Foster Wheeler AG says that, effective January 1, 2010, W. Troy Roder, 43, has been promoted to the position of Chairman and Chief Executive Officer of Foster Wheeler Energy Ltd. (FWEL), which is based in Reading, England, and is the company’s largest subsidiary in its Global Engineering and Construction (E&C) Group. Roder is currently President and Chief Executive Officer of Foster Wheeler USA (FWUSA) Corporation, based in Houston, Texas. In assuming his new position at FWEL, Roder replaces Michael Beaumont, 60, who has announced his intention to retire as Chairman and CEO of FWEL.

Roder is currently attending the Advanced Management Program at Harvard University. Following his completion of the program in November, he will return to the Houston office to assist in the leadership transition there before assuming his new role in Reading. Roder’s successor at FWUSA is expected to be named shortly.

Foster Wheeler’s President and Chief Operating Officer Umberto della Sala said, “Troy’s performance at FWUSA has been nothing short of exceptional. As leader of FWUSA, he was responsible for a more than five-fold increase in capacity and EBITDA from 2004 through 2008. He solidified and expanded Foster Wheeler’s global leadership position in delayed coking and, more recently, has successfully broadened the scope of FWUSA’s served markets and has been leading the integration of two U.S.-based acquisitions. He has also been extremely successful in cultivating strong and productive relationships with clients around the world. We are fortunate to have an executive of this caliber step into the leadership role at our largest E&C operating company.”

Roder joined Foster Wheeler in 1989 and subsequently assumed positions of increasing responsibility in E&C, working on chemical, petrochemical, oil and gas, refinery and power projects, in supervisory, management and engineering roles. In 1997, he joined the Houston office of FWUSA and was named President and CEO there in 2004. Roder holds a bachelor’s degree in civil engineering from Purdue University and an MBA from DePaul University.

Tags: Foster Wheeler Ltd.