Irving, Texas, United States
Chief Executive Officer of Fluor Corporation beginning January 2021 after serving as a member of Fluor's Board of Directors. 30 years of insight to Fluor's business, strategy and operations, having held various leadership roles within the company from 1982 to 2011, before returning as a member of Fluor's Board of Directors in 2019. Served multiple key roles with Fluor, including group president of Project Operations, where responsible for project execution services, engineering, global procurement, construction, industrial relations, project management, information technology, and risk management from 2009 to 2011. Previously served as group president of Fluor's Power business, which included emissions control, carbon capture, and sequestration technology solutions. Prior to this, group president, Operations & Maintenance, focusing on Fluor's operational asset productivity improvement business across a wide range of businesses. Served as chief executive officer of Sasol Ltd. from 2011 to 2016, executing a comprehensive change program and implemented a new operating model focused on enhancing growth across the organization. Serves as board director of ABB Ltd. since 2015 and previously was a member of the boards of Anadarko Petroleum Corporation and Rio Tinto Ltd. Spent four years as a senior advisor at Cerberus Capital Management.
During Constable's tenure at Sasol, he set Sasol on a new course in difficult times. He and his team modernized a former state-owned bureaucratic organization and turned Sasol into a modern global petrochemical company. A major restructuring program he introduced saved R8.4 billion annually in costs and significantly trim headcount by 5,000 staff and up to 20,000 service providers. This restructuring program, coupled with a low oil price response plan conserved more than R75 billion over 42 months has allowed Sasol to weather very low commodity prices in their key markets. In addition, Sasol will shift to being a more international chemical company once its multibillion-dollar North American ethane cracker and derivatives plant comes on line in 2018/2019. The decision to progress with an ethane fed cracker in the US was taken quickly under Constable and Sasol's cracker will be in the first wave of new assets brought on stream to capitalize on cheap US ethane derived from shale gas. This will provide shareholders with good long term value based on low cost feedstock. Also, building an ethane cracker as opposed to a Gas-to-Liquids plant was a break with previous strategy of only building where Sasol had a technology advantage. Of particular note, under Constable's leadership, Sasol delivered the best two financial year's in the company's 65-year history, breaking all previous earnings and dividend pay-out records. Finally, the company hit its all-time high share price during Constable's term, R645.10 per share.