KBR Senior Vice President and Chief Financial Officer Announces Retirement
August 28 2009 - 5:10PM
Business Wire
KBR (NYSE:KBR) today announced that T. Kevin DeNicola, Senior
Vice President and Chief Financial officer will step down from his
post effective with the filing of the company’s third quarter 10-Q.
Following that date DeNicola will remain with KBR in a reduced
capacity to assist with the transition to a new CFO. DeNicola is
leaving the company to spend more time with his family and to
pursue interests in the emerging alternative fuels industry.
“During my time with KBR, I was particularly proud of the
improvements we made in the design and effectiveness of the
financial organization. However, after six plus year as a Chief
Financial Officer at two Fortune 250 companies, I wish to focus the
next chapter of my career pursuing venture capital opportunities in
the alternative fuels area,” said DeNicola.
“Kevin made significant contributions to improving the
transparency of our financial reporting, strengthening cash flow
management, and reducing our overall cost structure. We appreciate
Kevin’s contributions during his time at KBR and wish him success
going forward,” said William P. Utt, KBR Chairman, President and
CEO.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services and civil
infrastructure sectors. For more information, visit
www.kbr.com.
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