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William Utt to Retire as KBR’s Chairman, President & CEO in 2014

William Utt
William Utt

William “Bill” Utt plans to retire from KBR (NYSE:KBR) as chairman, president and CEO in 2014.

KBR’s board of directors has formed a special committee and hired executive search firm Russell Reynolds Associates to help identify the company’s next CEO, KBR said Nov. 7.

kbr logoUtt will continue to lead the company as chief executive until the board appoints his successor.

“Under his leadership, KBR has built a strong foundation for growth and navigated many unique challenges of our industry, ” said Loren Carroll, a lead director at KBR.

Utt said he is leaving the company after more than eight years to pursue other professional and personal interests.

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