LIQUEFIED NATURAL GAS is pleased to announce the appointment of D. Michael Steuert as a non-executive director of LNG Limited with effect from 9 February 2015.
Mr Steuert is the company’s second US‐based non‐executive director following the appointment of Houston‐based Paul Cavicchi in October 2014.
He was previously the chief financial officer and senior vice president at Fluor Corporation from May 2001 until he retired in May 2012.
LNG chairman Richard Beresford said “We are honoured to have someone of Mike’s financial and business standing join the LNG board.”
“His experience and knowledge of financial matters and capital markets and his understanding of the global engineering and construction industry will be important in achieving the Company’s growth ambitions,” Mr Beresford said.
Commenting on Mr Steuert’s retirement David Seaton, Fluor’s chairman and chief executive officer said “Mike’s legacy will include leaving Fluor with a robust balance sheet, strong cash reserves, impeccable credit rating and little, if any, debt.”
“We appreciate all that Mike has done for Fluor during his tenure as CFO and we wish him the best in retirement,” Mr Seaton said.