Foster Wheeler announces management changes

Foster Wheeler AG has appointed Robert Flexon as CEO, effective June 1, 2010.

Offshore staff

ZUG, Switzerland -- Foster Wheeler AG has appointed Robert Flexon as CEO, effective June 1, 2010. Flexon is currently president of Foster Wheeler USA. At that time, Raymond J. Milchovich, will relinquish the CEO role but will remain with the company. He will serve as non-executive chairman of the board and consultant to the company through October 2011.

Umberto della Sala, president and COO of Foster Wheeler AG, has agreed to extend his tenure with the company through 2013.

12/17/2009

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