Foster Wheeler elects James D. Woods to board of directors

HAMILTON, Bermuda, Sept. 26, 2002 — Foster Wheeler Ltd. recently announced that James D. Woods, chairman emeritus, past president and chief executive officer of Baker Hughes, Inc., Houston, Texas, has been elected to its board of directors.

With the election of Woods to the board, the total number of company directors is 11.

Baker Hughes is one of the largest companies in the oilfield services industry. Woods’ career at Baker Hughes and its predecessor companies spanned 41 years of service. He served as president of several Baker affiliates, and was the driving force behind the creation of Baker Hughes through the merger of Baker International and the Hughes Tool Company in 1987.

He was elected president and chief executive officer of the merged company, and also assumed its chairmanship in 1989. Woods retired as a director and chairman of the board on January 22, 1997.

Woods serves on the boards of OMI Corporation, Varco International, ESCO Technol-ogies, USEC Inc., and Integrated Electrical Services. He also serves as an advisor to SCF Partners in Houston, Texas.

Woods, 71, served four years in the United States Air Force. He holds a B.S. degree in business administration from California State University at Fullerton.

In addition, he is past president of the Petroleum Equipment Suppliers Association and the National Ocean Industries Association, a trustee of the National Boys & Girls Clubs of America, and a lifetime director of the YMCA of greater Houston.

Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of design, engineering, construction, manufacturing, project development and management, research; plant operation and environmental services. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, N.J. For more information about Foster Wheeler, visit our World Wide Web site at


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