Fluor Corporation decared that after more than a decade of exceptional service in leading Fluor's finance functions, senior vice president and chief financial officer (CFO) D. Michael Steuert will retire at the end of May. Steuert will remain with Fluor through the end of the year in a consulting role.

Mike Steuert's presence on our senior leadership team during the last 11 years has been a calming influence during some of the most turbulent economic times in the last 50 years. Mike's legacy will include leaving Fluor with a robust balance sheet, strong cash reserves, impeccable credit rating and little, if any, debt, said David Seaton, Fluor's chairman and chief executive officer. In the post Sarbanes-Oxley world, Mike led our efforts to develop and implement world-class financial reporting systems across our global network and enhanced our risk management capabilities. We appreciate all that Mike has done for Fluor during his tenure as CFO and we wish him the best in retirement.

Tags: Fluor Corporation