KBR Appoints Lt. General Wendy M. Masiello as Lead Independent Director
KBR, Inc. (NYSE: KBR) recently made a significant advancement within its leadership structure. The company's board of independent directors has chosen Lt. General Wendy M. Masiello as the Lead Independent Director. This pivotal appointment will take effect during KBR's annual meeting of stockholders in the upcoming year.
Experience and Qualifications of Lt. General Masiello
Lt. General Masiello has been a member of KBR's Board of Directors since 2017, contributing valuable insights as she chairs the Cybersecurity Committee and serves on the Compensation Committee and Sustainability & Corporate Responsibility Committee. With her extensive background as a three-star General in the U.S. Air Force, she brings a wealth of experience to her new role, aligning closely with KBR's strategic objectives.
Leadership Endorsements
KBR Chair, General Lester L. Lyles, expressed his confidence in Lt. General Masiello's qualifications, stating, "KBR's strength lies in its dedicated and knowledgeable Board of Directors. Her leadership experience and operational knowledge make her an excellent fit for this role. Wendy’s contributions have been invaluable since she joined our Board, and I am excited for her to take on this expanded leadership position."
Transition and New Responsibilities
As the company progresses, the board has decided to enhance the responsibilities associated with the Lead Independent Director role. These modifications are aligned with the corporate governance guidelines detailed in KBR’s documentation.
Lt. General Masiello's Background and Accomplishments
Lt. General Masiello boasts an impressive 36-year military career, during which she served as the Director of the Defense Contract Management Agency, overseeing a substantial budget and a diverse international team. Her role ensured the successful management of a significant number of defense contracts worth trillions of dollars. She has also held pivotal positions in the Air Force that shaped contracting policies and guided military operations in various capacities.
Commitment to Future Growth
In her own words, Lt. General Masiello expressed gratitude for the board's support and reiterated her commitment to driving strategic growth and enhancing shareholder value. "I am honored to lead our board and work closely with my colleagues and management as we pave the way for future successes for KBR and our stakeholders," she stated.
About KBR
KBR is recognized globally for delivering advanced science, technology, and engineering solutions across diverse sectors. With a workforce of approximately 38,000 employees, KBR serves various clients in over 80 countries, offering innovative services that ensure consistent results.
Engagement With the Community
Through its initiatives, KBR strives to make a positive impact on communities while maintaining a commitment to integrity, excellence, and sustainability. The company is dedicated to its mission of delivering high-quality services that meet the needs of its clients and partners.
Frequently Asked Questions
Who is the new Lead Independent Director of KBR?
Lt. General Wendy M. Masiello has been appointed as the Lead Independent Director of KBR.
What is the significance of this appointment?
This appointment strengthens KBR's governance and enhances its strategic direction around profitable growth and shareholder value.
When did Lt. General Masiello join KBR's Board?
Lt. General Masiello joined KBR's Board of Directors in 2017 and has been actively involved in various committees since then.
What are KBR's main areas of service?
KBR specializes in providing solutions in science, technology, and engineering to a wide array of industries globally.
How many employees does KBR have?
KBR employs approximately 38,000 people worldwide, serving customers in over 80 countries.
