Fluor Corporation (NYSE: FLR) announced today that John Hopkins, group
executive for Corporate Development & New Ventures, will assume the
roles of chairman and chief executive officer for NuScale Power LLC.
Fluor made its initial investment in NuScale in October 2011 and is
today the majority investor in the company. Current NuScale chairman and
CEO Paul Lorenzini will retire, but will continue as a consultant to the
company. Commensurate with his move to lead NuScale, Hopkins will retire
from Fluor at the end of March 2013.
“John Hopkins has played a significant leadership role in our company
for almost three decades. He has brought a true professionalism to our
sales force and worked across business groups and industries to deliver
the comprehensive Fluor value that our global customers and clients have
come to expect,” said David Seaton, Fluor’s chairman and chief executive
officer. “Because of its importance to our company, I have asked John to
take on this new challenge of leading NuScale's expansion of its
strategic partnerships, efficiently managing costs and working to
capture markets and geographies that best meet NuScale's business goals.”
“I look forward to taking on this new challenge and working with the
NuScale management team as we move toward full commercialization and
compete for business around the world,” said Hopkins. “I want to thank
Paul Lorenzini for all he has done to bring NuScale from an initial idea
to being on the cusp of delivering new, innovative and passively safe
energy to customers around the world. I strongly believe in NuScale’s
SMR technology and the potential it has to produce safe, reliable,
scalable power.”
One of the key focal points for Hopkins will be working with his
management team toward securing the next U.S. Department of Energy (DOE)
Funding Opportunity Announcement (FOAs) that will support the
development, licensing and commercialization of nuclear small modular
reactor technology.
Both Fluor and NuScale continue to be approached by, and are evaluating
potential investors, manufacturing partners and other supply chain
members for future SMR development efforts.
Since joining Fluor in 1984, Hopkins has held a variety of senior
management, sales and operations roles around the world. These positions
have included: group president of Fluor’s Government Group; group
executive of Fluor Global Services; president and chief executive
officer of TradeMC, the capital goods sourcing venture jointly owned by
Fluor and IBM; group president of Corporate Sales & Marketing, Corporate
Development and Project Finance; president of Chemicals & Life Sciences;
and president of Chemicals, Plastics & Fibers. He also has served in the
company's government unit, where he gained experience in managing
complex government contracts and completed a two-year assignment with
the North Atlantic Treaty Organization (NATO) in Turkey.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the
company was started by John Simon Fluor Sr. with a modest investment of
$100. Since those humble beginnings, the company has grown into one of
the largest engineering & construction companies in the world. Fluor is
celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the
company provides comprehensive capabilities and world-class expertise in
engineering, procurement, construction, commissioning, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
For more information, visit www.fluor100.com
and www.fluor.com.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222