VECO
| Former Private Company | |
| Industry | Energy, chemical, and process industries |
| Founded | Wilmington, Delaware (1979) |
| Founder | William J. (Bill) Allen |
| Headquarters | Anchorage, Alaska, USA |
|
Area served
|
Worldwide |
|
Key people
|
Now a part of CH2M HILL. Former executives included Tammy Kerrigan, Interim CEO Peter Leathard, president & COO Roger Chan, EVP & CFO |
| Services | engineering, design/build, construction, project management, procurement, operations and maintenance services |
| Owner |
CH2M HILL. Formerly owned by Allen Limited Partnership (62%) Tammy Kerrigan Revocable Trust (17%) Leathard Limited Partnership (10%) Roger Chan (6%) Bill Allen (5%) |
|
Number of employees
|
4,000 (2007) |
| Subsidiaries | Commonwealth Construction VECO Construction Norcon ECC-VECO VECO Federal VECO Gas Technologies, Inc. RTX Inc. |
| Website | www.veco.com |
VECO Corporation was an Alaska-based oil pipeline service and construction company until its purchase in September 2007 by CH2M HILL. As of that date, the VECO Corporation ceased to exist. Founded in 1968 as Veltri Enterprises by Wayne Ray Veltri, renamed VE Construction after being bought in 1970 by Bill Allen and in 1979 to the current VECO Corp. The company grew to become a major player in the Alaskan oil industries' support. VECO also was a worldwide player in the oil industry, having divisions in many major oil markets.
On March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef, spilling eleven million gallons of crude oil into the waters of Prince William Sound. The Exxon Valdez oil spill was the largest in United States history.
VECO was responsible for large parts of the spill's clean up, hiring 2,500 workers to clean up the environmental disaster.
VECO's Ex CEO, Bill Allen, paid for the publishing of the "Voice of the Times," a half page counterpoint to the Anchorage Daily News which was published within the pages of the latter. The Voice of the Times is what remains of the Anchorage Times, a newspaper which went out of business due to competition from the Anchorage Daily News in 1992.
In accordance with an agreement reached between the former editors of the Anchorage Times and the Anchorage Daily News, space was provided for the Times' editors to provide a counterpoint to the Anchorage Daily News. From 1992 until 2002, the Anchorage Daily News provided this space for free. In 2002 the agreement was renewed for five years, but the "Voice of the Times" was required to pay for the space as though it was advertising.
On May 9, 2007 the Anchorage Daily News announced it would end the arrangement at months end, and it would cease publishing the Voice of the Times. Although ADN publisher Mike Sexton said the decision had been made a week prior, he was quoted a few days before this announcement as saying the situation was still under review. The Voice of the Times now exists as a blog.
On August 31, 2006 officers with the Federal Bureau of Investigation and the Internal Revenue Service raided the offices of several prominent members of the Alaska Legislature. Raided were the offices of Sen. John Cowdery (R-Anchorage), Senate President Ben Stevens (R-Anchorage), Rep. Vic Kohring (R-Wasilla), Rep. Bev Masek (R-Willow), Rep. Bruce Weyhrauch (R-Juneau), Sen. Don Olson (D-Nome), and Rep. Pete Kott (R-Eagle River). The investigation involved allegations of illegal gifts to law makers from VECO. Senator Olson was never charged but it was found he had turned down illegal campaign assistance.
...
Wikipedia