5 2024 Integrated Report Company and Strategy Corporate Information Businesses Enablers PERSONAL GRATITUDE I would like to convey my gratitude for the trust and support you have shown me over the years. I am confident that an even brighter future lies ahead for Fluor. Fluor‘s people are at the heart of our continued success. The progress we have made over the last four years is a testament to the drive, passion and hard work of our employees who have moved the company forward. I am grateful to the Fluor Management Team (FMT) for keeping us on track to achieve and exceed our strategic goals and for restoring stakeholder confidence in our strategy. As a result of our rigorous succession planning process, I am both pleased to welcome our new FMT members and fortunate to have worked alongside those who have announced their retirement in 2024. As Fluor continues to execute our strategy, we are evolving our leadership team to drive growth and operational excellence. Mike Alexander, previously President of our Chemicals business line, assumed the role of Business Group President of Energy Solutions. We also appointed John Regan to serve as Chief Financial Officer as of March 1, 2025, succeeding Joe Brennan who will be retiring in early July 2025 after more than 30 years of service. We welcomed Kevin Hammonds as Chief Legal Officer, succeeding John Reynolds, who will retire in May 2025 after 40 years of service. Additionally, Raj Desai joined the FMT in October 2024 as Chief Procurement Officer and now also oversees our Information Technology operations – including digitalization and artificial intelligence – following Robert Taylor‘s retirement in March 2025. Tom D‘Agostino, Business Group President of Mission Solutions, retires early in April 2025 after 11 years with the company and is succeeded by Al Collins, who led Corporate Development & Sustainability. In turn, Nicole Davies succeeded Al, assuming responsibility for Corporate Development & Sustainability. Finally, Tracey Cook assumed the role of Chief Human Resources Officer in April 2025, following Stacy Dillow’s resignation to pursue a new opportunity. With this experienced executive team in place and a clear strategic roadmap, we are confident in our ability to sustain momentum and deliver positive results. I want to thank our Board of Directors, whose experience and knowledge continues to guide us and add value to our business. We are pleased to welcome Chip Blankenship to Fluor’s Board in 2025, replacing Armando Olivera, who will retire after 12 years of service on April 30. Additionally, the role of Lead Independent Director has transferred from Alan Bennett to Jim Hackett. The Board and I have appreciated Armando‘s contributions as well as Alan‘s stewardship during his time as Lead Independent Director. My gratitude extends to our clients for relying on us to execute their capital projects and for enabling us to play a key role in delivering products and solutions essential to society. Finally, to our shareholders and business partners, I sincerely appreciate your trust and continued belief in our technical expertise and project delivery capabilities. As I prepare to transition to my new role as Executive Chairman, the Board and I are confident in Jim Breuer’s ability to lead Fluor and successfully implement our strategic objectives. We extend our warm congratulations to Jim on his appointment as Chief Executive Officer and look forward to continuing to work closely with him. With many opportunities ahead, Fluor is poised to thrive across multiple sectors and markets. I have no doubt in our company‘s ability to drive growth responsibly and execute with excellence as we embark on this next chapter together. Please stay safe and keep well. David E. Constable Chairman and Chief Executive Officer Fluor Corporation April 2025 Gordie Howe International Bridge Project // Windsor, Ontario, Canada and Detroit, Michigan, United States Hanford Integrated Tank Disposition Project // Richland, Washington, United States
RkJQdWJsaXNoZXIy MTc1MTA=