Fluor appoints new Chief Human Resources Officer

IRVING, Texas - Fluor Corporation (NYSE: FLR), a global engineering and construction firm with a market capitalization of $5.9 billion, announced the appointment of Tracey Cook as the new Chief Human Resources Officer (CHRO), effective April 7, 2025. Tracey Cook will take over from Stacy Dillow, who is departing the company to explore a new opportunity.

Cook brings a wealth of experience to the role, having been with Fluor for 35 years. Her tenure at the company has seen her occupy various senior leadership roles, including Senior Vice President of Human Resources, President of Fluor’s former equipment subsidiary AMECO, and positions within the Finance department.

David E. Constable, Chairman and Chief Executive Officer of Fluor, emphasized the company’s comprehensive succession planning process, which aims to foster talent development and ensure organizational stability. Constable expressed confidence in Cook’s ability to lead the Human Resources function in alignment with Fluor’s growth plans, given her extensive background in finance and business within the company. He also extended gratitude to Stacy Dillow for her nearly three decades of service to Fluor.

Fluor Corporation, headquartered in Irving, Texas, is known for providing professional and technical solutions across various sectors, including energy and chemicals, industrial and infrastructure, government, and power. The company reported $16.3 billion in revenue for the year 2024 and employs nearly 27,000 people worldwide. Fluor’s projects are recognized for being safe, well-executed, and capital-efficient. According to InvestingPro, the company maintains strong financial health with a "GREAT" overall rating and holds more cash than debt on its balance sheet.

This leadership transition is part of Fluor’s ongoing strategy to maintain its position as a leading enterprise in the engineering and construction industry. The information regarding the executive change is based on a press release statement from Fluor Corporation. While the stock has experienced a 26.6% decline year-to-date, InvestingPro analysis suggests the company is currently undervalued, with 13 additional exclusive ProTips available for subscribers looking to gain deeper insights into this prominent construction and engineering player.

In other recent news, Fluor Corporation reported its fourth-quarter 2024 earnings, missing analyst expectations with earnings per share (EPS) of $0.48, falling short of the forecasted $0.78. The company’s revenue also came in below expectations at $4.26 billion, compared to the anticipated $4.48 billion. Despite these quarterly setbacks, Fluor’s annual revenue for 2024 increased by 5.4% to $16.3 billion, showcasing growth in its overall financial performance. Additionally, Fluor announced the successful startup of the Tengizchevroil Future Growth Project at the Tengiz oil field in Kazakhstan, which is expected to significantly boost crude oil production.

In a strategic move, Fluor’s involvement in Romanian nuclear projects continues as part of a consortium with U.S. backing, emphasizing the company’s global reach and involvement in critical infrastructure projects. On the analyst front, DA Davidson adjusted its price target for Fluor, lowering it to $55 from $65, while maintaining a Buy rating, indicating confidence in the company’s long-term potential despite recent volatility. Furthermore, Fluor disclosed the resignation of Executive Vice President and Chief Human Resources Officer, Stacy L. Dillow, effective April 11, 2025, though no successor has been named yet.

These developments highlight Fluor’s ongoing efforts to navigate market challenges and expand its project portfolio. The company is also focusing on future growth areas, such as data centers and semiconductor markets, while continuing its significant share repurchase program. Fluor remains optimistic about 2025, projecting moderate growth and continued strategic advances in its business operations.

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