People: Foster Wheeler AG (FWLT.O)
FWLT.O on Nasdaq
26.02USD
9 Feb 2010
26.02USD
9 Feb 2010
Price Change (% chg)
$0.58 (+2.28%)
$0.58 (+2.28%)
Prev Close
$26.02
$26.02
Open
--
--
Day's High
$26.70
$26.70
Day's Low
$25.61
$25.61
Volume
3,107,000
3,107,000
Avg. Vol
3,003,697
3,003,697
52-wk High
$35.82
$35.82
52-wk Low
$12.73
$12.73
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
| Milchovich, Raymond | 60 | 2010 | Non-Executive Chairman of the Board |
| Flexon, Robert | 51 | 2010 | Chief Executive Officer, Director |
| Della Sala, Umberto | 61 | 2007 | President, Chief Operating Officer; CEO of Global Engineering and Construction Group |
| Baseotto, Franco | 51 | 2008 | Chief Financial Officer, Executive Vice President, Treasurer |
| Roder, W. Troy | 2009 | Chairman and Chief Executive Officer of Foster Wheeler Energy Ltd | |
| Nedelka, Gary | 55 | 2009 | President & Chief Executive Officer of Global Power Group (GPG) |
| Vaughan, Clive | 54 | 2009 | Chief Executive Officer - Upstream Oil and Gas Group |
| Sexton, Beth | 53 | 2008 | Executive Vice President - Human Resources |
| Rose, Peter | 63 | 2008 | Vice President, Chief Corporate Compliance Officer |
| Wood, Lisa | 42 | 2007 | Vice President, Controller |
| Sherbet, Eric | 45 | 2010 | Vice President, Corporate Secretary, Deputy General Counsel - Corporate |
| Desmaris, Thierry | 51 | 2007 | Vice President - Corporate Development |
| Jindal, Rakesh | 50 | 2005 | Vice President - Tax |
| Wardlaw, David | 54 | 2004 | Vice President - Project Risk Management Group |
| Davies, Michelle | 49 | 2010 | Acting General Counsel |
| Atkinson, Eugene | 64 | 1995 | Director |
| Woods, James | 78 | 2002 | Director |
| Hanbury-Brown, Stephanie | 52 | 2004 | Director |
| Galante, Edward | 58 | 2008 | Director |
| Demetriou, Steven | 51 | 2008 | Director |
| Tart-Bezer, Maureen | 54 | 2008 | Director |
| Daley, Clayton | 57 | 2009 | Director |
Biographies
| Name | Description |
|---|---|
| Milchovich, Raymond | Mr. Raymond J. Milchovich serves as Non-Executive Chairman of the Board of Foster Wheeler Ltd. effective June 1, 2010. Mr. Raymond J. Milchovich had been Chairman and Chief Executive Officer of Foster Wheeler AG since October 2001, and was President from October 2001 until January 2007. From January 2000 until October 2001, Mr. Milchovich served as the Chairman, President and Chief Executive Officer of Kaiser Aluminum Corporation and its subsidiary, Kaiser Aluminum & Chemical Corporation, a producer and marketer of aluminum and aluminum fabricated products. He is also a director of Delphi Corporation, a company specializing in mobile electronics and transportation components and systems technology. |
| Flexon, Robert | Mr. Robert C. Flexon has been appointed as Chief Executive Officer of Foster Wheeler Ltd. effective June 1, 2010 along with serving as a Director. Mr. Robert C. Flexon had served as President and Chief Executive Officer of Foster Wheeler USA Corporation, Foster Wheeler AG's Global Engineering and Construction Group subsidiary effective November 16, 2009. He serves as Director of Foster Wheeler AG since 2006. Mr. Flexon has been the Executive Vice President and Chief Financial Officer of NRG Energy, Inc., a wholesale power generation company primarily engaged in the ownership and operation of power generation facilities and the sale of energy, capacity and related products in the United States and internationally and whose shares are publicly traded on the NYSE, since February 2009. From March 2008 until February 2009, Mr. Flexon was the Executive Vice President and Chief Operating Officer of NRG Energy, Inc. and from March 2004 until March 2008, he served as Executive Vice President and Chief Financial Officer of NRG Energy, Inc. From 2000 until June 2001, Mr. Flexon served as Vice President, Business Analysis & Controller, and, from October 2001 until March 2004, was Vice President, Work Process Improvement and Business Development of Hercules, Inc., a company engaged in the manufacture of specialty chemicals used in making a variety of products for home, office, and industrial markets and whose shares are publicly traded on the NYSE. Mr. Flexon, a certified public accountant, was an Audit Manager with Coopers & Lybrand in the 1980s and held various key accounting-related positions, including General Auditor, with Atlantic Richfield Company from 1987 to 2000. |
| Della Sala, Umberto | Mr. Umberto Della Sala was elected President and Chief Operating Officer of Foster Wheeler AG on January 30, 2007. Prior to his current position, Mr. della Sala served and continues to serve as Chief Executive Officer of Global E&C Group since June 2005, and also served since 2001 as the President and Chief Executive Officer of Foster Wheeler Continental Europe S.r.l. and Chief Executive Officer of Foster Wheeler Italiana S.p.A., an indirect, wholly-owned subsidiary within Global E&C Group. He has also held other senior positions with the company, including Vice President of Foster Wheeler USA Corporation, another indirect, wholly-owned subsidiary within Global E&C Group, from 1997 to 2000. Mr. Della Sala, has been employed by Foster Wheeler AG for 35 years, serving the company and subsidiaries in various positions of increasing responsibility in Europe and in the United States. |
| Baseotto, Franco | Mr. Franco Baseotto has served as Executive Vice President and Chief Financial Officer of Foster Wheeler AG since August 13, 2007. Mr. Baseotto was also elected Treasurer on January 31, 2008. Mr. Baseotto has been employed by the Company for 18 years, also serving the subsidiaries in various positions of increasing responsibility in Europe and the United States. From July 2005 to August 2007, Mr. Baseotto served as the Financial Leader of Global Engineering and Construction Business Group (which is refered as Global E&C Group) and, from October 2003 to August 2007, as the Chief Financial Officer of Foster Wheeler Continental Europe S.r.l., an indirect, wholly-owned subsidiary within the Global E&C Group. From March 2003 to July 2003, Mr. Baseotto served as Director of Finance of Foster Wheeler Inc., an indirect, wholly-owned subsidiary domiciled in the United States. From June 1998 to February 2003, Mr. Baseotto served as Director of Finance of Foster Wheeler Continental Europe S.r.l. |
| Roder, W. Troy | Mr. W. Troy Roder has been appointed as Chairman and Chief Executive Officer of Foster Wheeler Energy Ltd effective November 16, 2009. He held increasingly senior roles during his seventeen-year career at Foster Wheeler with various management and project execution positions in the chemical, petrochemical, oil and gas, refining and power industries. He holds a Bachelor of Science in Engineering from Purdue University and an Master of Business Administration from DePaul University. |
| Nedelka, Gary | Mr. Gary T. Nedelka was promoted to the position of Chief Executive Officer and President of Global Power Group, effective January 1, 2009. Mr. Nedelka has been employed by Foster Wheeler AG for 28 years, also serving the subsidiaries in various positions of responsibility in commercial operations and engineering management. Prior to his current position, Mr. Nedelka served as President and Chief Executive Officer of Foster Wheeler North America Corp., an indirect, wholly-owned subsidiary within Global Power Group since 2006. From 2000 to 2006, Mr. Nedelka served as President and General Manager of operating companies in China. |
| Vaughan, Clive | Mr. Clive Vaughan has been appointed as Chief Executive Officer, Upstream Oil and Gas Group, Foster Wheeler's Global Engineering and Construction Group effective December 7, 2009. Mr. Vaughan joins Foster Wheeler from Endeavour International, where he was Director of Facilities Engineering and New Developments for all Endeavour projects. Prior to this position, he worked for Granherne Ltd, which is a division of KBR and which is a global energy-industry engineering company and consultancy headquartered in the United Kingdom. Granherne has operations in North America and Russia -- and in Australia where Vaughan had most recently been the managing director. Prior to joining Granherne in 1999, Vaughan had held various engineering and management positions with Saipem, BHP (Hamilton Brothers Oil & Gas Ltd), McDermott, British Gas Corporation and other firms. He holds a Bachelor of Science degree in Chemical Engineering from the Polytechnic of Wales (University of Glamorgan). He is a member of the Institution of Chemical Engineers, the Society of Petroleum Engineers and is a Chartered Engineer. |
| Sexton, Beth | Ms. Beth B. Sexton was elected as Executive Vice President of Human Resources of Foster Wheeler AG on April 7, 2008. Prior to joining the company, Ms. Sexton was Senior Vice President of Human Resources for IKON Office Solutions from March 1998 to February 2008 and Vice President of Human Resources for IKON Office Solutions from March 1996 to February 1998. Ms. Sexton also previously held a series of positions in human resource management with increasing responsibilities at CH2M Hill from April 1987 to March 1996. |
| Rose, Peter | Mr. Peter D. Rose was elected Vice President and Chief Corporate Compliance Officer of Foster Wheeler AG on January 31, 2008. From May 2007 to January 2008, Mr. Rose was Vice President and Treasurer. Mr. Rose has been employed by the company for 31 years. From March 2004 until May 2007, Mr. Rose served as Vice President, Internal Audit and Chief Corporate Compliance Officer of Foster Wheeler Inc. and Foster Wheeler International Holdings, Inc., an indirect, wholly-owned subsidiary. From May 1987 until March 2004, he served as Assistant Treasurer of Foster Wheeler Inc. and Foster Wheeler International Holdings, Inc., and as Vice President of Foster Wheeler Capital & Finance Corporation, an indirect, wholly-owned subsidiary. |
| Wood, Lisa | Ms. Lisa Z. Wood was elected Vice President and Controller of Foster Wheeler AG on June 21, 2007. Ms. Wood has been employed by the company for 12 years. From March 2003 until June 2007, Ms. Wood served as Chief Accounting Officer of Foster Wheeler Inc., and from August 1997 until March 2003, she served in various financial positions of Foster Wheeler Inc. |
| Sherbet, Eric | Mr. Eric Sherbet has been appointed as Corporate Secretary of Foster Wheeler Ltd. effective January 1, 2010 along with serving as Vice President and Deputy General Counsel - Corporate. Mr. Sherbet joined the company in 2007 from Avaya Inc., a provider of communication solutions and software and services, where he was Vice President, Corporate and Securities Law and Corporate Secretary. Prior to that, he had been a corporate associate in the New York offices of Willkie Farr & Gallagher LLP and Paul, Hastings, Janofsky & Walker LLP. Mr. Sherbet holds a Bachelor of Science in Commerce degree with a concentration in Accounting from the University of Virginia and a Juris Doctor degree from New York University School of Law. He is Vice President of the New York Chapter of the Society of Corporate Secretaries and Governance Professionals and a member of the Society's Board of Directors. |
| Desmaris, Thierry | Mr. Thierry Desmaris was elected Vice President of Corporate Development of Foster Wheeler AG on February 27, 2007. Mr. Desmaris has been employed by the company for 22 years. Prior to his current position, Mr. Desmaris served as Vice President and Treasurer since January 2004. From November 2003 until January 2004, Mr. Desmaris served as Vice President, Finance. From January 2003 to October 2003, Mr. Desmaris served as the Chief Financial Officer of Foster Wheeler Continental Europe S.r.l., and from January 2002 until December 2002, he served as Assistant Controller and Director of Project Finance of Foster Wheeler Inc. |
| Jindal, Rakesh | Mr. Rakesh K. Jindal was elected Vice President of Tax of Foster Wheeler AG on January 25, 2005. From June 2000 until January 2005, Mr. Jindal served as Corporate Tax Director of Foster Wheeler Inc., and, from December 1996 until June 2000, he served as Assistant Director of Tax of Foster Wheeler Inc. |
| Wardlaw, David | Mr. David Wardlaw was elected Vice President - Project Risk Management Group of Foster Wheeler AG on July 1, 2004. Mr. Wardlaw is a chemical engineer, and has been employed by the company for 32 years. Mr. Wardlaw has been a director of U.K. subsidiary, Foster Wheeler Energy Limited, since July 1996, and has served in various executive positions with that company, including as Director of Pharmaceuticals from July 2003 until July 2004, Director of Engineering from January 1998 until July 2003, and Director of Commercial Operations from July 1996 until January 1998. |
| Davies, Michelle | Ms. Michelle Davies has been appointed as General Counsel of Foster Wheeler Ltd. effective January 1, 2010. Ms. Davies most recently served as General Counsel of the company's largest subsidiary, Foster Wheeler Energy Limited (FWEL), based in Reading, England. Ms. Davies, who has more than 25 years of experience in complex corporate legal matters in the United Kingdom, joined FWEL in 2008 from English Welsh & Scottish Railway Limited, where she had been Group Legal Director and Company Secretary and Member of the Executive Committee. Prior to that, she had been Head of Legal and Regulatory Affairs and Company Secretary for NIREX Limited, a company owned by the nuclear industry that was set up to dispose of intermediate and low level radioactive waste. She holds an LLB with Honors from the University of Reading. |
| Atkinson, Eugene | Mr. Eugene D. Atkinson serves as Director of Foster Wheeler AG since 1995. Mr. Atkinson is the founder and has been the Managing Partner of Atkinson Capital, LLC, an investor in hedge funds, since June 2005. From May 2000 until May 2005, Mr. Atkinson was a Managing Partner with RHJ Industrial Partners, a private equity firm. From 1984 until 1990, Mr. Atkinson was a Limited Partner with The Goldman Sachs Group Inc., a global investment banking, securities and investment management firm, and from 1990 until 1999 he served as Chairman of Goldman Sachs (International). |
| Woods, James | Mr. James D. Woods serves as Director of Foster Wheeler AG since 2002. Mr. Woods has been the Chairman Emeritus and retired Chief Executive Officer of Baker Hughes Incorporated, a provider of products and services to the worldwide oil and gas industry, since January 1997. From April 1987 until January 1997, Mr. Woods served as Chief Executive Officer of Baker Hughes, and, from January 1989 until January 1997, he also served as Chairman of Baker Hughes. He is also a director of ESCO Technologies and Complete Production Services, Inc., each of whose shares are publicly traded on the NYSE. |
| Hanbury-Brown, Stephanie | Ms. Stephanie Hanbury-Brown serves as Director of Foster Wheeler AG since 2004. Ms. Hanbury-Brown has been the Managing Director of Golden Seeds LLC, which provides investment capital to early stage, high growth companies, since its founding in 2004. Prior to that, she spent 20 years working in the financial services industry in Sydney, London and New York. The majority of her career was with J.P. Morgan, where she headed several global businesses including Global Head of Futures and Options, Head of International Private Banking, Chief Operating Officer of Global Equities and Head of eCommerce. She is currently a member of the board of directors of Artemis Woman, a private company. Ms. Hanbury-Brown also serves as a member of the board of directors of RiskMetrics Group, Inc., a provider of risk management and corporate governance products and services whose shares are traded on the NYSE. |
| Galante, Edward | Mr. Edward G. Galante serves as Director of Foster Wheeler AG since 2008. Mr. Galante served as a Senior Vice President and member of the Management Committee of Exxon Mobil Corporation, the largest publicly traded petroleum and petrochemical enterprise in the world, from August 2001 until his retirement in 2006. From 1999 to August 2001, Mr. Galante was Executive Vice President of ExxonMobil Chemical Company and, from 1997 to 1999, Mr. Galante was Chairman and Managing Director of Esso (Thailand) Public Company Limited. Since 1972, Mr. Galante served in increasingly responsible management positions with Exxon Mobil Corporation. Mr. Galante is also a director of Praxair, Inc., one of the world’s largest industrial gases companies and whose shares are publicly traded on the NYSE. |
| Demetriou, Steven | Mr. Steven J. Demetriou serves as Director of Foster Wheeler AG since 2008. Mr. Demetriou has been the Chairman and Chief Executive Officer of Aleris International, Inc., a producer of aluminum rolled products, since December 2004. In February 2009, Aleris International, Inc. filed a petition for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code. From June 2004 to December 2004, Mr. Demetriou served as President, Chief Executive Officer and Director of Commonwealth Industries, Inc., a manufacturer of aluminum sheet and flexible aluminum conduit, and from 2001 until June 2004, Mr. Demetriou served as President and Chief Executive Officer of Noveon, Inc., a specialty chemical company. Mr. Demetriou has also held various management and leadership positions with IMC Global Inc., Cytec Industries Inc., and Exxon Mobil Corporation. Mr. Demetriou is also a director of OM Group, Inc., a diversified, global developer, producer and marketer of value-added, metal-based specialty chemicals and advanced materials and whose shares are publicly traded on the NYSE. |
| Tart-Bezer, Maureen | Ms. Maureen B. Tart-Bezer is Director of Foster Wheeler AG. Ms. Tart-Bezer served as the Executive Vice President and Chief Financial Officer of Virgin Mobile USA, a wireless mobile virtual network operator from January 2002 through June 2006. From January 2000 through December 2001, she was the Executive Vice President and General Manager of the American Express Company, U.S. Consumer Charge Group and from 1977 to January 2000 served in various senior financial positions with AT&T Corporation including Senior Vice President and Corporate Controller as well as Senior Vice President and Chief Financial Officer for the Consumer Services Group. Ms. Tart-Bezer currently serves on the board of directors of The Great Atlantic & Pacific Tea Company, Inc., a company whose shares are publicly traded on the NYSE. She also served as a director of Playtex Products, Inc., also a NYSE-traded company until the company was acquired in October 2007. |
| Daley, Clayton | Mr. Clayton C. Daley, Jr., is Director of Foster Wheeler AG. He was Vice Chairman of The Procter & Gamble Company, a consumer products company, from January 2009 until his retirement in September 2009. Mr. Daley was the Vice Chairman and Chief Financial Officer of The Procter & Gamble Company from July 2007 to January 2009 and its Chief Financial Officer from October 1998 until July 2007. Mr. Daley currently serves on the Board of Directors of Nucor Corporation and Starwood Hotels & Resorts Worldwide, Inc. He has served as a Member of the Financial Executives International organization since 1991. Since 1998, Daley has served as a Member of the Officers Conference Group and as a Member of the Council of Financial Executives. He was awarded Institutional Investor magazine's Top CFO, Consumer Products: 2004, 2005 2006, 2007, 2008, and 2009. He also serves as Director of Dan Beard Council, Boy Scouts of America, and has served as a member of the Board of Directors of Cancer Family Care, Inc. Mr. Daley holds a Bachelor of Arts in Economics from Davidson College and an Master of Business Administration from Ohio State University. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
| Milchovich, Raymond | 7,378,310 |
| Flexon, Robert | -- |
| Della Sala, Umberto | 7,186,200 |
| Baseotto, Franco | 1,707,910 |
| Roder, W. Troy | -- |
| Nedelka, Gary | -- |
| Vaughan, Clive | -- |
| Sexton, Beth | 1,038,810 |
| Rose, Peter | -- |
| Wood, Lisa | -- |
| Sherbet, Eric | -- |
| Desmaris, Thierry | -- |
| Jindal, Rakesh | -- |
| Wardlaw, David | 857,912 |
| Davies, Michelle | -- |
| Atkinson, Eugene | -- |
| Woods, James | -- |
| Hanbury-Brown, Stephanie | -- |
| Galante, Edward | -- |
| Demetriou, Steven | -- |
| Tart-Bezer, Maureen | -- |
| Daley, Clayton | -- |
As Of 25 Dec 2008
Options Compensation
| Name | Options | Value |
|---|---|---|
| Milchovich, Raymond | 2,162,135 | 63,029,130 |
| Flexon, Robert | 0 | 0 |
| Della Sala, Umberto | 343,396 | 8,526,590 |
| Baseotto, Franco | 27,402 | 668,960 |
| Roder, W. Troy | 0 | 0 |
| Nedelka, Gary | 0 | 0 |
| Vaughan, Clive | 0 | 0 |
| Sexton, Beth | 0 | 0 |
| Rose, Peter | 0 | 0 |
| Wood, Lisa | 0 | 0 |
| Sherbet, Eric | 0 | 0 |
| Desmaris, Thierry | 50,076 | 315,635 |
| Jindal, Rakesh | 0 | 0 |
| Wardlaw, David | 40,942 | 830,001 |
| Davies, Michelle | 0 | 0 |
| Atkinson, Eugene | 0 | 0 |
| Woods, James | 0 | 0 |
| Hanbury-Brown, Stephanie | 0 | 0 |
| Galante, Edward | 0 | 0 |
| Demetriou, Steven | 0 | 0 |
| Tart-Bezer, Maureen | 0 | 0 |
| Daley, Clayton | 0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
| DELLA SALA UMBERTO | 3,000 | $35.00 |
| DELLA SALA UMBERTO | 7,000 | $30.05 |
| DELLA SALA UMBERTO | 7,951 | $0.00 |
| GANZ PETER | 21,093 | $0.00 |
| BASEOTTO FRANCO | 9,668 | $0.00 |
| ROSE PETER D | 1,538 | $0.00 |
| WARDLAW DAVID | 958 | $29.80 |
| WOOD LISA ZARDET | 1,468 | $29.80 |
| JINDAL RAKESH K | 1,158 | $0.00 |
| FLEXON ROBERT C | 1,940 | $0.00 |
| NEDELKA GARY T | 2,315 | $29.80 |
| DESMARIS THIERRY | 1,309 | $29.80 |
| DELLA SALA UMBERTO | 4,145 | $29.80 |
| GANZ PETER | 19,408 | $29.80 |
| WARDLAW DAVID | 1,082 | $0.00 |
| WOOD LISA ZARDET | 911 | $0.00 |
| SEXTON BETH B | 1,078 | $0.00 |
| NEDELKA GARY T | 1,262 | $0.00 |
| JINDAL RAKESH K | 2,197 | $0.00 |
| DESMARIS THIERRY | 1,010 | $0.00 |
| DALEY CLAYTON C JR | 206 | $0.00 |
| ATKINSON EUGENE D | 1,940 | $0.00 |
| GANZ PETER | 3,664 | $0.00 |
| BASEOTTO FRANCO | 1,944 | $0.00 |
| ROSE PETER D | 464 | $0.00 |





