Fluor passes CEO reins to Breuer; Constable becomes exec chair

Texas-based Fluor announced early Tuesday it is promoting chief operating officer Jim Breuer to chief executive officer while the current CEO and board chair David Constable will become executive chair effective May 1.

Fluor, a publicly-traded company, which has a large footprint in nuclear power as well as government contracts with the Department of Energy and Department of Defense, announced the management transition in a press release.

Breuer and Constable both spoke with Wall Street analysts Tuesday morning during Fluor’s fourth quarter earnings call.

Breuer has been chief operating officer since August 2024, and before that he was president of Fluor Energy Solutions segment that includes commercial nuclear power.

“I am incredibly proud of what we have achieved over the past four years under our ‘building a better future’ strategy, having strengthened our balance sheet, secured a high-quality backlog and restored stakeholder confidence in our project delivery value proposition,” said Constable, who was appointed CEO in January 2021. He has chaired the board of directors since May 2022 and first joined Fluor back in 1982 and advanced through the ranks until 2011 when he left to become CEO of Sasol Ltd.

“Jim has played an instrumental role in our success and the Board and I have full confidence in his ability to lead Fluor, as we transition from a ‘fix and build’ phase to the next chapter of our strategy, ‘grow and execute,’” Constable went on to say in the press release.