Street Calls of the Week
Fluor Corporation (NYSE:FLR), a prominent $7.9 billion construction and engineering firm with a GREAT financial health score according to InvestingPro, announced a series of executive leadership changes as part of its succession planning process, according to a statement filed with the Securities and Exchange Commission.
On Friday, Mark E. Fields, currently Group President, Project Execution, notified the company of his intention to retire in 2026. In connection with this transition, the Board of Directors has appointed Mr. Fields to the role of Group President, Strategic Projects, effective November 1.
Michael E. Alexander, who is currently Business Group President, Energy Solutions, will assume the position of Group President, Project Execution, also effective November 1. Additionally, Pierre Bechelany, currently President, LNG & Power, will become Business Group President, Energy Solutions, on the same date.
These changes were disclosed in a press release statement included in Fluor’s SEC filing. Fluor Corporation is listed on the New York Stock Exchange under the ticker symbol FLR.
In other recent news, Fluor Corporation reported its Q2 2025 earnings, showing a revenue of $4 billion. This increase was driven by new awards and positive backlog adjustments. Despite the revenue growth, the company experienced a decline in adjusted EBITDA and EPS compared to the previous year. In another development, activist investor Starboard Value took a nearly 5% stake in Fluor. Starboard is reportedly looking to unlock value from Fluor’s 40% holding in NuScale Power. These recent developments highlight significant changes and challenges facing the company.
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