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BUSINESS NEWS FLUOR AWARDED U.S. AIR FORCE CONTRACT AUGMENTATION PROGRAM V TASK ORDER FOR TINIAN Fluor Corporation announced that the U.S. Air Force Installation Contracting Agency awarded the company a task order contract for Pavement and Transportation Support North Field, Tinian, Commonwealth of the Northern Mariana Islands. The task order was awarded under the Air Force Contract Augmentation Program V. The cost-plus, fixed-fee task order has a 60-month period of performance and is valued at approximately $409 million. “We’re honored to be selected to help strengthen the U.S. Air Force’s deterrence capability as part of its global mission,” said Tom D’Agostino, Group President of Fluor’s Mission Solutions business. “Tinian airfield is located in a complex and ever-changing environment and is closely aligned with the nation’s National Defense Strategy for the Indo-Pacific region. As we have proven, Fluor excels at delivering timely and cost-effective solutions in some of
the most logistically challenged locations in the world.” In addition to Guam and Saipan, Tinian is one of the three principal islands of the Commonwealth of the Northern Mariana Islands, a territory of the United States in the western Pacific Ocean about 3,700 miles west of Hawaii. Established by the U.S. Air Force to fulfill the Department of Defense’s global mission during contingency events, AFCAP provides the Air Force and other government agencies with additional capabilities to rapidly support the logistics requirements of its deployed forces by using civilian contractors. Fluor Corporation is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 30,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world.
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YING LIU, from page 1
4. Focus on opportunity and growth. The importance of transforming the mindset from merely preventing failure to actively pursuing growth can’t be overstated. A forward-looking board does not only manage risk but also accentuates on capturing opportunities that propel the company forward. This shift in perspective is critical for developing a resilient and ambitious strategic approach that aligns with evolving market demands and opportunities. 5. Be proactive with succession planning. One of the hallmarks of visionary leadership is the emphasis on succession planning. A proactive CEO begins developing potential successors early, identifying and nurturing internal candidates who align with the ideal CEO profile for the future. This planning is a strategic process that should be openly discussed with the board to ensure transparency and alignment with the company’s long-term goals. Such discussions not only secure the company’s future but also demonstrate the current CEO’s commitment to organizational continuity and success. In short, elevating CEO/board collaboration is a high-value endeavor that will undoubtedly drive better performance and higher market valuations for the company. By actively engaging board members and inviting them in, the CEO transforms the board from a governance entity into an invaluable business partner. For a more comprehensive exploration of this topic, check out Zweig Group’s upcoming CEO & CSO Roundtable event in November, where we will uncover further insights together. In the meantime, feel free to contact me if you’re up for a chat. Ying Liu, MBA, LEED AP BD+C, is a strategy advisor with Zweig Group. Contact her at yliu@zweiggroup.com.
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THE ZWEIG LETTER JULY 22, 2024, ISSUE 1546
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