This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Charles R. Cox Appointed Chairman And CEO Of Furmanite Corporation; Michael L. Rose Retires

Furmanite Corporation (NYSE: FRM) announced that Charles R. Cox, a director of Furmanite since 1995, has been appointed chairman and CEO by the board of directors. His appointment follows the retirement of Michael L. Rose as chairman and CEO and as a director. The board also appointed Kevin R. Jost as a director to fill the vacancy.

An industrial services, engineering and construction industry veteran, Mr. Cox has 37 years of leadership experience, including 29 years with Fluor Corporation. His senior executive roles at Fluor include U.S. and global operations, serving clients in a wide range of industries. After retiring from Fluor in 1998, he served as chairman and CEO of WRS Infrastructure & Environment, Inc., a private equity group held company, from 2001 to 2006. Since then, he has served as chairman of two additional firms held by the same private equity group. Mr. Cox, 67, has been a member of the Furmanite board of directors since 1995. Mr. Cox also previously served on the boards of two other publicly traded firms, Kaneb Services LLC (NYSE: KSL) and Kaneb Pipe Line Partners, L.P. (NYSE:KPP).

Mr. Rose, 71, joined Furmanite in July 2005 and served the company first as president and chief operating officer since August 2005 and then as chairman of the board and CEO since January 2009.

“On behalf of the Board and management team, I want to thank Mike for his outstanding service to Furmanite, and welcome Charlie in this new and expanded role,” said Sangwoo Ahn, presiding non-executive director of Furmanite’s board. “Charlie is uniquely qualified to lead Furmanite, based on both his professional background and his deep knowledge of the company. He brings senior level strategic leadership skills, large scale global operational experience and an entrepreneurial commitment to value creation. We are confident that, through his experience and his solid understanding of Furmanite’s markets and operations, Charlie will drive a high level of performance going forward.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FRM $6.48 5.88%
AAPL $110.78 0.36%
FB $94.01 2.11%
GOOG $641.47 2.32%
TSLA $246.15 -0.57%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs