Fluor restructures to align with growth opportunities

By Jenny LescohierJanuary 11, 2021

Fluor to operate with three business segments

Fluor Corporation has updated its organizational and reporting structure to better aligns its business with identified growth markets and company strategy, according to a release from the company.

Beginning in the first quarter of 2021, Fluor will conduct its operations in three business segments: Energy Solutions, Urban Solutions and Mission Solutions.

Energy Solutions, led by Jim Breuer, will be focused on energy transition, chemicals and traditional oil and gas opportunities. Urban Solutions, led by Terry Towle, will pursue opportunities in mining, metals, advanced technologies, manufacturing, life sciences, infrastructure, and will include Fluor’s professional staffing (TRS) unit. Mission Solutions, led by Tom D’Agostino, will be primarily focused on delivering solutions to federal agencies across the U.S. government and to select international opportunities.

Additionally, Fluor has also established two newly consolidated functional organizations: Project Execution, led by Mark Fields, and Corporate Development and Sustainability, led by Al Collins.

“As a result of our strategic review, we have determined that maintenance services no longer fits within Fluor’s core service portfolio. Therefore, the company is initiating plans to sell Stork. Additional information will be provided at our January 28 Strategy Day event,” the release stated.

The past few months have been very active for Fluor, as it named board member David E. Constable as its new CEO in November, and announced an agreement with architect engineering firm Sargent & Lundy involving joint marketing and design services for the execution of new NuScale Power small modular reactor (SMR) technology.

MORE ARTICLES FROM CONEXPO-CON/AGG 365 NEWS
Doosan now makes dozers, and mini excavators too
Doosan Infracore has previewed a slew of new products that will hit the construction market in 2022, including not only its first dozer but also a new line of mini excavators and more
One giant leap: Komatsu develops construction equipment for use on the moon
Komatsu will create and operate a hydraulic excavator in cyberspace, using digital twin technology, and compare its movements with actual equipment on Earth 
Expert Q&A: What the newly passed infrastructure bill really means to contractors
Kate Fox Wood, government relations at AEM, gives straight answers to the questions we’re all asking about the Infrastructure Investment and Jobs Act (IIJA)