Fluor Announces Board Changes: Admiral Joseph Prueher Joins, Paul Anderson Resigns

October 30, 2003

Fluor Corporation (NYSE: FLR) today announced the election of Admiral Joseph Wilson Prueher to its board of directors, effective October 28. Admiral Prueher is a consulting professor at Stanford University's Institute of International Studies and senior advisor on The Preventive Defense Project.

"We are very fortunate to have Joe join our board. He brings to Fluor an international, informed and seasoned set of perspectives, as well as valuable expertise on China and the federal government," said Alan Boeckmann, Fluor chairman and chief executive officer. "The addition of Joe strengthens our board's ability to provide meaningful oversight and strategic guidance."

Following 35 years of distinguished service in the U.S. Navy, Admiral Prueher served two U.S. Presidents as ambassador to the People's Republic of China from 1999 to 2001. He was responsible for directing, coordinating and managing all U.S. executive branch activities in China.

Admiral Prueher's last command in the U.S. Navy was as commander-in-chief of the U.S. Pacific Command (CINCPAC). The largest military command in the world, CINCPAC spans over half the earth's surface and includes over 300,000 people. From 1989 through 1995, he served as commandant at the U.S. Naval Academy at Annapolis; commander of Carrier Battle Group ONE; commander of the U.S. Mediterranean Sixth Fleet and of NATO Striking Forces based in Italy; and as vice chief of Naval Operations in the Pentagon.

In his first 24 years of service, he was an accomplished carrier-based attack pilot. Qualified in 52 types of aircraft, he has extensive flight and combat experience, with over 5600 flight hours and over 1000 carrier landings. He has held numerous senior tactical commands and led the formation of the Naval Strike Warfare Center in Fallon, NV. Admiral Prueher has received multiple military awards for combat flying as well as naval and Joint Service. The governments of Singapore, Thailand, Japan, Korea, the Philippines, Indonesia and Australia have all decorated him.

Admiral Prueher is a director of Merrill Lynch, Emerson Electric, New York Life, Integrated Defense Technologies, as well as other business, educational, advisory and civic boards. He is a member of the Board of Governors of The Nature Conservancy.

Admiral Prueher graduated from Montgomery Bell Academy and then graduated with distinction from the U.S. Naval Academy. He received a master's degree in International Relations from George Washington University. He is also a graduate of the Naval War College in Newport, RI.

Anderson resigns

Fluor also announced the resignation of Paul Anderson from its board of directors. Anderson, who will become chairman and chief executive officer of Duke Energy on November 1, felt his departure appropriate given the historic and expected future relationships between Fluor and Duke.

"I would like to thank Paul for his contributions while on the board and wish him well in his new position," said Boeckmann. "Duke Energy has made an excellent decision with Paul's appointment as chairman and CEO, and we look forward to working with him in his new role."

With these changes, Fluor's board now consists of one inside director and 10 from the outside, consistent with the company's policy of having primarily independent, outside directors.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, Calif., Fluor is a Fortune 500 company with revenues of $10 billion in 2002. For more information, visit www.fluor.com.

For further information, please contact: Media Relations, Jerry Holloway, +1-949-349-7411, or Lori Serrato, +1-949-349-7420, or Investor Relations, Lila Churney, +1-949-349-3909, fax, +1-949-349-5375, all of Fluor Corporation.

Media Relations, Jerry Holloway, +1-949-349-7411, or LoriSerrato, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-349-3909, fax, +1-949-349-5375, all of Fluor Corporationhttp://www.fluor.com