Fluor Corporation Board of Directors Appoints Michael Steuert as Chief Financial Officer

Bruce Stanski to Support Office of the CEO and Mark Fields
Appointed as Group President, Energy & Chemicals

IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE:FLR) announced today executive appointments to
its leadership team as it continues to strengthen the company’s
management as well as drive an enhanced focus on excellent execution and
performance. D. Michael Steuert has been appointed chief financial
officer (CFO) effective June 1, 2019, succeeding Bruce Stanski, who will
support the office of the chief executive officer (CEO) focused on
analyzing the company’s investments and joint ventures in line with the
previously announced strategic review. Steuert served as Fluor’s CFO
from 2001 to 2012. Fluor also announced the appointment of Mark E.
Fields to the role of president leading the Energy & Chemicals business
group.


“It is with great pleasure that we welcome back Mike Steuert as Fluor’s
CFO. During his prior tenure, he played a critical role in strengthening
Fluor’s financial performance and helped oversee a period of significant
value creation,” said Carlos Hernandez, Fluor’s CEO. “Mike’s tremendous
financial expertise and his deep understanding of Fluor and the industry
is a powerful combination that will benefit the company. I look forward
to working closely alongside Mike and Bruce in their new roles as we
conduct our strategic review of Fluor aimed at strengthening our
operational and financial performance.”

“I am honored to rejoin Fluor and play a role in the next exciting phase
of the company’s path forward as a global leader in the engineering,
procurement and construction space,” said Steuert. “I look forward to
working with Carlos and the rest of the management team during this
important time for the company.”

“Energy & Chemicals has played an instrumental role in the history of
Fluor and I am delighted to announce that Mark Fields will lead us
forward in this growing and dynamic segment of the market,” said
Hernandez. “Mark brings nearly 40 years of project excellence with him
which will produce a renewed focus on operational effectiveness across
the entire business group.”

Steuert served as senior vice president (SVP) and CFO of Fluor
Corporation from 2001 until his retirement in 2012. Prior to Fluor,
Steuert served as SVP and CFO of Litton Industries, a defense contractor
acquired by Northrop Grumman Corporation in 2001, and as and CFO of
GenCorp, Inc. from 1990 to 1999. He was formerly a member of the
National Financial Executives Institute and the Carnegie Mellon Council
on finance.

Mark Fields was previously president of Energy & Chemicals Americas
since 2017. Joining Fluor in 1981, he has served in a variety of roles
globally in project and construction management, project controls,
estimating, materials management, and commissioning and start-up
management. Fields has extensive international mega-project experience
in upstream, refining, mining, chemicals and petrochemicals. He has a
bachelor’s degree in Construction Management from Purdue University and
has attended executive management programs at the Thunderbird School of
Management, the Wharton School of Business and INSEAD.

About Fluor Corporation

Founded in 1912, Fluor
Corporation
(NYSE:FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that transforms the
world by building prosperity and empowering progress. Fluor serves its
clients by designing, building and maintaining safe, well executed,
capital-efficient projects around the world. With headquarters in
Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of
$19.2 billion in 2018 and has more than 53,000 employees worldwide. For
more information, please visit www.fluor.com
or follow Fluor on Facebook,
Twitter,
LinkedIn
and YouTube.

Contacts

Brian Mershon
Media Relations
469.398.7621

Jason
Landkamer
Investor Relations
469.398.7222

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