2 FLUOR CORPORATION DELIVERING LASTING VALUE DAVID E. CONSTABLE EXECUTIVE CHAIRMAN Executive Chairman’s Reflections Dear stakeholders, 2025 brought important progress and transitions at Fluor. In May, the Board appointed Jim Breuer as Chief Executive Officer while I moved to the role of Executive Chairman. This leadership change corresponded with the introduction of the ‘grow and execute’ phase of our ‘building a better future’ strategy, sharpening our focus on sustained growth and project delivery. During this phase, we are aligning our portfolio with growth markets that fit our strengths and, together with excellence in execution, converting that focus into quality backlog and predictable returns.
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