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Mr. Ferraioli, who is 51 years old, was elected our Vice President and Controller on November 4, 2002. Mr. Ferraioli has been employed by us for 28 years. From July 2000 until November 2002, Mr. Ferraioli served as Vice President and Chief Financial Officer of Foster Wheeler USA Corporation, and, from July 1998 to July 2000, he served as Vice President and Chief Financial Officer of Foster Wheeler Power Systems, Inc., an indirect, wholly-owned subsidiary. Prior to this time, Mr. Ferraioli served as Vice President International Project Finance at Foster Wheeler International, Chief Financial Officer of Foster Wheeler Iberia, as well as Assistant Controller of Foster Wheeler Italiana S.p.A., all of which are indirect, wholly-owned subsidiaries. | 