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Foster Wheeler Names New CEO of Foster Wheeler USA

Wed. October 28, 2009; Posted: 12:46 AM
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Oct 28, 2009 (Close-Up Media via COMTEX) -- FWLT | Quote | Chart | News | PowerRating -- Foster Wheeler AG announced that it has appointed Robert C. Flexon as President and Chief Executive Officer of Foster Wheeler USA (FWUSA), the company's Global Engineering and Construction Group subsidiary based in Houston, Texas, effective November 16.

Flexon succeeds W. Troy Roder, who the company said has been named as Chairman and Chief Executive Officer of Foster Wheeler Energy, which is based in Reading, England.

Flexon is currently Executive Vice President and Chief Financial Officer of NRG Energy, a wholesale power generation company primarily engaged in the ownership and operation of power generation facilities and the sale of energy, capacity and related products. He has also served as a member of the Foster Wheeler AG board of directors since 2006 and will continue to serve in that capacity through Nov. 16, the company said.

Raymond J. Milchovich, Chairman and Chief Executive Officer of Foster Wheeler AG, said, "Having worked very closely with Bob in his role as chair of our audit committee and as a member of our board for three years, I feel that I know him very well. I have tremendous respect for Bob's business judgment, intelligence, work ethic, and the very constructive way in which he has worked with and added value to the functionality of Foster Wheeler's board and management. We are very fortunate that we have been able to recruit Bob to this very important position at this time and I look forward to working very closely with him in this new capacity."

Foster Wheeler's President and Chief Operating Officer Umberto della Sala said, "Bob understands the company and its culture. Combined with his knowledge of our industry, we expect him to be an exceptionally strong leader for Foster Wheeler USA."

Flexon joined NRG in 2004 and, in addition to serving as Executive Vice President and CFO, he had also served as NRG's Executive Vice President and Chief Operating Officer from March 2008 to February 2009, overseeing NRG's plant and commercial operations, environmental compliance and risk management, as well as the Engineering, Procurement and Construction division.

Foster Wheeler AG is an engineering and construction contractor and power equipment supplier.

More Information:

www.fwc.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))

For full details on Foster Wheeler Ltd (FWLT) click here. Foster Wheeler Ltd (FWLT) has Short Term PowerRatings of 4. Details on Foster Wheeler Ltd (FWLT) Short Term PowerRatings is available at This Link.

    


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