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Construction and engineering company Fluor has recently announced the appointments of two new suite managers.
The Irving, Texas-based company named Jim Breuer to its newly created position of chief operating officer. Breuer started at the company in 1993, working in various project roles, according to his LinkedIn profile. Most recently, he served as Fluor’s Group President for its Energy Solutions Division.
In his new role, Breuer will drive a more holistic view of Fluor’s markets, strengths and project delivery needs, according to a press release, and lead the allocation of talent across the company’s three business segments.
Jim Breuer
Courtesy of Fluor
Fluor also appointed Kevin Hammonds as chief legal officer to succeed John Reynolds, who will retire from the company after nearly 40 years. Hammonds has worked in various legal roles at the firm since 1996, according to his LinkedIn profile, most recently as senior vice president and managing general counsel. Reynolds will remain as corporate secretary of Fluor’s board of directors until May 2025, according to the company.
Kevin Hammonds
Courtesy of Fluor
“I couldn’t be more pleased with the progress we’ve made over the past few years with our Building a Better Future strategy,” Fluor CEO David Constable said in the statement. “As we complete the first chapter of this strategy, it’s time to develop plans for the next chapter, which include maximizing opportunities in growth markets, staying focused on execution, generating consistent operating cash flow and continue to develop the most important resource of the company, our people”.
Executive appointments come after a good performance in the second quarterin which Fluor reported earnings of $169 million, a significant increase from $61 million a year earlier. The company also increased its revenue to $4.2 billion in the second quarter, a roughly 7% gain from $3.9 billion in the second quarter last year.
Much of that growth opportunity comes from heavy investments in the semiconductor, data center, life sciences and infrastructure segments, Constable said on the call. These areas promise substantial growth opportunities, with more than $5 billion in potential prospects in the semiconductor space alone over the next 12 months, according to Constable.
