$7 billion global engineering and construction corporation appoints a new CEO—but he’ll make less than half as much as his predecessor

(Credit: Courtesy of Fluor)

• More than a century old Fluor announced a changing of the guard in the corner office. Newly appointed CEO Jim Breuer will replace David Constable, who is staying on as executive chairman. The company also named a new chief financial officer, ushering in new era of leadership at the top.

Global engineering, procurement, and construction corporation Fluor, founded more than a century ago, announced a change in the corner office earlier this week. The board of directors at the nearly $7 billion holding company named Jim Breuer as chief executive officer, effective May 1. Breuer was chief operating officer and held the C-suite role for less than a year but has been with Fluor for more than three decades. Current chairman and chief executive David Constable will transition into a new executive chairman role on the same date.