Foster Wheeler Appoints New CEO for Asia Pacific Operations

Foster Wheeler reports that, effective November 1, 2004, Franco Anselmi has been appointed chief executive officer of Foster Wheeler Asia Pacific (APAC).

Mr. Anselmi will succeed Gareth Attwood, who will be assuming the position of senior project director on one of Foster Wheeler's major international projects.

"The Asia Pacific region has always been a key market for Foster Wheeler, where we have built an impeccable track record for executing safe, successful projects," said Raymond J. Milchovich, chairman, president and CEO of Foster Wheeler Ltd. "Franco will provide the experience and leadership to deliver the company's full potential in this region."

Mr. Anselmi most recently has been responsible for project management, process design, engineering, procurement and construction in the company's execution centers in Italy, France, Spain and Turkey as director of contract operations for Foster Wheeler Continental Europe. He also has extensive project execution experience gained as project director for major projects in Europe and Asia. In the late 1980s, Mr. Anselmi established Foster Wheeler's Singapore operation, which has gone on to develop a reputation for EPC project execution excellence, and he served as its managing director for four years. He holds a degree in chemical engineering.

"Gareth has been instrumental in guiding the development of our Thailand operations into one of the region's largest and most cost-effective EPC operations," said Mr. Milchovich. "During the last year, Gareth has led the establishment of Foster Wheeler Asia Pacific, which has combined our engineering centers in Thailand, Singapore, Malaysia and China under one leadership, fully focused on providing clients in this strategically important region with a complete, cost-effective and responsive local service. We are grateful to him for his excellent work."