Fluor announces changes in executive management
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Fluor announces changes in executive management

8:43 AM, 9th March 2017
Fluor logo

IRVING, US: Fluor Corporation announced that Peter Oosterveer, Fluor’s chief operating officer (COO), will retire from the company effective 31 March 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 the 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.

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.

“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. I thank Peter for his service and dedication to Fluor and wish him well in the future,” said David Seaton, chairman and CEO.

“Biggs has been a tremendous asset to our company for the past five years. 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,” said Seaton.

“It has been a privilege to serve as Fluor’s chief financial officer alongside its exceptional management team and world-class employees. 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,” added Porter.

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