Amec Foster Wheeler CEO Steps Down

Amec Foster Wheeler announced Monday that Samir Brikho is stepping down as the company’s chief executive.

As a result, Amec’s chief financial officer Ian McHoul has been appointed as interim CEO with immediate effect and will chair the group leadership team while the search for a new CEO continues. Both internal and external candidates will be considered for the role, according to an Amec statement, although McHoul will not put himself forward for the role. No reason was given regarding Brikho’s decision to step down.

John Connolly, Amec Foster Wheeler’s chairman, commented in a company statement:

"Samir has been the chief executive for over nine years and has made a significant contribution to our development over this period, including the re-shaping and re-focusing of the business at the start of his tenure to build up the global company Amec Foster Wheeler is today. On behalf of the board and everyone at Amec Foster Wheeler I thank Samir for his commitment and contribution. We wish him the best for the future.

"The board has mandated Ian to continue driving forward the company's previously stated priorities."

Former Amec chief executive Samir Brikho said in a company statement:

"It has been a privilege to lead Amec Foster Wheeler at a time of huge change in the global energy and commodities market. My aim has always been to help to create a leading integrated global service company capable of meeting our customer demands. I am so appreciative of the unstinting work and support of the 40,000 colleagues who all contribute to Amec Foster Wheeler's success."



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