The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Fluor's Chief Procurement Officer Jim Scotti Inducted into National Academy of Construction

Monday, November 26, 2012

Fluor's Chief Procurement Officer Jim Scotti Inducted into National Academy of Construction16:09 EST Monday, November 26, 2012 IRVING, Texas (Business Wire) -- Fluor Corporation (NYSE: FLR) announced today that James A. Scotti, senior vice president and chief procurement officer for the company, was recently named a new member of the National Academy of Construction at the organization's annual meeting. The members of the academy are drawn from a select roster of industry professionals who have demonstrated significant and long-term contributions to the construction industry. Scotti's selection recognized his leadership in advancing the procurement profession within the construction industry and in developing strategic partnerships with suppliers around the world. He is also the first procurement executive in the industry to be inducted. Fluor's Jim Scotti named to National Academy of Construction “The National Academy of Construction's choice of Jim Scotti underscores the important role he has played in solidifying Fluor's leadership position in the engineering, procurement, construction and maintenance industry,” said David Seaton, Fluor's chairman and chief executive officer. “The recognition of Fluor's chief procurement officer to this prestigious organization also highlights the importance we place on procurement and the ever evolving supply chain when delivering projects for our clients across the globe. Jim's global leadership in providing value-added partnering relationships between contractors, owners and suppliers with an emphasis on strategic, mutually beneficial procurement processes helps set Fluor apart in the construction industry.” Scotti has responsibility for Fluor's more than $10 billion in annual global spend through 2,000-plus employees in procurement, contract management, material management, sourcing, supplier quality, travel services, logistics and export control for all Fluor business groups. He also has oversight of Fluor's new supply chain entity dedicated to selling quality, cost-effective, stand-alone procurement services to clients. This includes sourcing services centered on Fluor's strategic supply relationships in China and other emerging markets. During his tenure at Fluor, he also led the development of a Fluor endowed master's degree program at Clemson University in Supply Chain and Logistics of Capital Projects, a first-of-its-kind supply chain degree that is uniquely focused on the capital project business. The National Academy of Construction's elite membership is elected by an extensive peer selection process and consists of individuals who have proven careers of contributing to both their organizations and to the Nation's industry advancement. Other notable Fluor inductees include Alan Boeckmann, Vince Kontny and Bob Prieto. The academy was chartered in 2000 in Nashville, Tenn., as a non-profit organization to advance the U.S. construction industry. Resources of the organization are administered through the Center for Construction Industry Studies at the University of Texas in Austin. About Fluor Corporation Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012. Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com. Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121126006191/en/ Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222