Foster Wheeler Appoints Roberto Penno Managing Director of Global Sales, Marketing and Strategic Planning for Global Engineering and Construction Group

"Roberto has already proven his strong leadership and capabilities in key operational roles in our Global E&C Group and is very deserving of promotion to this position," said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG. Mr. Penno will report to Mr. della Sala, who is currently also serving as acting head of the Global E&C Group.

Raymond J. Milchovich, chairman and chief executive officer, Foster Wheeler AG, said "I would like to thank Giuseppe for his dedication and commitment to Foster Wheeler over a very long and distinguished career and for his personal contribution to the achievement of an outstanding E&C business-winning performance during his tenure as managing director of GSM."

Mr. Penno, 49, has been with Foster Wheeler for 21 years. During his career, he has held increasingly senior roles in operating unit management, sales and commercial management in Europe, Asia and the U.S. Most recently, he held the position of director of commercial operations, Foster Wheeler Asia Pacific.

Mr. Penno holds a Bachelor's degree in Mechanical Engineering from Milan, Italy, Polytechnic University.

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

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SOURCE: Foster Wheeler AG

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