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Fluor names new chairman of its board

Fluor Corp (NYSE: FLR) announced that its board of directors elected David T. Seaton as the company's new chairman. Seaton, 50, was named chief executive officer (CEO) and company director in February 2011. Seaton will hold both the chairman and CEO positions going forward.

Alan L. Boeckmann retires from Fluor's board having served the last year as the non-executive board chairman and the previous nine years in the role as Fluor's chairman and CEO. The leadership change was voted on and approved during the company's February board meeting. All changes are effective February 2, 2012.

Seaton is a board member of The Mosaic Company (NYSE: MOS) and the Partnering Against Corruption Initiative within the World Economic Forum. He is also a board member of the American Petroleum Institute and the U.S.-Saudi Arabian Business Council. Seaton serves as co-chair of the B20/G20 Task Force on Corruption and as co-chair of the World Economic Forum's Global Agenda Council on Corruption. He also serves as chairman of the President's Initiative Council at the University of South Carolina and is the Chairman for the University's $1B Capital Campaign. Seaton holds a bachelor's degree from the University of South Carolina.



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