Charles Blankenship Elected to Fluor’s Board of Directors

Rhea-AI Summary

Fluor (NYSE: FLR) has announced the election of Charles (Chip) P. Blankenship Jr. to its Board of Directors, effective March 1, 2025. Blankenship, currently Chairman and CEO of Woodward Inc., will serve on the Board's Audit Committee and Commercial Strategies and Operational Risk Committee.

The appointment brings Fluor's total board membership to 11, with 10 independent directors. Blankenship brings significant experience from his previous roles, including CEO of Arconic and a 24-year career at GE, where he held leadership positions in aviation, energy, and appliances. He currently serves on the Board of Directors of the National Association of Manufacturers and the Board of Governors of the Aerospace Industries Association.

Fluor , with revenue of $15.5 billion in 2023, employs nearly 34,000 people and ranks 265 among Fortune 500 companies.

Positive

• Addition of experienced board member with extensive industry expertise in aerospace, energy, and manufacturing sectors
• Strengthening of board independence with 10 out of 11 directors being independent
• Strong 2023 revenue of $15.5 billion

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that Charles (Chip) P. Blankenship Jr., Chairman and Chief Executive Officer (CEO) of Woodward Inc., a global energy control solutions company, has been elected to its Board of Directors effective March 1, 2025. Blankenship will serve on the Board's Audit Committee and the Commercial Strategies and Operational Risk Committee, bringing the total number of Fluor Board members to 11, of whom 10 are independent.

Charles Blankenship (Photo: Business Wire)

“With Chip Blankenship’s appointment to Fluor’s Board of Directors, the company gains another distinguished advisor and business leader, known for his transformative leadership in the industrial and aerospace sectors,” said David E. Constable, Chairman and Chief Executive Officer of Fluor. “Chip's strategic and operational expertise, paired with his ability to drive innovation, will support Fluor's growth as we pursue opportunities in advanced manufacturing, life sciences, mining, chemicals and the energy markets, among others."

Prior to becoming Woodward’s CEO in May 2022, Blankenship’s leadership roles included serving as CEO of Arconic, an aerospace advanced alloys and components company, and a 24-year career at General Electric (GE). While at GE, he held significant leadership roles in aviation, energy and appliances, including CEO of GE Appliances and Vice President and General Manager of Commercial Aircraft Engines. He was also General Manager of GE’s Aero Energy.

Blankenship serves on the Board of Directors of the National Association of Manufacturers and the Board of Governors of the Aerospace Industries Association. He is a member of the National Academy of Engineering and served as the Montgomery Distinguished Professor of Practice at the University of Virginia (UVA) School of Engineering and Applied Sciences.

Blankenship holds a Ph.D. in materials science and engineering from UVA and a bachelor’s degree from Virginia Polytechnic Institute and State University.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 34,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2023 and is ranked 265 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20250206282258/en/

Brett Turner

Media Relations

864.281.6976

Jason Landkamer

Investor Relations

469.398.7222

Source: Fluor Corporation

FAQ

When will Charles Blankenship join Fluor's (FLR) Board of Directors?

Charles Blankenship will join Fluor's Board of Directors effective March 1, 2025.

What committees will Blankenship serve on Fluor's (FLR) board?

Blankenship will serve on Fluor's Audit Committee and the Commercial Strategies and Operational Risk Committee.

How many independent directors does Fluor (FLR) have after Blankenship's appointment?

After Blankenship's appointment, Fluor has 10 independent directors out of 11 total board members.

What was Fluor 's (FLR) revenue in 2023?

Fluor reported revenue of $15.5 billion in 2023.

What is Charles Blankenship's current position before joining Fluor's (FLR) board?

Charles Blankenship is currently the Chairman and CEO of Woodward Inc., a global energy control solutions company.