Fluor Corporation Strengthens Board with Appointment of Industry Veteran Robert Card

Fluor Corporation (NYSE: FLR) is restructuring its leadership and board of directors to better navigate the complexities of global engineering and construction. The company recently appointed Robert Card, a seasoned executive with deep industry expertise, to its board. Card's appointment is part of a wider governance refresh. Executive Chairman David Constable is set to step down on May 6, with Lead Independent Director Jim Hackett assuming the role. Additionally, Fluor has expanded its board from 10 to 12 members, increasing the number of independent directors to 10 to diversify the company's strategic skill set. Card brings a wealth of experience, having served as President and CEO of SNC-Lavalin (now AtkinsRéalis) and as the U.S. Under Secretary of Energy from 2001 to 2004. His tenure at SNC-Lavalin was marked by a significant overhaul of governance and ethics programs, as well as strategic divestments to strengthen the firm's core segments in mining, power, and oil and gas. Fluor aims to leverage Card's expertise to reduce its exposure to risky fixed-price megaprojects, which have historically been plagued by cost overruns and labor shortages. The company is pivoting toward advanced manufacturing, life sciences, and energy transition projects. Card will serve on the Audit Committee and the Commercial Strategies & Operational Risk Committee. While the leadership changes signal a commitment to operational discipline, the stock's immediate performance is expected to depend more on the resolution of existing project delays and the potential divestment of Fluor's stake in small modular reactor maker NuScale Power.