Cherry plucked from CEO role
A
Foster Wheeler product story
Edited by the Engineeringtalk editorial team
May 23, 2006
Bernard 'Bud' Cherry to end tenure as CEO of Foster Wheeler's Global Power Group in June, with Raymond Milchovich, the company's Chairman, President and CEO, assuming his management responsibilities.
Bernard 'Bud' Cherry will end his tenure as Chief Executive Officer of Foster Wheeler Global Power Group on 16th June 2006.
Initially following Cherry's departure, Raymond Milchovich, the company's Chairman, President and CEO, will assume Cherry's management responsibilities.
Cherry, 66, joined Foster Wheeler in November 2002 as President and Chief Executive Officer of Foster Wheeler North America.
In May 2004, Foster Wheeler consolidated the management of its North American and European power businesses into one global business, Foster Wheeler Global Power Group, under Cherry's leadership as Chief Executive Officer.
"I would like to thank Bud for his energy, commitment and contribution to Foster Wheeler", said Milchovich.
"He strengthened the operational and financial performance of our North American operations and led the successful consolidation of our worldwide power businesses into one business group".
"Under his leadership, the Global Power Group also secured a double world-first in the strategically important circulating fluidised-bed (CFB) boiler market, with the award of the new 460MW plant at Lagisza in Poland: the world's largest CFB boiler and the world's first supercritical CFB unit".
"As the markets served by our Global Power Group continue to strengthen, one of my top priorities going forward is to realise the full potential of our global power business".
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