Fluor Corporation announced that David E. Constable, Executive Chairman, will step down from the Board of Directors following the Annual Shareholders Meeting on May 6, 2026. James T. (Jim) Hackett, the company’s Lead Independent Director, will assume the role of Chairman of the Board on May 5, 2026.

Constable’s connection to Fluor spans 44 years. He began his career with the company in 1982, advancing through a series of global leadership roles that shaped Fluor’s operational and commercial capabilities.

After joining the Fluor Board in 2019, he chaired the Commercial Strategies and Operational Risk Committee, later becoming Chief Executive Officer (CEO) in 2021 and Chairman of the Board in 2022. He stepped down as CEO and transitioned into the role of Executive Chairman in 2025. His tenure is credited with reinforcing the financial foundation of the company and restoring confidence among clients, employees, partners and shareholders.

Constable also brought external executive experience to the Board. He served as CEO and Executive Director of Sasol from 2011 to 2016 and has held board positions with Anadarko and Rio Tinto, while continuing to serve as a board member at ABB, contributing a broad perspective on global industrial and energy markets.

“Serving Fluor’s employees, clients, and shareholders throughout my career has been one of my greatest honors,” Constable said. “With Fluor on a strong trajectory – financially, operationally, and strategically – the timing is right for my retirement. I am deeply grateful to the Board, leadership team, and my colleagues around the world for their support, and I look forward to watching Fluor continue to excel under Jim’s chairmanship.”

Hackett brings extensive governance experience and a deep knowledge of global markets. He has served as Director on Fluor’s Board since 2016, with former Board service from 2001 to 2015, and was appointed Lead Independent Director in 2025 as part of the Board’s commitment to strong independent oversight. His background includes senior leadership roles across the energy industry and prior service as Chairman of the Federal Reserve Bank of Dallas. He currently sits on the boards of Enterprise Products Holdings, LLC and SLB (formerly Schlumberger Limited).

“I am honored to take on the role of Chairman at this important time in Fluor’s evolution,” said Hackett. “David’s steady leadership has strengthened the company, rebuilt confidence among stakeholders, and positioned Fluor for long‑term success. His discipline, integrity, and unwavering commitment to excellence leave a powerful legacy. I look forward to working closely with my fellow directors and the management team to build on that momentum and continue delivering value for the company’s clients, employees, and shareholders.”