Peter Oosterveer will step down as Fluor Corp. chief operating officer on March 31, after a 28-year career at the contractor, to return to his native Holland as CEO of global engineering giant Arcadis, the two firms announced on March 8 and 9. Oosterveer will fill a permanent slot left vacant since last October, when Neil McArthur left Arcadis because of undisclosed differences with the board. Chief Financial Officer Renier Vree has been interim CEO since then.
Arcadis said that, at its April 26 annual shareholders meeting, Oosterveer, 58, will be confirmed as CEO, serving “for a period of four years.” He is “a seasoned international leader who understands our sector,” said Chairman Niek Hoek in a statement. Oosterveer became Fluor COO in 2014, after leading its energy-and-chemicals business. At Arcadis, he will be tasked with beefing up the firm’s bottom line. It reported on Feb. 17 a 5% drop in net revenue, to $2.64 billion, for 2016. The firm noted Brazil’s deep recession, as well as declines in the North America and Asia markets, but predicts improvements in the Americas in the second half of 2017.
Because it can moderate the damaging effects of earthquakes, base-isolation is a technique used primarily in seismically active regions. ENR takes a look at some of the largest applications of base-isolation technologies in the world.