Fluor Announces Executive Transition Plan
09 March 2017 - 10:03AM
Business Wire
Peter Oosterveer to Retire March 31, 2017;
Biggs Porter to Retire by Year-end
Fluor Corporation (NYSE: FLR) announced today that Peter
Oosterveer, Fluor’s chief operating officer, will retire from the
company effective March 31, 2017. In addition, the company
announced that Biggs Porter, chief financial officer, has elected
to retire by year-end.
Oosterveer leaves the company after 28 years of service in a
variety of roles. Prior to being named chief operating officer, he
led the company’s Energy & Chemicals business. Oosterveer will
return home to the Netherlands, where he will assume a role in
another company outside of Fluor.
“Our leaders pay special attention to succession planning at all
levels of the company, and it has been an ongoing part of our
dialogue and planning since our transformation began in 2011,” said
David Seaton, chairman and chief executive officer. “I thank Peter
for his service and dedication to Fluor and wish him well in the
future.”
Porter has led Fluor’s finance, audit, investor relations,
compliance and ethics, and mergers and acquisitions functions as
chief financial officer since joining the company in May 2012. A
search for his replacement is underway, and he will remain in his
role until a successor is named.
“Biggs has been a tremendous asset to our company for the past
five years,” said Seaton. “His expertise and strategic leadership
have been instrumental in strengthening our company’s financial
foundation. We thank him for his service and look forward to his
continued leadership through year-end.”
“It has been a privilege to serve as Fluor’s chief financial
officer alongside its exceptional management team and world-class
employees,” Porter said. “I am confident that this is the right
time to begin the transition to a new CFO who will help drive the
next phase of growth at Fluor. I look forward to working with David
through the end of the year to achieve an orderly transition of
responsibilities.”
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering,
procurement, fabrication, construction and maintenance company that
designs, builds and maintains capital-efficient facilities for its
clients on six continents. For more than a century, Fluor has
served its clients by delivering innovative and integrated
solutions across the globe. With headquarters in Irving, Texas,
Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion
in 2016 and has more than 60,000 employees worldwide. For more
information, please visit www.fluor.com or follow us on Twitter
@FluorCorp.
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Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff
Telfer, 469-398-7070orJason Landkamer, 469-398-7222
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