on its list of "Top CM-at-Risk Contractors." For more information, visit www.suffolk.com and follow Suffolk on Facebook, Twitter, LinkedIn and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250529593408/en/
Contacts
Media Contact Information: Dan Antonellisdantonellis@suffolk.com +1 (617) 517 4232
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
Ant International Pushes AI Strategy with AI Platform for Fintechs
SINGAPORE--(BUSINESS WIRE)--Ant International, a leading global digital payment, and financial technology provider, today unveils its AI strategy with the launch of Alipay+ GenAI Cockpit, an AI-as-a-Service (AIaaS) platform that empowers fintech companies and super apps to build AI-agentic and ultimately AI-native financial services with enhanced efficiency, security, and flexibility. Making AI systemically work for finance remains the holy grail of the current AI revolution. Alipay+ GenAI Cockpit is a platform to help entrepreneurs architect an agentic and ultimately AI-native financial services, combining automated workflows and task orchestration with a dynamic enterprise context, across main fintech tasks, from payment orchestration, customer onboarding, compliance checks, to fraud detection, dispute resolution, as well as evaluation and performance optimization. 'The future of finance will be shaped by agentic AI that not only carry out tasks autonomously in real automated workflows and sophisticated financial business and compliance context with reliability, but also interact, evolve and learn rapidly in orchestration with ever-growing precision,' said Jiangming Yang, Chief Innovation Officer of Ant International. Alipay+ GenAI Cockpit has been honed on Ant International's four key business units: wallet gateway service (Alipay+), merchant payment service (Antom), cross-border business account service (WorldFirst), and embedded finance service (global treasury management, digital lending and credit tech solutions). Upon successful completion of trial runs, the first external clients in Southeast Asia and South Asia will start officially deploying the Cockpit in June 2025. Three-Pronged AI Strategy: Security, Vertical Fintech Expertise, and Platform-level Support for Agentic FinAI Combining a fintech-specific toolbox and dynamic industry knowledge base alongside business-ready AI innovations, the Cockpit embodies three key directions of Ant International's AI strategy. Security Shield for Trusted AI AI scamming threats using deepfake and other technologies have been growing over 10 folds by the year, with grave implications especially in the financial sector. Statistics show 22% of businesses have encountered AI-generated payment fraud. 1 Ant International invests heavily in AI security solutions to combat external AI scamming attacks and eliminate internal model security risks such as model hallucination or bias. Its AI SHIELD framework manages risks across system architecture designing, data processing, model training, and inferencing. It offers real-time dynamic risk assessment, including detecting adversarial prompts and sensitive data leakage through over 100 recognition models and 600,000 risk lexicons. Today, fraud loss rate in Ant International's merchant payment service is 5% of industry average. Deep Vertical Financial Expertise Alipay+ GenAI Cockpit leverages over 20 leading LLMs, including Ant International's own Falcon Time-Series-Transformer FX Model. However, it has focused on integrating fintech knowledge bases, such as bank transfer rules and dispute resolution policies, to help businesses build specialized fintech agents. The Cockpit toolbox supports retrieval-augmented generation (RAG), post-training, evaluation, and benchmarking, taking the combination of general-purpose datasets with industry-specific benchmarks developed from Ant International's financial expertise to help improve model precision. Built on the Cockpit, Antom Copilot is the world's first AI agent designed to help merchants boost conversion by streamlining the process of payment method integration, recommending optimal payment channels, and resolving common tasks like code correction and the auto-completion of merchant onboarding documents. It also allows merchants to configure risk management strategy with natural language. Full-Stack FinAI Platform Support Cockpit offers a wide selection of pre-built agents covering regular tasks including customer service, content curation for targeted marketing, and AI-assisted coding. One level up, a business can easily customize agents for more specialized scenarios such as travel advisory, tax refunds, cross-border remittance, and loyalty rewards, accelerating time-to-value across business functions. Further, the Cockpit's model context protocol (MCP) marketplace supports major MCP servers developed thus far and allows businesses to create their own MCP servers to enable autonomous task completion. It also supports flexible deployment across public clouds and on-premise environments, drawing on strategic partnerships with Google Cloud and other top-tier infrastructure providers. 'The FinAI sector is at its big-bang moment,' said Yang. 'We are eager to work with the industry to evolve and expand the toolbox as well as this ecosystem to help financial businesses scale their growth faster and better.' About Ant International With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit
Yahoo
an hour ago
- Yahoo
Ant International Pushes AI Strategy with AI Platform for Fintechs
Three-pronged AI strategy focuses on AI security, Vertical Fintech Expertise, and Full-stack AI platform support First fintech clients begin official integration in June 2025 in Southeast Asia and South Asia SINGAPORE, June 04, 2025--(BUSINESS WIRE)--Ant International, a leading global digital payment, and financial technology provider, today unveils its AI strategy with the launch of Alipay+ GenAI Cockpit, an AI-as-a-Service (AIaaS) platform that empowers fintech companies and super apps to build AI-agentic and ultimately AI-native financial services with enhanced efficiency, security, and flexibility. Making AI systemically work for finance remains the holy grail of the current AI revolution. Alipay+ GenAI Cockpit is a platform to help entrepreneurs architect an agentic and ultimately AI-native financial services, combining automated workflows and task orchestration with a dynamic enterprise context, across main fintech tasks, from payment orchestration, customer onboarding, compliance checks, to fraud detection, dispute resolution, as well as evaluation and performance optimization. "The future of finance will be shaped by agentic AI that not only carry out tasks autonomously in real automated workflows and sophisticated financial business and compliance context with reliability, but also interact, evolve and learn rapidly in orchestration with ever-growing precision," said Jiangming Yang, Chief Innovation Officer of Ant International. Alipay+ GenAI Cockpit has been honed on Ant International's four key business units: wallet gateway service (Alipay+), merchant payment service (Antom), cross-border business account service (WorldFirst), and embedded finance service (global treasury management, digital lending and credit tech solutions). Upon successful completion of trial runs, the first external clients in Southeast Asia and South Asia will start officially deploying the Cockpit in June 2025. Three-Pronged AI Strategy: Security, Vertical Fintech Expertise, and Platform-level Support for Agentic FinAI Combining a fintech-specific toolbox and dynamic industry knowledge base alongside business-ready AI innovations, the Cockpit embodies three key directions of Ant International's AI strategy. Security Shield for Trusted AIAI scamming threats using deepfake and other technologies have been growing over 10 folds by the year, with grave implications especially in the financial sector. Statistics show 22% of businesses have encountered AI-generated payment fraud.1 Ant International invests heavily in AI security solutions to combat external AI scamming attacks and eliminate internal model security risks such as model hallucination or bias. Its AI SHIELD framework manages risks across system architecture designing, data processing, model training, and inferencing. It offers real-time dynamic risk assessment, including detecting adversarial prompts and sensitive data leakage through over 100 recognition models and 600,000 risk lexicons. Today, fraud loss rate in Ant International's merchant payment service is 5% of industry average. Deep Vertical Financial ExpertiseAlipay+ GenAI Cockpit leverages over 20 leading LLMs, including Ant International's own Falcon Time-Series-Transformer FX Model. However, it has focused on integrating fintech knowledge bases, such as bank transfer rules and dispute resolution policies, to help businesses build specialized fintech agents. The Cockpit toolbox supports retrieval-augmented generation (RAG), post-training, evaluation, and benchmarking, taking the combination of general-purpose datasets with industry-specific benchmarks developed from Ant International's financial expertise to help improve model precision. Built on the Cockpit, Antom Copilot is the world's first AI agent designed to help merchants boost conversion by streamlining the process of payment method integration, recommending optimal payment channels, and resolving common tasks like code correction and the auto-completion of merchant onboarding documents. It also allows merchants to configure risk management strategy with natural language. Full-Stack FinAI Platform SupportCockpit offers a wide selection of pre-built agents covering regular tasks including customer service, content curation for targeted marketing, and AI-assisted coding. One level up, a business can easily customize agents for more specialized scenarios such as travel advisory, tax refunds, cross-border remittance, and loyalty rewards, accelerating time-to-value across business functions. Further, the Cockpit's model context protocol (MCP) marketplace supports major MCP servers developed thus far and allows businesses to create their own MCP servers to enable autonomous task completion. It also supports flexible deployment across public clouds and on-premise environments, drawing on strategic partnerships with Google Cloud and other top-tier infrastructure providers. "The FinAI sector is at its big-bang moment," said Yang. "We are eager to work with the industry to evolve and expand the toolbox as well as this ecosystem to help financial businesses scale their growth faster and better." About Ant InternationalWith headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit ____________________ 1 View source version on Contacts Media Contact Ant InternationalJanice
Business Wire
2 hours ago
- Business Wire
Northern Saskatchewan Operations Update
SASKATOON, Saskatchewan--(BUSINESS WIRE)-- Cameco (TSX: CCO; NYSE: CCJ) is continuing its operations at its northern Saskatchewan sites amidst wildfires that are impacting parts of the province. Currently, there are no fires in the vicinity of Cameco's operations at Cigar Lake, Key Lake, McArthur River and Rabbit Lake. There is no risk to our sites, and they remain safe for staff. Orano's McClean Lake mill remains operational. We are managing some temporary disruptions due to wildfires impacting power and communication services to our operations. Road closures have also impeded some deliveries to sites. Most importantly, Cameco has many employees who are from northern communities threatened by wildfires or under evacuation orders. We are accommodating their requests to leave site to tend to family and provide aid to their home communities. As our sites continue to operate, the safety of our staff is our top priority. We are taking measures to minimize the impact of the disruptions, including making operational adjustments as we manage the availability of employees. At this time, our annual production target remains unchanged. Caution about forward-looking information This news release includes statements and information about our expectations for the future, which we refer to as forward-looking information. Forward-looking information is based on our current views, which can change significantly, and actual results and events may be significantly different from what we currently expect. Examples of forward-looking information in this news release include: the proximity of wildfires to Cameco's operations; risks of wildfires to our sites and the safety of our staff; temporary disruptions to power, communications systems and roads due to wildfires; accommodation of employee requests to leave site to tend to family and provide aid to their home communities; operational adjustments; and annual production targets. Material risks that could lead to different results include: spread of wildfires to the vicinity of our operations; increased disruptions to power, communication services and road access due to wildfires; increased employee requests to leave site due to wildfires; the risk that we may not be able to achieve planned production levels within the expected timeframes, or that the costs involved in doing so exceed our expectations; risks related to JV Inkai's development or production, including the risk that JV Inkai is unable to transport and deliver its production; and the risks to our business associated with potential production disruptions, including those related to wildfires, global supply chain disruptions, global economic uncertainty, political volatility, labour relations issues, and operating risks. In presenting the forward-looking information, we have made material assumptions which may prove incorrect about: the spread of wildfires; our production, purchases, sales, deliveries and costs; the market conditions and other factors upon which we have based our future plans and forecasts; Inkai production and, our allocation of planned production and timing of deliveries; the success of our plans and strategies, including planned production; the absence of new and adverse government regulations, policies or decisions; that there will not be any significant adverse consequences to our business resulting from production disruptions, including those relating to wildfires, supply disruptions, economic or political uncertainty and volatility, labour relation issues, aging infrastructure, and operating risks. Please also review the discussion in our 2024 annual MD&A and most recent annual information form for other material risks that could cause actual results to differ significantly from our current expectations, and other material assumptions we have made. Forward-looking information is designed to help you understand management's current views of our near-term and longer-term prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws. Profile Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada. As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.
