North American Construction Group (NOA) Announces Change in Leadership

The share price of North American Construction Group Ltd. (NYSE:NOA) fell by 2.95% between January 16 and January 23, 2026, putting it among the Energy Stocks that Lost the Most This Week.

North American Construction Group (NOA) Announces Change in Leadership

North American Construction Group Ltd. (NYSE:NOA) provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company offers mine management services for a thermal coal mine, and construction and operations support services in the Canadian oil sands region.

North American Construction Group Ltd. (NYSE:NOA) announced a significant leadership change on January 21, with Joe Lambert resigning from his position as President and CEO to ‘pursue other opportunities’. Moreover, the company revealed that its COO, Barry Palmer, has assumed the role of President and CEO effective immediately. Meanwhile, NOA is assessing both internal and external candidates to permanently assume the leadership role.

Martin Ferron, Chairman of the Board of Directors, commented:

“I would like to take this opportunity to thank Mr. Lambert for his dedication and loyalty to the Company. During his tenure, Joe successfully led the Company to new levels of geographic and commodity diversification while also navigating through unprecedented challenges. In no small part due to his leadership, NACG is now very well positioned to be a strong competitor in the civil construction, mining and earthworks markets throughout North America and Australia. I wish Joe all the best in his future endeavors.”

North American Construction Group Ltd. (NYSE:NOA) announced last month that it had signed a C$115 million deal to buy Iron Mine Contracting in Western Australia, strengthening its presence in the country’s thriving mining industry. The company confirmed that, despite the leadership change, the closing activities for the deal remain on schedule, with a targeted closing this quarter.

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