KBR, Inc. (NYSE: KBR) today announced that William P. “Bill” Utt will retire from his role as Chairman, President and Chief Executive Officer in 2014. The Board of Directors has formed a search committee to identify his successor. To ensure a smooth transition, Mr. Utt will continue to lead KBR in his current positions until a new CEO is appointed and will support the Board’s search process. The Board has retained Russell Reynolds Associates, a leading executive search firm to assist in the process.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, chemicals, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.