He succeeds Umberto della Sala in that role. Mr. della Sala, 64, continues to serve as the company’s Chief Operating Officer.

Mr. Penno has most recently served as Chief Executive Officer of the Global E&C Group’s Asia-Pacific Region. A 25-year veteran of Foster Wheeler, he has held a variety of positions with the company, including managing director of Global Sales, Marketing and Strategic Planning; director of commercial operations for Foster Wheeler Asia Pacific; and other senior roles in operating unit management, sales and commercial management in Europe, Asia and the U.S. He holds a doctorate degree in mechanical engineering from Politecnico di Milano in Italy.

"Roberto has already demonstrated strong leadership and expertise in key operational roles in our Global E&C Group,” said Kent Masters, Chief Executive Officer of Foster Wheeler AG. “With his breadth of experience, his knowledge of Foster Wheeler and his astute commercial and operational skills, he is very well qualified to fill this critically important role."

Mr. Penno will continue to have responsibility for the company’s Asia-Pacific region until his successor in that role is named.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups.

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