KBR, Inc. announces that Raymond L. Carney has been appointed as KBR’s new Vice President and Chief Accounting Officer, effective May 30, 2017. Mr. Carney replaces Nelson E. Rowe, Sr. who has been promoted to Senior Vice President/Officer of Financial Planning and Investor Relations.

Previous to Mr. Carney’s appointment with KBR, he was Vice President and Chief Accounting Officer of Exterran Corporation since April 2016, and was Vice President, Controller and Chief Accounting Officer of Dresser-Rand Group Inc. from August 2008 to March 2016. Prior to Dresser-Rand, Mr. Carney spent six years with Alcoa first as Manager, Financial Transactions and subsequently as Group Controller for Global Rolled Products, Hard Alloy Extrusions and Asia. Mr. Carney began his career at Ernst & Young, where he served in a variety of positions during his 13-year tenure. He received his Bachelor of Science in Accounting from Pennsylvania State University in 1989 and is a CPA.

In connection with his appointment as Vice President and Chief Accounting Officer of KBR, Mr. Carney will receive an annual base salary of $310,000, prorated to his date of employment, eligibility to participate in KBR’s stock and incentive plan (the “LTI Plan”) for KBR’s 2017 fiscal year with the estimated target grant date value of Mr. Carney’s 2017 LTI Plan award expected to be $300,000, comprised ⅔ of Performance Award Units and ⅓ Restricted Stock Units, and is entitled to a 90-day notice period for an involuntary termination on or before December 31, 2017 and 180-day notice period after December 31, 2017. He is also eligible to participate in KBR’s annual incentive plan for KBR’s 2017 fiscal year and to participate in the other compensation and benefit plans generally available to KBR’s senior executives.

About KBR, Inc. (NYSE:KBR)

KBR, Inc. (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS). Its T&C segment combines KBR technologies, knowledge-based services and its three specialty consulting brands, Granherne, Energo and GVA, under a customer-facing global business. Its E&C segment offers project delivery solutions from conceptual planning, through FEED and execution planning, to full EPC delivery and ongoing asset services, such as maintenance and turnarounds. Its GS segment focuses on service contracts with annuity streams particularly for the United Kingdom, Australian and the United States Governments. It provides services to a customer base, including international and national oil and gas companies and petrochemical producers.

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KBR, Inc. (NYSE:KBR) closed its last trading session 00.00 at 14.85 with 1,476,223 shares trading hands.