Bechtel Corporation chairman Riley Bechtel.
Bechtel Corporation chairman Riley Bechtel. Contributed

Bechtel names new president and chief executive officer

BECHTEL has named a new president and CEO after Riley Bechtel stepped down as chief executive for health reasons.

Mr Bechtel, who will remain chairman of the company's board of directors, had been chairman and CEO of the company for nearly 25 years.

Bill Dudley, who has served as president and chief operating officer since 2008, has been named president and CEO of the Bechtel group of companies, which includes Bechtel Corporation and all of its subsidiaries worldwide.

Bechtel is responsible for construction of the three LNG projects on Gladstone's Curtis Island.

Mr Bechtel said Mr Dudley had been the company's top candidate for CEO succession for some time, and he was well qualified in every respect to take over.

"He will be an outstanding CEO for our company. He is highly regarded by our colleagues, customers, partners, and suppliers. I have tremendous confidence in Bill's ability to continue to move the company forward," he said.

Mr Dudley is the first non-family member to serve as president and CEO since the company's founding 116 years ago. 

In other appointments, Jack Futcher, currently president of the company's largest and most successful business unit - Oil, Gas, and Chemicals - has been named an executive vice president and sponsor of the Oil, Gas and Chemicals and Mining and Metals business units, as well as the regional organisations.

Brendan Bechtel, son of Riley Bechtel, succeeds Mr Futcher as president of the Oil, Gas and Chemicals business.

Brendan was previously general manager of the company's liquefied natural gas business.  

Alasdair Cathcart, a 25-year veteran of the company, will take over for Brendan as general manager of the LNG business.

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