Fluor restructures to align with growth opportunities
By Jenny LescohierJanuary 11, 2021
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.