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KBR ANNOUNCES NEW DIVISIONS AND MANAGEMENT
APPOINTMENTS
- Company aims to maximize profitability, better serve customers
and improve shareholder value -
HOUSTON, Texas - KBR, the engineering and construction
subsidiary of Halliburton (NYSE: HAL), announced today that KBR
will move from five product lines to two distinct divisions, the
energy and chemicals division and the government and infrastructure
division. Lou Pucher has been named Senior Vice President, energy
and chemicals division, and Bruce Stanski has been named Senior
Vice President, government and infrastructure division. Both appointments
are effective October 1, 2004.
"This is a new KBR. We will be a streamlined, efficient and more
profitable organization," said Andrew Lane, president and chief
executive officer, KBR. "KBR's strength is in engineering and
project management and with this new alignment we plan to further
capitalize on our core company strengths and capabilities. KBR
has had a strong historical position in LNG and oil and gas for
many years and is a leading government services contractor as
well."
Both divisions will have the necessary resources to successfully
compete, and will be supported by a small corporate function.
"Improved profitability is the cornerstone of the new organization,"
added Lane.
The energy and chemicals division will provide a world-class engineering,
procurement, construction and technology capability focused on
upstream and downstream markets. The government and infrastructure
division is the largest government logistics and services contractor
with premier worldwide civil infrastructure capabilities.
KBR is a global engineering, construction, technology and services
company. Whether designing an LNG facility, serving as a defense
industry contractor or providing capital construction, KBR delivers
world-class service and performance. KBR employs more than 60,000
people in 43 countries around the world.
Halliburton, founded in 1919, is one of the world's largest providers
of products and services to the petroleum and energy industries.
The company serves its customers with a broad range of products
and services through its Energy Services and Engineering and Construction
Groups. The company's World Wide Web site can be accessed at www.halliburton.com.
Contact
Paul Koeller
paul.koeller@halliburton.com
Halliburton, Investor Relations
(p) Houston 713.759.2688
Wendy Hall
wendy.hall@halliburton.com
Halliburton, Public Relations
(p) Houston 713.759.2605
Employment Contact
Overseas & US Employment with KBR
www.kbrjobs.com
(p) 866.308.5239
US Employment with Halliburton
www.halliburton.com
Click on careers
Supplier/Procurement Contact
kbr_supplier_relations@halliburton.com
Supplier Diversity Contact
Linda Holloway
linda.holloway@halliburton.com
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