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Foster Wheeler AG (FWLT)On Nov 27: 30.35   0.00 (0.00%)  
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Foster Wheeler AG
Perryville Corporate Park
Clinton, NJ 08809-4000
United States - Map
Phone: 908-730-4000
Fax: 908-713-3245
Web Site: http://www.fwc.com

DETAILS 
Index Membership:Nasdaq 100
Sector:Industrial Goods
Industry:Heavy Construction
Full Time Employees:14,729

BUSINESS SUMMARY 
Foster Wheeler AG, together with its subsidiaries, provides construction and engineering services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant operation and maintenance industries worldwide. It operates through two groups, Global Engineering and Construction Group (Global E&C Group), and Global Power Group. The Global E&C Group designs, engineers, and constructs onshore and offshore upstream oil and gas processing facilities; natural gas liquefaction facilities and receiving terminals; gas-to-liquids facilities; oil refining; chemical and petrochemical; pharmaceutical and biotechnology facilities; power generation and distribution facilities; and gasification facilities. It also owns refinery residue upgrading technologies and a hydrogen production process used in oil refineries and petrochemical plants. In addition, this group performs environmental remediation services, and engages in the development, engineering, construction, and ownership of power generation and waste-to-energy facilities in Europe. The Global Power Group designs, manufactures, and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities. It also provides a range of site services, including construction and erection services, maintenance engineering, and plant upgrading and life extension. In addition, this group offers research and development services in the areas of combustion, fluid and gas dynamics, heat transfer, materials, and solid mechanics. Further, it owns and operates cogeneration, independent power production, and waste-to-energy facilities, as well as power generation facilities for the process and petrochemical industries. The company was formerly known as Foster Wheeler Ltd. and changed its name to Foster Wheeler AG in February 2009. Foster Wheeler AG was founded in 1894 and is based in Clinton, New Jersey.
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    KEY EXECUTIVES 
     PayExercised
    Mr. Raymond J. Milchovich , 59
    Chairman and Chief Exec. Officer
    $ 3.10M $ 0
    Mr. Umberto Della Sala , 61
    Pres, Chief Operating Officer and Acting Head of the Global E&C Group
    $ 1.85M $ 2.96M
    Mr. Franco Baseotto , 50
    Chief Financial Officer, Exec. VP, Treasurer and Chief Financial Officer of Foster Wheeler Continental Europe
    $ 939.00K $ 0
    Mr. Peter J. Ganz , 47
    Exec. VP, Sec. and Gen. Counsel
    $ 1.11M $ 1.03M
    Ms. Beth B. Sexton , 53
    Exec. VP of HR
    $ 594.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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