Fluor Corp. (FLR) CEO David Seaton has stepped down

May 2, 2019 7:59 AM EDT

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Fluor Corporation (NYSE: FLR) announced today that David T. Seaton has stepped down as CEO and will no longer serve as a member of the board of directors, effective May 1, 2019. He will remain with the company through the transition and to assist management as requested.

Alan L. Boeckmann has been named executive chairman of the board. Carlos M. Hernandez, previously responsible for law, risk and compliance, will serve as the interim CEO until a permanent replacement is identified.

“I want to thank David for his 34 years of service and dedication to Fluor,” said Mr. Hernandez. “He led significant transformation of the company including the rebuilding of our self-perform construction capabilities, implemented our integrated solutions model and initiated our data centric execution approach.”

“The board has great confidence in Carlos,” said Mr. Boeckmann. “We trust that he will provide the needed direction for the company and build upon Fluor’s leadership position in the marketplace.”

Mr. Boeckmann recently rejoined Fluor’s board of directors after retiring in 2012. Originally joining Fluor in 1974, he held many positions across the company prior to becoming chairman and chief executive officer from 2002 to 2011. Mr. Boeckmann currently serves on the boards of BP, Sempra Energy and Archer Daniels Midland, but is stepping down from the BP board in May 2019.

Mr. Hernandez has been chief legal officer and secretary of Fluor Corporation since 2007. Prior to joining the company, he was general counsel and secretary of ArcelorMittal USA, Inc. from 2005 to 2007. He holds a bachelor of science degree in civil engineering from Purdue University and a juris doctorate from the University of Miami School of Law.



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