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Fluor's Board Elects David Seaton Chief Executive Officer
Fluor's Board Elects David Seaton Chief Executive Officer | dal_ftw_txbz, Fluor,

Texas Business reports:  Irving’s Fluor Corporation named David T. Seaton to the position of chief executive and company director, consistent with the transition plan previously announced.

Seaton, 49, succeeds Alan L. Boeckmann who retires as chief executive.

Boeckmann will continue to serve the company as the non-executive chairman of Fluor's board of directors. All changes are effective today, February 2, 2011, and were approved during the company's board of directors' meeting in Dallas.

“I appreciate the board's vote of confidence in me,” said Seaton in a prepared statement. “We have a phenomenal group of some 50,000 employees globally who dedicate themselves every day to accomplishing some of the world's most challenging capital projects. I feel privileged to be their leader.”

 “As the board has worked with Alan on succession planning, we've been most pleased with his development of many of the company's key leaders,” said Peter J. Fluor, the company's lead independent director in a statement. “The board is especially pleased to support David Seaton in his new role as CEO and we have every confidence that he will lead the company to great places in the future. The company has prospered well during the last decade under Alan's able leadership and we fully expect that trend to continue throughout David's tenure.”

 Seaton becomes Fluor's twelfth chief executive in the company's nearly 100-year history. He joined Fluor in 1984. Prior to his appointment as chief executive, he served as chief operating officer beginning in November 2009. Seaton has also served as senior group president overseeing the company's Energy & Chemicals, Power, and Government groups as well as for Fluor's activities in China and the Middle East. He was also the managing director of Fluor Arabia Ltd., and led the company's global sales function.

Seaton is a board member of The Mosaic Company, the Partnering Against Corruption Initiative within the World Economic Forum, and the Fluor Foundation, the company's philanthropic organization. He is also a board member of the American Petroleum Institute and the U.S.-Saudi Arabian Business Council. He serves as co-chair of the World Economic Forum's Global Agenda Council on Corruption. Seaton holds a bachelor's degree from the University of South Carolina.

 

Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009.