TWIA Commercial Property & Casualty
Fluor taps Jim Breuer for new COO position
Aug
Construction and engineering firm Fluor recently announced the appointments of two new C-suite executives.
The Irving, Texas-based company appointed Jim Breuer to its newly created position of chief operating officer. Breuer first 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 news release, and will lead talent allocation across the company’s three business segments.
Jim Breuer
Courtesy of Fluor
Fluor also appointed Kevin Hammonds to 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 to Fluor’s board of directors until May 2025, according to the company.
Kevin Hammonds
Courtesy of Fluor
“I could not be more pleased with the progress we have made over the past few years under our Building a Better Future strategy,” said Fluor CEO David Constable in the release. “As we wrap up the first chapter of this strategy, it’s time to develop plans for the next chapter, including maximizing opportunities in growth markets, remaining laser focused on execution, generating consistent operating cash flow and continuing to develop the company’s most important resource, our people.”
The executive appointments come on the heels of a strong second quarter performance, in which Fluor reported earnings of $169 million, a significant bump from the previous year’s $61 million. The company also boosted its revenue to $4.2 billion during its second quarter, an approximate 7% gain from $3.9 billion in last year’s second quarter.
Much of those growth opportunities stem from major investments in the semiconductor, data center, life sciences and infrastructure segments, said Constable during the call. These areas promise substantial growth opportunities, with over $5 billion in potential prospects in the semiconductor space alone over the next 12 months, according to Constable.
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