Fluor Corporation Appoints Alan Boeckmann President and Chief Operating Officer

January 15, 2001

In a move designed to capitalize on its growing market opportunities, Fluor Corporation (NYSE: FLR) today announced that Alan Boeckmann has been appointed president and chief operating officer, effective February 1, 2001.

Boeckmann, who currently serves as president and chief executive officer of Fluor Daniel, one of Fluor's primary business enterprises, will be responsible for all business operations of the corporation, as well as finance, human resources and communications.

Philip J. Carroll Jr., chairman and chief executive officer, will retain overall responsibility and accountability for the corporation. Details concerning related management and organizational realignment activities at Fluor will be announced as they occur.

"Mr. Boeckmann was chosen for this new post because of his in-depth knowledge of the industries in which we operate and his long and distinguished track record of success," said Carroll. "This appointment is part of a logical progression in the development of the 'new' Fluor."

With the reverse spin of Massey Coal successfully completed last month, Carroll said the company focus must now be on establishing predominance in its global markets.

"By pulling together the business operations of the corporation under a single leadership position, the company will be able to more quickly assess market and customer opportunities and deliver services in the most optimal and cost-effective manner possible," Carroll added.

Boeckmann has more than 28 years' experience in the management and technical execution of engineering and construction projects for a variety of industrial and commercial applications, including 25 years at Fluor.

With 2000 revenues of $10 billion, Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, maintenance, operations, project management and business services.

For further information please contact: Keith Karpe, 949-349-7661, or Lori Serrato, 949-349-7420, both Media Relations of Fluor Corporation.

Keith Karpe, 949-349-7661, or Lori Serrato, 949-349-7420, both Media Relations of Fluor Corporation