Foster Wheeler appoints Kent Masters as CEO

Foster Wheeler appoints Kent Masters as CEO

5:43 PM, 26th July 2011
Foster Wheeler appoints Kent Masters as CEO
J Kent Masters, CEO, Foster Wheeler AG.

ZUG, SWITZERLAND: Foster Wheeler AG has appointed J Kent Masters (50) as the company’s new Chief Executive Officer, effective October 1, 2011. It is expected that he will stand for election to the company’s board of directors after October 1. Umberto della Sala (63), will continue to serve as Interim CEO through September 30 and then will continue with the company in his ongoing roles as President and Chief Operating Officer, CEO of the company’s Global Engineering and Construction Group and member of the board of directors.

As part of the leadership succession plan, Raymond J Milchovich (61) is expected to continue to serve as Non-Executive Chairman of the board of directors of Foster Wheeler AG through November 3, after which he intends to leave the board. The board will soon announce its succession plan for Chairman on or before November 3, 2011.

Masters comes to Foster Wheeler from The Linde Group, where he has served as a member of the Executive Board with responsibility for the operating segments Americas, the Global Business Unit Healthcare and the Business Area Merchant & Packaged Gases.

Umberto della Sala had assumed the role of President and Chief Operating Officer of Foster Wheeler in 2007 and has served as the company’s Interim Chief Executive Officer since October of 2010. 

© WOC News

 

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