KBR Names DeNicola New CFO

KBR has named T. Kevin DeNicola as the company's Senior Vice President and Chief Financial Officer. DeNicola's responsibilities will include oversight of KBR's Treasury, Accounting and Finance, Investor Relations, Tax and Internal Audit operations. DeNicola served recently as CFO at Houston-based Lyondell Chemical Company.

"Having served as Lyondell's CFO for six years in addition to having managed the companyís ethylene business, Kevin brings solid financial and operational experience to KBR," said William P. Utt, KBRís Chairman, President and CEO. "His tenure at Lyondell spanned 16 years and also included Vice President of Corporate Development and Director of Investor Relations. I am confident that under Kevin's leadership, KBR will continue to create shareholder value. I want to thank Chip Schneider for his service as interim CFO. Under Chipís leadership, KBR's day-to-day financial operations continued to function smoothly and successfully. I thank Chip and his team for their hard work."

"I am pleased to become part of the KBR team and look forward to building on the work already accomplished to create shareholder value and deliver financial success for the company," said DeNicola.

DeNicola holds an MBA from Rice University and a M.S. in Chemical Engineering from the University of Virginia. He is a CPA and a member of the Board of Directors of Comerica, Inc. where he serves as Vice Chairman of the Audit Committee.

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