Fluor announces new business segments
Published by Elizabeth Corner,
Fluor Corporation has announced an updated organisational and reporting structure that better aligns its business with identified growth markets and company strategy.
Beginning in the 1Q21, Fluor will conduct its operations in three business segments: Energy Solutions, Urban Solutions and Mission Solutions.
Energy Solutions, led by Jim Breuer, will be focused on energy transition, chemicals and traditional oil and gas opportunities.
Urban Solutions, led by Terry Towle, will pursue opportunities in mining, metals, advanced technologies, manufacturing, life sciences, infrastructure, and will include Fluor’s professional staffing (TRS) unit.
Mission Solutions, led by Tom D’Agostino, will be primarily focused on delivering solutions to federal agencies across the US government and to select international opportunities.
Additionally, Fluor has also established two newly-consolidated functional organisations: Project Execution, led by Mark Fields; and Corporate Development and Sustainability, led by Al Collins.
More information on the entire senior management team can be found in the Corporate Officers section of Flour’s website.
As a result of the strategic review, the company has determined that maintenance services no longer fits within Fluor’s core service portfolio. Therefore, the company is initiating plans to sell Stork. Additional information will be provided at the company’s 28 January Strategy Day event.
Read the article online at: https://www.worldpipelines.com/business-news/12012021/fluor-announces-new-business-segments/
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