Amec Foster Wheeler creates four business units after merger

Amec Foster Wheeler (NYSE: AMFW) announced the creation of four business units in global engineering: project delivery, asset support, power equipment and consultancy, following a £5 billion merger between AMEC and Foster Wheeler AG.

The new company, Amec Foster Wheeler will continue its work in the mining, clean energy, power generation, environment and infrastructure markets. In addition, Amec Foster Wheeler will also continue to design, fabricate and supply advanced boiler systems for the power generation and industrial markets.

Operations will be managed through three geographic business units: Americas; Northern Europe & Commonwealth of Independent States; Africa, Middle East, Asia & Southern Europe.

“In creating our new company we are building on the proud heritage, skills and customer relationships of two already successful and highly respected businesses. Amec Foster Wheeler operates in more than 50 countries worldwide, in strong end markets and throughout the value chain,” said Samir Brikho, chief executive of Amec Foster Wheeler. “With our strong management team and talented workforce, we will not only serve our customers better, but can also offer our highly skilled employees even better career opportunities. I am proud to be leading the combined business into a new phase of growth.”

Reporting to Chief Executive Samir Brikho, the group presidents for the four business units are: Simon Naylor (Americas); John Pearson (Northern Europe & Commonwealth of Independent States); Roberto Penno (Africa, Middle East, Asia & Southern Europe); and Gary Nedelka (Global Power Group).

Ian McHoul serves as the chief financial officer; Jeff Reilly serves as the group president of Strategy & Business Development; Jon Nield serves as the group project delivery director; Will Serle has been named group human resources director); and Alison Yapp has been appointed general counsel and company secretary.

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