Fluor Corporation Announces New Structure and Leadership

FLUOR DANIEL

Alan Boeckmann takes on the leadership of Fluor Daniel as the new President and CEO. A business plan has been prepared that will drive the value of Fluor Daniel for the future. The new structure is being organized into Strategic Business Units (SBUs), which emphasize functional excellence and regional effectiveness. The new structure and leadership of Fluor Daniel will be defined by March 31 and fully implemented by July 1.

Fluor Daniel Leadership

President & CEO - Alan Boeckmann

Chief Financial Off icer - Ron Albright

FLUOR GLOBAL SERVICES

Fluor Global Services will be led by Jim Stein, and has been organized into stand-alone units that will be managed separately from Fluor Daniel to better focus on core capabilities. Fluor Global Services will participate in industries which offer substantial opportunity for growth and profitability.

Fluor Global Services Leadership

President & CEO - Jim Stein

Chief Financial Officer - Ken Lockwood

FLUOR CORPORATION

Chairman & CEO, Phil Carroll

Finance, Jim Rollans (search underway for Chief Financial Officer)

Information Technology, Dennis Benner

Human Resources, Fred Grigsby

Legal, Larry N. Fisher

Global Development, Sales & Marketing, John Hopkins

Strategic Planning, Jake Easton

Knowledge @ Work, Steve Gilbert

Fluor Daniel, Alan Boeckmann

Fluor Global Services, Jim Stein

A.T. Massey, Don Blankenship

Shared Services, Jim Rollans

Fluor Constructors International, Dick Flinton

Updated on 03/15/99

C 1999 Fluor Corporation - All rights reserved

ORG9903.DOC 3/22/99

July 13 2002


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