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WOR Worley Limited

14.22
0.25 (1.79%)
22 Nov 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Worley Limited ASX:WOR Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 1.79% 14.22 14.16 14.24 14.24 14.05 14.10 1,119,725 06:01:29

KBR Names Industry Veteran Bradie as Next CEO

09/04/2014 3:20pm

Dow Jones News


Worley (ASX:WOR)
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KBR Inc. on Wednesday said it appointed Stuart Bradie as its new chief executive starting in June, when the longtime industry veteran will succeed William P. Utt, who is retiring.

Mr. Bradie, who also will join the engineering, construction and defense services company's board, comes to KBR from Australian engineering contractor WorleyParsons Ltd., where he most recently was group managing director for operations and delivery.

Mr. Utt, who has been CEO since March 2006 and chairman since 2007, announced his plans to retire from Houston-based KBR late last year.

In February, KBR posted declining revenue for its 18th straight quarter, while its profit fell 10%, dragged down by various charges. The company's sales have flagged in recent months as defense contractors have faced reduced government spending.

Write to Tess Stynes at tess.stynes@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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