Foster Wheeler AG has announced that its Board of Directors has approved a senior leadership succession plan. As of 1 June 2010, Robert C Flexon will become Chief Executive Officer of Foster Wheeler AG. Mr Flexon is currently President of Foster Wheeler USA. At the same time, Raymond J Milchovich will relinquish the CEO role but will remain with the company and serve as Non-Executive Chairman of the Board and consultant to the company through October 2011. Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG, has agreed to extend his tenure with the company through 2013.