AMEC, UK-based oil and gas engineer, said that Kent Masters and Stephanie Newby have agreed to join its board as non-executive directors after completion of the takeover of Foster Wheeler.
Kent Masters is currently President and Chief Executive Officer of Foster Wheeler. Prior to joining Foster Wheeler, he served as a member of the executive board of Linde AG and was also previously employed by BOC Group in a variety of senior executive positions, including Chief Executive, Industrial and Special Products.
Kent has entered into an agreement with AMEC governing the termination of his appointment as Chief Executive of Foster Wheeler. He will join the AMEC board immediately following the termination of his employment with Foster Wheeler, which is expected to be towards the end of the fourth quarter of 2014.
Stephanie Newby is the Chief Executive Officer of Crimson Hexagon, a provider of social media and data analytic services. She is also the founder of Golden Seeds, which has provided investment capital to early stage, high growth companies since 2004. Prior to that, she spent the majority of her career with J.P. Morgan working in the financial services industry. Stephanie also served as a non executive director of RiskMetrics Group, Inc. (formerly listed on the NYSE) until 2010.
Stephanie has been a member of the Foster Wheeler board since 2004.