Fluor’s chief operating officer is retiring at the end of this month, followed by the company’s chief financial officer before the year is over, the Texas-based Department of Energy contractor announced Wednesday.
COO Peter Oosterveer has been with Fluor for 28 years in a number of positions, including as head of the company’s energy and chemicals segment, according to a press release. His last day is March 31, after which he will return to his native Netherlands to work with another employer. Regarding his replacement, CEO David Seaton said in the release only that “succession planning at all levels of the company, and it has been an ongoing part of our dialogue and planning since our transformation began in 2011.”
Meanwhile, Executive Vice President and CFO Biggs Porter will retire this year once his replacement is hired, the release says. Porter joined Fluor as chief financial officer in May 2012 after six years as CEO of Tenet Healthcare. At Fluor he headed functions including finance, audit, investor relations, and mergers and acquisitions.
The engineering and construction company has over 60,000 employees spread across the globe and is a major contractor in the DOE nuclear cleanup complex.
The company’s Fluor Federal Services subsidiary holds the $420 million Paducah GDP deactivation contract that expires on July 31; the Fluor-BWXT Portsmouth joint venture handles decontamination and decommissioning at the Portsmouth Site in Piketon, Ohio, under a 10-year deal potentially worth more than $2.5 billion through March 28, 2021, including options. Fluor is also a partner in the Mid-America Conversion Services joint venture that in February began processing depleted uranium hexafluoride at the Paducah and Portsmouth sites.
