Fluor Makes Senior Management Changes: Grimes to Take Over Operations; Flowers to Lead Global Services

Wednesday, December 7, 2011 6:30 pm EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"This is a pivotal time in our industry, when many dynamic forces are impacting our global business. We must explore new ways to grow our business, build our relationships and optimize our costs. These moves will help us accomplish those goals."

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced changes today to the company’s existing senior leadership structure. Kirk Grimes will assume the role of group executive for Operations overseeing the company’s Construction, Procurement, Project Risk Management and Sustainability functions, as well as Project Execution Services, Project Excellence Network and Strategic Planning. Additionally, Grimes has been asked by Fluor’s chief executive officer (CEO) David Seaton to lead a business transformation process across all five Fluor Business Groups. Grimes has served as president of Fluor’s Global Services Business Group since 2003.

Garry W. Flowers has been named group president for Global Services which includes Fluor’s operations & maintenance business, TRS temporary staffing and AMECO equipment rental business. Flowers previously served as senior vice president for Health, Safety & Environmental (HSE); Corporate Security; and Industrial Relations. Along with Flowers’ new Global Services responsibilities, he will retain oversight of the company’s HSE, Security and Industrial Relations functions. From September 2009 to October 2011, Flowers served as the president and CEO of Savannah River Nuclear Solutions, LLC, the Fluor-led partnership that oversees the management, cleanup and operations at the Department of Energy’s Savannah River Site.

All changes will be effective January 1, 2012, and both Flowers and Grimes will report to David Seaton in their respective roles.

In making the change announcement, Seaton said, “This is a pivotal time in our industry, when many dynamic forces are impacting our global business. We must explore new ways to grow our business, build our relationships and optimize our costs. These moves will help us accomplish those goals.”

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $20.8 billion in 2010. For more information visit www.fluor.com.

Contact:

Fluor Corporation
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Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
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Ken Lockwood, 469-398-7220
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Jason Landkamer, 469-398-7222

   

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