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.
Recommended Reading
Marketed: Team Operating Gulf Coast Opportunity
2024-03-19 - Team Operating LLC has retained PetroDivest Advisors for the sale of certain oil and gas leasehold and related assets spanning multiple counties in Texas, Louisiana and Mississippi.
Marketed: Rock Oil Holdings Mineral, Royalty Opportunity in Midland Basin
2024-04-09 - Rock Oil Holdings has retained PetroDivest Advisors for the sale of a mineral and royalty opportunity in Howard County, Midland Basin.
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.