Foster Wheeler Promotes Nedelka to CEO of Global Power Group

Foster Wheeler Ltd. has announced the promotion of Gary T. Nedelka, 54, to Chief Executive Officer of the Company's Global Power Group (GPG), effective January 1, 2009.

Nedelka currently serves as President and CEO of Foster Wheeler Power Group International and Foster Wheeler North America Corp. He will assume the position from Raymond J. Milchovich, Foster  Wheeler's Chairman and CEO, who has served as acting CEO of GPG since 2006.

Nedelka joined Foster Wheeler in 1979 in an engineering position and subsequently held increasingly responsible positions in commercial operations and engineering management. He was General Manager of Foster Wheeler's office in Beijing from 1997 and, in 2000, established Foster Wheeler's operating companies in Shanghai and was appointed President and General Manager of Foster Wheeler China. He was promoted to his current position as head of Power Group International and North America Power in 2007.

"Gary is an exceptionally talented individual who is widely respected by clients and employees alike," said Milchovich. "He has an unsurpassed knowledge of power markets and brings a global perspective to his management of this business. We expect him to make a significant contribution to the ongoing success of our GPG business in the coming years. In the near term, Gary will transition to his new role over the next three months, working with Foster Wheeler's president and chief operating officer Umberto della Sala and me to ensure a seamless process for development of 2009 business strategy and budget planning."

Nedelka holds a Bachelor of Science degree in mechanical engineering from Clarkson College of Technology. He is a member of the American Society of Mechanical Engineers and is a registered professional engineer in New Jersey.


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