William Utt Named KBR President and CEO

Halliburton announced that William (Bill) P. Utt, 48, has been named president and chief executive officer of KBR, the engineering and construction subsidiary of Halliburton. The appointment is effective April 3, 2006.

"We are very pleased to welcome Bill to the Halliburton team," said Dave Lesar, Halliburton's chairman, president and chief executive officer. "Bill brings exceptional qualities to KBR as both an engineer and a business leader and he is well positioned to lead KBR with his seasoned background in energy, including liquefied natural gas (LNG) and other complex projects."

Utt, a more than 20-year industry veteran, has served as president and chief executive officer of Suez Energy North America since 2000. In this capacity, he had responsibility for Suez North America's LNG, retail energy, energy marketing and trading, power generation, and development businesses. From 1995-2000, he was president and CEO of Tractebel's North American energy businesses. Previously, he held increasingly responsible senior management and executive positions with CRSS, Inc. Utt started his career in 1984 with CRS Sirrine Engineers, Inc.

Utt holds bachelor's and master's degrees in mechanical engineering from the University of Virginia as well as a master's of business administration from The Colgate Darden Graduate School of Business Administration at the University of Virginia. Since 2003 he has served in various leadership positions for the Electric Power Supply Association, including his current role as Chairman. Utt has co-authored numerous industry related publications, and has been a panelist at various academic and industry conferences and symposiums on energy related issues. He is currently a trustee for the School of Engineering and Applied Science at the University of Virginia, and is also a trustee of Episcopal High School in Houston, Texas.

Utt will step into the top leadership position at KBR following Halliburton's announcement in January 2006 of its plans to separate KBR. The role of KBR President and CEO was previously eliminated in December 2004 when the company's business segments began reporting directly into Halliburton.