Fluor Corporation (NYSE: FLR) announced today the election of Armando J.
Olivera to its Board of Directors. Olivera is the retired president and
chief executive officer of Florida Power & Light Company (FPL), a
subsidiary of NextEra Energy, Inc. (NYSE: NEE). The size of Fluor’s
board will increase to 12 members, 11 of whom are independent directors.
“I am so pleased that Armando has agreed to join Fluor’s board. We will
greatly benefit from his experience in the power sector as well as his
decades of executive leadership,” said David Seaton, Fluor Corporation’s
chairman and chief executive officer. “During his tenure, FPL had some
of the most affordable energy rates in the nation which spurred economic
development and job creation. We are looking forward to working with
Armando for years to come.”
FPL, one of the largest investor-owned electric utilities in the U.S.,
grew its assets 79 percent to $31.8 billion under Olivera’s leadership.
He was appointed president in 2003, CEO in 2008, and retired in May 2012
after 40 years with the company. During his tenure he managed a
multibillion dollar capital investment program that included expanding
nuclear capacity; a new highly efficient, natural gas, combined-cycle
power plant; and three new solar energy centers.
Olivera earned a bachelor’s degree in electrical engineering from
Cornell University and a master of business administration from the
University of Miami. He serves as a director for AGL Resources Inc. and
is a member of the board of trustees for Cornell University and Miami
Dade College.
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.
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Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222