HOUSTON, Feb. 24,
2025 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced
today that the independent directors of the KBR Board have
unanimously elected Lt. General Wendy M.
Masiello as Lead Independent Director, effective as of KBR's
2025 annual meeting of stockholders to be held in May 2025.
Lt. General Masiello has served on KBR's Board of Directors
since August 2017, including as the
current Chair of the Cybersecurity Committee and a member of the
Compensation Committee and Sustainability & Corporate
Responsibility Committee. A three-star General of the U.S. Air
Force, Lt. General Masiello brings a wealth of relevant experience
and a deep understanding of KBR's strategic vision and
operations.
"One of KBR's greatest strengths is an experienced and highly
committed Board of Directors," said KBR Chair, General Lester L. Lyles. "The appointment of Lt. General
Masiello as lead independent director reflects a thorough and
thoughtful process by the Board, who strongly believe that her
leadership capabilities, deep operations experience, and
accomplished government career make her highly qualified to serve
in this important role. Wendy has provided valuable insights and
guidance as an independent director since joining our Board, and
she has excelled in every capacity just as I personally observed
throughout her leadership positions in the Air Force. I am thrilled
she will bring her expertise to us in this new role. We thank her
for accepting this responsibility to lead and provide independent
oversight."
"I am honored to have received the support of KBR's Board and am
excited to partner with fellow directors and management as we
continue on our path of delivering profitable growth and
accelerating shareholder value," said Lt. General Masiello. "I
would like to thank the Board for their trust in me to lead in an
expanded way."
As part of the Board leadership transition, the Board also
enhanced the Lead Independent Director duties, which are set forth
in the Company's Corporate Governance Guidelines, available at
www.kbr.com/who-we-are/our-company/corporate-governance.
About Lt. General Wendy M.
Masiello
Lt. General Masiello is a retired three-star General of the U.S.
Air Force and an independent consultant. Prior to her retirement,
Lt. General Masiello served as Director of the Defense Contract
Management Agency maximizing a $1.4
billion budget to manage and motivate a global workforce of
12,000 to ensure 20,000 contractors delivered on 340,000 Defense
and Federal contracts valued at $6
trillion. During her 36-year career, Lt. General Masiello
also shaped Air Force contracting policy and its 11,000 persons as
Deputy Assistant Secretary (Contracting), Office of the Assistant
Secretary of the Air Force for Acquisition, and prior to that led
the Air Force's $65 billion Service
Acquisition portfolio as its Program Executive Officer. She also
led contracting support for U.S. military forces in Iraq and Afghanistan from July
2005 to January 2006. Lt.
General Masiello's medals and commendations include the Defense
Superior Service Medal, Distinguished Service Medal, and Bronze
Star.
Lt. General Masiello is also an independent board director for
StandardAero (NYSE: SARO), where she serves as a member of its
Audit Committee, for EURPAC Service, Inc., where she serves as a
member of its Compensation and IT committees, for Tlingit Haida
Tribal Business Corporation, and for MRIGlobal, where she serves on
its Board of Trustees and Audit and Compensation and HR committees.
Her not-for-profit work includes Board of Directors for the
Procurement Round Table and Board of Directors and Executive
Committee for the National Board of Rebuilding Together. She
advises the Department of Defense as a member of the Acquisition
Innovation and Research Center Advisory Panel and U.S. Air Force as
a member of the Air Force Studies Board of the National Academy of
Sciences. Lt. General Masiello previously served as Board Chair for
the National Contract Management Association.
About KBR
We deliver science, technology and
engineering solutions to governments and companies around the
world. KBR employs approximately 38,000 people worldwide with
customers in more than 80 countries and operations in over 29
countries. KBR is proud to work with its customers across the globe
to provide technology, value-added services, and long-term
operations and maintenance services to ensure consistent delivery
with predictable results. At KBR, We Deliver.
Visit www.kbr.com
For further information, please contact:
Investors
Jamie
DuBray
Vice President, Investor Relations
713-753-2133
Investors@kbr.com
Media
Philip
Ivy
Vice President, Global Communications
713-753-3800
Mediarelations@kbr.com
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SOURCE KBR, Inc.
