Bruce Stanski, who stepped down as Fluor chief finance officer in June as the company prepared to shed its government services business, is still consulting with the foundering construction giant as it seeks to right the ship, according to a regulatory filing.
Stanski late last week signed an agreement to provide “non-executive services” and assistance with litigation involving the company, if the need arises, through Feb. 28, according to an 8-K filing dated Oct. 24.
However, Stanski could break off the arrangement early if he finds a job elsewhere, according to the filing.
Michael Steuert is Fluor’s current chief financial officer, in his second stint in the position. He last served from 2001 through mid-2012. He stepped back into his old role in May, just before Stanski exited as finance chief.
Fluor this week booked a net loss of $782 million, or $5.57 per diluted share, as the company maneuvered to sell off its government segment — the part of the business that backstopped the company’s Department of Energy contracts. The sale is expected to be sealed by mid-2020.
