Foster Wheeler elects Della Sala as president and chief
Posted: 05 February 2007
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Foster Wheeler said its board of directors has elected Umberto della Sala to the position of president and chief operating officer, effective immediately.
In this newly created role, Della Sala will report directly to Raymond J. Milchovich, chairman and chief executive officer, and will assume full responsibility for the Company's two business groups: the Global Engineering and Construction (E&C) Group and the Global Power Group.
"Umberto is a 33-year veteran of Foster Wheeler. He has served in a variety of engineering, commercial and operational roles in both Europe and North America , and has an excellent, in-depth knowledge of the contracting business," said Mr. Milchovich. "Umberto has proven himself as a strong, experienced, and visionary leader. Under his leadership as chief executive officer of our Global E&C Group, the Group has delivered an outstanding operational and business-winning performance and also has achieved a significant and well-managed growth in capacity. Previously, as president and chief executive officer of the Global E&C Group's Continental Europe business unit, Umberto dramatically improved the business unit's financial performance, consistently met or exceeded client expectations, and built a world-class management team.
"As well as continuing to lead the Global E&C Group, Umberto will assume immediate and full responsibility for the Global Power Group.
Having assumed the position of acting chief executive officer of the Global Power Group in June 2006, I will work closely with Umberto over the next six to eight months to ensure a successful transition. We have already made significant operational changes during the last year in the Global Power Group and Umberto will drive the transfer of industry best practices, which are already deeply embedded in the Global E&C Group's operations, into the Global Power Group's operations. I am highly confident that Umberto will continue to deliver a very significant contribution to the future growth and success of Foster Wheeler." |
