| Business Summary | | Foster
Wheeler
Ltd.'s,
formerly
known
as
Foster
Wheeler
Corporation,
business
falls
within
two
groups,
the
Engineering
and
Construction
Group
(E&C
Group)
and
the
Energy
Equipment
Group.
Commencing
in
fiscal
2000,
the
Company's
Power
Systems
Group
was
combined
with
the
Energy
Equipment
Group,
where
the
rest
of
the
Company's
power
expertise
resides.
The
Engineering
and
Construction
Group
designs,
engineers
and
constructs
petroleum,
chemical,
petrochemical
and
alternative-fuels
facilities
and
related
infrastructure,
including
power
generation
and
distribution
facilities,
production
terminals,
pollution
control
equipment
and
water
treatment
facilities
and
process
plants
for
the
production
of
fine
chemicals,
pharmaceuticals,
dyestuffs,
fragrances,
flavors,
food
additives
and
vitamins.
The
Energy
Equipment
Group
designs,
manufactures
and
erects
steam
generating
and
auxiliary
equipment
for
power
stations
and
industrial
markets
worldwide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Foster
Wheeler
offers
a
broad
range
of
design,
engineering,
construction,
manufacturing,
project
development
and
management,
research,
plant
operation,
and
environmental
services.
For
the
six
months
ended
6/29/01,
revenues
fell
17%
to
$1.54
billion.
Net
income
before
acct.
change
fell
41%
to
$10.1
million.
Results
reflect
fewer
new
orders
booked
in
Engineering
and
Construction,
a
$5
million
loss
on
the
sale
of
two
hydrogen
plants,
and
a
$1.6
million
charge
related
to
CEO
retirement. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Richard Swift, 55 Chairman,
Pres and CEO | $780K | Richard Renaud, 53 Sr.
VP, CFO | -- | James Schessler, 55 Sr.
VP, Director | -- | Thomas O'Brien, 61 Sr.
VP, Corp. Affairs and Gen. Counsel | 317K | Henry Bartoli, 53 Sr.
VP of the Energy Equipment Group | 355K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|