KBR, INC. (NYSE:KBR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)Departure of Directors or Certain Officers.
On March5,2019, Loren K. Carroll confirmed to KBR, Inc. (“KBR”) that he will be retiring from the KBR Board of Directors (“Board”) effective May15,2019, at KBR’s 2019 Annual Meeting of Stockholders in accordance with the Board’s retirement policy. It is the policy of the Board that each non-executive director will retire from the Board by the annual meeting of stockholders following his or her seventy-fifth birthday.
Mr. Carroll’s 12-year service on the Board began in April 2007 when KBR became a stand-alone company. During his tenure, Mr. Carroll served on every Board committee and was Chairman of both the Compensation and Nominating and Corporate Governance Committees. In 2014, after having served as Lead Director for two years, Mr. Carroll began serving as KBR’s first non-executive Chairman of the Board. Upon Mr. Carroll’s retirement from the Board, General Lester L. Lyles, USAF (Ret.), will become KBR’s non-executive Chairman of the Board.
Stuart Bradie commented that “Mr. Carroll’s governance for the past 12 years has been integral to KBR’s development, transformation, and numerous achievements. We are grateful to Mr. Carroll for his outstanding service and wish him well in his retirement.”
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.
