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Fluor COO Peter Oosterveer to Retire in March

Peter Oosterveer, chief operating officer of Fluor (NYSE: FLR), is set to depart the construction and engineering services contractor by the end of March after a 28-year career there.

Fluor said Wednesday Oosterveer will retire from the company and return to his native country of Netherlands for another job.

He previously served as group president of Fluor’s energy and chemicals business as well as senior vice president of the firm’s global chemicals and petrochemicals business.

Oosterveer also managed the company’s chemicals operations for Europe, Africa and the Middle East and was responsible for business development, sales and direct profit-loss.

Chief Financial Officer Biggs Porter also has decided to retire at the end of 2017.

He currently oversees finance, audit, investor relations, compliance, ethics and mergers and acquisitions functions of the company.

Before he joined Fluor in 2012, he previously held CFO-related positions at Tenet Healthcare Corp. (NYSE: THC), Raytheon  (NYSE: RTN) and Northrop Grumman (NYSE: NOC).

Porter also served as senior vice president and corporate controller at TXU Corp.; VP and controller at Vought Aircraft Company; external financial reporting manager at LTV Corp.; and audit principal at Arthur Young.

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