Oct. 20, 2009 (Business Wire) -- Foster Wheeler AG (Nasdaq: FWLT) announced today that it has appointed Robert C. Flexon, 51, as President and Chief Executive Officer of Foster Wheeler USA (FWUSA) Corporation, the company's Global Engineering and Construction Group subsidiary based in Houston, Texas, effective November 16, 2009. He succeeds W. Troy Roder, who, as previously announced, had formerly served in this capacity and who has been named as Chairman and Chief Executive Officer of Foster Wheeler Energy Ltd. (FWEL), which is based in Reading, England.

Flexon is currently Executive Vice President and Chief Financial Officer of NRG Energy, Inc., a wholesale power generation company primarily engaged in the ownership and operation of power generation facilities and the sale of energy, capacity and related products. He has also served as a member of the Foster Wheeler AG board of directors since 2006 and will continue to serve in that capacity through November 16, 2009.

Raymond J. Milchovich, Chairman and Chief Executive Officer of Foster Wheeler AG, said, "Having worked very closely with Bob in his role as chair of our audit committee and as a member of our board for three years, I feel that I know him very well. I have tremendous respect for Bob's business judgment, intelligence, work ethic, and the very constructive way in which he has worked with and added value to the functionality of Foster Wheeler's board and management. We are very fortunate that we have been able to recruit Bob to this very important position at this time and I look forward to working very closely with him in this new capacity."

Foster Wheeler's President and Chief Operating Officer Umberto della Sala said, "Bob understands the company and its culture. Combined with his knowledge of our industry, we expect him to be an exceptionally strong leader for Foster Wheeler USA."

Flexon joined NRG in 2004 and, in addition to serving as Executive Vice President and CFO, he had also served as NRG's Executive Vice President and Chief Operating Officer from March 2008 to February 2009, overseeing NRG's plant and commercial operations, environmental compliance and risk management, as well as the Engineering, Procurement and Construction division. Before joining NRG, he was Vice President, Corporate Development & Work Process and Vice President, Business Analysis and Controller of Hercules, Inc. Flexon also held various financial management positions with Atlantic Richfield Company from 1987 to June 2000, including General Auditor, Franchise Manager and Controller. He began his career with the former Coopers & Lybrand public accounting firm. Flexon holds a Bachelor of Science degree in Accounting from Villanova University. He is a Certified Public Accountant.