Jones Lang LaSalle


Foster Wheeler Group CEO Resigns
Martin C. Daks
NJBIZ Staff
5/18/2006

Foster Wheeler announced today that Bernard H. Cherry will step down June 16 as CEO of the company's Global Power Group. His management responsibilities will be picked up by Foster Wheeler CEO Raymond J. Milchovich. Cherry, 66, joined the Bermuda-based company, which has operational headquarters Clinton, in November 2002 as CEO of Foster Wheeler North America. In May 2004 he was named CEO of Foster Wheeler Global Power Group. Foster Wheeler engages in engineering, procurement, construction, manufacturing, and other services. The company’s stock (Nasdaq: FWLT) climbed 43 cents to $48.21 this morning.