Peter Oosterveer to Retire March 31, 2017; Biggs Porter to Retire by Year-end
Fluor
Corporation (NYSE: FLR) announced today that Peter Oosterveer,
Fluor’s chief operating officer, will retire from the company effective
March 31, 2017. In addition, the company announced that Biggs Porter,
chief financial officer, has elected to retire by year-end.
Oosterveer leaves the company after 28 years of service in a variety of
roles. Prior to being named chief operating officer, he led the
company’s Energy & Chemicals business. Oosterveer will return home to
the Netherlands, where he will assume a role in another company outside
of Fluor.
“Our leaders pay special attention to succession planning at all levels
of the company, and it has been an ongoing part of our dialogue and
planning since our transformation began in 2011,” said David Seaton,
chairman and chief executive officer. “I thank Peter for his service and
dedication to Fluor and wish him well in the future.”
Porter has led Fluor’s finance, audit, investor relations, compliance
and ethics, and mergers and acquisitions functions as chief financial
officer since joining the company in May 2012. A search for his
replacement is underway, and he will remain in his role until a
successor is named.
“Biggs has been a tremendous asset to our company for the past five
years,” said Seaton. “His expertise and strategic leadership have been
instrumental in strengthening our company’s financial foundation. We
thank him for his service and look forward to his continued leadership
through year-end.”
“It has been a privilege to serve as Fluor’s chief financial officer
alongside its exceptional management team and world-class employees,”
Porter said. “I am confident that this is the right time to begin the
transition to a new CFO who will help drive the next phase of growth at
Fluor. I look forward to working with David through the end of the year
to achieve an orderly transition of responsibilities.”
About Fluor Corporation
Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that designs, builds
and maintains capital-efficient facilities for its clients on six
continents. For more than a century, Fluor has served its clients by
delivering innovative and integrated solutions across the globe. With
headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500
list with revenue of $19 billion in 2016 and has more than 60,000
employees worldwide. For more information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222