Foster Wheeler AG has promoted Jon Nield to Vice President Project Risk Management Group (PRMG). Within this new position, Nield will be responsible for leading the group that sets, reviews and implements the company’s risk management policy for proposal and contract operations.

Umberto della Sala, Interim Chief Executive Officer of Foster Wheeler AG, commented on the appointment, “The Project Risk Management Group has played an important role in the company's commercial success by ensuring that effective risk management practices are an integral part of our culture and are consistently applied in all of our Operating Units. The head of this group is a key member of our senior leadership team, and Jon is exceptionally well qualified to step into this role because of his extensive and varied background in Foster Wheeler operations.”

Della Sala added, “We expect him to make a significant contribution and to build upon the very strong track record established by Dave Wardlaw, who did a superlative job in leading this function since 2004. We thank Dave for his service to the company and wish him well in his new endeavors.$quot;

Jon Nield, 47, benefits from a 25 year history working for the global firm. His accession constitutes part of a planned leadership succession process that began in January this year when he joined the PRMG. Nield takes over the mantle from David Wardlaw, 55, who elected to retire from 1st May 2011. Nevertheless Wardlaw will maintain ties with the Group, operating on a consulting basis with the firm until the end of 2011.