Fluor Corp.’s board of directors has confirmed the appointment of Carlos M. Hernandez as CEO and named him a member of the board of the company on May 16.
Hernandez was named as Fluor’s interim CEO on May 1, in line with the company’s established succession plan following David T. Seaton stepping down. The board of directors also named John R. Reynolds as the new chief legal officer of Fluor.
“I am honored and excited for this unique opportunity to lead Fluor, a company with more than 100 years of global leadership in our sector, a reputation for excellence and the best talent in the industry,” Hernandez said.
Fluor expects to share the results of its strategic review in conjunction with the announcement of its second-quarter 2019 financial results scheduled for August 1, 2019.
As Fluor’s executive chairman, Alan Boeckmann will provide leadership for Fluor’s board of directors. In addition, building on his long-standing history within the company, Boeckmann will serve as a strategic partner and adviser to Hernandez, with availability to provide counsel around issues of strategic importance including client and investor relationships and long-term succession planning.
A private oil and gas company backed by Energy Founders Fund closed on the $7 million bridge loan from Production Lending.
For the second time this month, the West Virginia Supreme Court ruled on surface rights disputes between landowner and E&Ps.
Profiles of eight private operators in the Permian Basin featured at Hart Energy’s DUG Permian conference.