Fluor Corp. appointed Joe Brennan as CFO, the Irving, Texas-based company said July 24 following D. Michael Steuert’s decision to retire from the position.
“After seven years of retirement, I returned to Fluor last year to help the new management team with the strategic review of our organization and to provide expertise as Fluor charted a new path forward,” Steuert said in a statement.
“While the past year has been challenging, I believe we have made great strides,” he continued. “I am confident that Fluor’s financial operations are in good hands, and I have made the personal decision to return to retirement and transition the role to a seasoned executive.”
Brennan has worked at Fluor since 1991 and most recently served as the senior vice president, operations controller since June 2020. Previous roles include segment controller of energy and chemicals from 2016 to 2020 and general manager of Fluor’s southern California operations from 2013 to 2016 as well as manager of ICA Fluor operations from 2008 to 2013.
The appointment of Brennan as Fluor’s CFO took effect July 22. To assist with the transition, Steuert has agreed to remain with the company as a senior adviser through year-end 2020.
In a statement welcoming Brennan to his new role, Fluor CEO Carlos Hernandez said: “He is a strong leader who is equally dedicated to returning Fluor to a position of strength and leadership in our industry.”
“We also appreciate and have benefited tremendously from the countless hours of hard work that Mike [Steuert] has devoted to Fluor during these challenging times,” Hernandez added.
Fluor, a global engineering, procurement, fabrication, construction and maintenance company working with clients in diverse industries, has projects and offices on six continents. The company expects to file its 2019 Form 10-K before Sept. 30, according to Hernandez.
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