6 Fluor Corporation STRATEGY IN MOTION COO Review Dear stakeholder, We are shifting focus to the ‘grow and execute’ chapter of our ‘building a better future’ strategy, with Fluor poised to capitalize on opportunities across several key sectors. Our talented people and their steadfast commitment to excellence in project delivery will remain the cornerstone of our continued success. Jim Breuer Chief Operating Officer and incoming Chief Executive Officer* THE NEXT CHAPTER Building on the significant progress achieved from 2021 to 2024 under the ‘fix and build’ chapter of our strategy, and focused on our stakeholders’ needs, market conditions and megatrends, we are ready for the ‘grow and execute’ phase of our strategy. With continuous geopolitical, technological and social change across the world, we remain acutely aware of the megatrends shaping our markets. These global forces, and the opportunities they create, underpin our future growth and remain central to our strategic priorities. Among a few notable trends, we continue to see the world’s need for energy security and energy addition, with growing demand for power, sustainable energy and cleaner fuel sources. This trend creates long-term opportunities in clean power generation, liquefied natural gas (LNG), energy storage and sustainable chemicals. Additionally, the push toward electrification will drive increased demand for copper, presenting major opportunities in the mining sector. In parallel, technological advancements in the pharmaceutical industry and growing demand for data centers and semiconductors are evident and will drive significant investments in these markets. Finally, national security and environmental clean-up activities by the U.S. federal government provide stable, long-term opportunities. Read more on the global megatrends impacting our strategic priorities on pages 16 and 17 * Jim Breuer assumes the role of Chief Executive Officer on May 1, 2025.
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