Fluor Corporation Board of Directors Confirms Appointment of Carlos Hernandez as Chief Executive Officer
May 16 2019 - 6:32PM
Business Wire
Appoints John Reynolds as Chief Legal
Officer
Fluor Corporation (NYSE: FLR) announced today that its board of
directors has confirmed the appointment of Carlos M. Hernandez as
chief executive officer (CEO) and named him a member of the board
of the company. Hernandez was named as Fluor’s interim chief
executive officer on May 1, 2019, in line with the company’s
established succession plan following David T. Seaton stepping
down. The board of directors also named John R. Reynolds as the new
chief legal officer of Fluor.
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Fluor confirms Carlos Hernandez as its
Chief Executive Officer (Photo: Business Wire)
“Fluor’s board of directors is pleased to confirm Carlos’
appointment as our CEO,” said Alan Boeckmann, Fluor’s executive
chairman. “We have great confidence in Carlos and trust that he
will provide the strong leadership necessary to support the next
phase of Fluor’s growth and future success,” Boeckmann said.
“Carlos’ engineering and legal background, combined with his 12
years successfully serving in executive leadership roles at Fluor,
makes him uniquely qualified to lead the company and our team of
talented global professionals. I look forward to working closely
alongside and supporting Carlos as Fluor’s executive chairman.”
“I am honored and excited for this unique opportunity to lead
Fluor, a company with more than 100 years of global leadership in
our sector, a reputation for excellence and the best talent in the
industry,” said Hernandez, Fluor’s CEO.
“While I recognize our challenges, first and foremost, I believe
the underlying business fundamentals are strong. Currently, most of
our projects are profitable, and my immediate priority will be to
ensure we have appropriately applied our project governance review
methodology and fully identify the underlying issues on the few
projects that have contributed to recent underperformance,”
Hernandez said. “Alongside this priority, I will work closely with
the Fluor senior management team as we conduct a comprehensive
strategic review of the company’s business and operations, a
process which is now underway. I look forward to reporting back and
providing an update on our strategic review when we report second
quarter results,” Hernandez said.
“I am pleased to announce John Reynolds as Fluor’s new chief
legal officer,” said Hernandez. “John’s 30-plus years with Fluor
and extensive experience across all of our markets will serve the
company well.”
Fluor expects to share the results of its strategic review in
conjunction with the announcement of its second quarter 2019
financial results scheduled for August 1, 2019.
As Fluor’s executive chairman, Alan Boeckmann will provide
leadership for Fluor’s board of directors. In addition, building on
his long-standing history within the company, Boeckmann will serve
as a strategic partner and advisor to Hernandez, with availability
to provide counsel around issues of strategic importance including
client and investor relationships and long-term succession
planning.
About Fluor Corporation
Founded in 1912, Fluor Corporation (NYSE: FLR) is a global
engineering, procurement, fabrication, construction and maintenance
company that transforms the world by building prosperity and
empowering progress. Fluor serves its clients by designing,
building and maintaining safe, well executed, capital-efficient
projects around the world. With headquarters in Irving, Texas,
Fluor ranks 164 on the Fortune 500 list with revenue of $19.2
billion in 2018 and has more than 53,000 employees worldwide. For
more information, please visit www.fluor.com or follow Fluor on
Facebook, Twitter, LinkedIn and YouTube.
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Brian MershonMedia Relations469.398.7621
Jason LandkamerInvestor Relations469.398.7222
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