Gulf Oil and Gas accountACCOUNT

Fluor Appoints Biggs as Senior Vice President & CFO

Source: www.gulfoilandgas.com 3/14/2012, Location: North America

Fluor Corporation announced that after more than a decade of exceptional service in leading Fluor’s finance functions, senior vice president and chief financial officer (CFO) D. Michael Steuert will retire at the end of May. Steuert will remain with Fluor through the end of the year in a consulting role.

“Mike Steuert’s presence on our senior leadership team during the last 11 years has been a calming influence during some of the most turbulent economic times in the last 50 years. Mike’s legacy will include leaving Fluor with a robust balance sheet, strong cash reserves, impeccable credit rating and little, if any, debt,” said David Seaton, Fluor’s chairman and chief executive officer. “In the post Sarbanes-Oxley world, Mike led our efforts to develop and implement world-class financial reporting systems across our global network and enhanced our risk management capabilities. We appreciate all that Mike has done for Fluor during his tenure as CFO and we wish him the best in retirement.”

The company also announced the appointment of Biggs C. Porter to the position of senior vice president and company CFO. Porter will join Fluor on April 9, 2012, and will become CFO on May 4, 2012, after first quarter 2012 financial reporting is complete. Porter joins Fluor from Tenet Healthcare where he spent the last five and half years as CFO. Porter will be based in Fluor's global headquarters in Irving, Texas, and will report to Fluor’s chairman and CEO David Seaton. As CFO, Porter will lead Fluor’s finance, audit, investor relations, compliance & ethics, and mergers & acquisitions functions.

“We are pleased to welcome Biggs to Fluor and we are confident that he will continue to further strengthen our financial discipline, maintain our excellent relationships with key financial audiences and help the company continue creating significant shareholder value,” said Seaton. “Biggs understands the demands and complexities of leading a global finance organization in today’s uncertain marketplace, and his diverse industry experience and leadership style are good matches for Fluor.”

Prior to joining Fluor, Porter served as CFO of Tenet Healthcare Corporation where he oversaw the company’s finance, accounting, investor relations and related functions. Porter also held senior-level finance positions with defense contractor Raytheon Co. and the large Dallas-based utility TXU Corp. He also held finance positions at Northrop Grumman Corporation, Vought Aircraft Company and LTV Corporation. He began his career with the accounting firm Arthur Young and Co. Porter is a certified public accountant, and his academic background includes a bachelor’s degree in accounting from Duke University and master’s degree in accounting from the University of Texas, Austin. He is an industry leader, having been named twice as one of the 100 Most Influential People in Finance by Treasury and Risk Magazine.

Executive Recruiting News in United States >>

Iraq >>  7/14/2020 - Further to the recent announcement that Garrett Soden was to be re-appointed to the Board of GKP as a Non-Independent Non-Executive Director represent...
Nigeria >>  7/14/2020 - ADM Energy PLC, a natural resources investing company, is pleased to announce the appointment of two Oil and Gas veterans, Darrell McKenna and Dr Sati...

United States >>  7/14/2020 - Tallgrass Energy, LP today announced that its Board of Directors has appointed Crystal Heter as Chief Operating Officer, effective immediately. She re...
Nigeria >>  7/10/2020 - The Board of Directors of Seplat Petroleum Development Company Plc is pleased to announce the appointment of Mr. Emeka Onwuka as Chief Financial Offic...

United States >>  7/9/2020 -  Xodus Group has appointed a US renewables vice president to head up a new office in Boston as the company looks to grow its offshore wind services ac...
United Kingdom >>  7/8/2020 - Global cybersecurity services provider Nettitude today announced that Karen Bolton, EVP Americas and Chief Marketing Officer, will replace Founder Row...

Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Sourcing & Procurement 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 |

More News

Related Links

CA US
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.