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Foster Wheeler elects new board member
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A former executive at Procter & Gamble Co. has been elected to the board of directors of Foster Wheeler AG, the Switzerland-based engineering and construction firm said Wednesday.
Clayton C. Daley Jr., 57, was vice chairman of Procter & Gamble from January until his retirement in September, Foster Wheeler said. He also served as Procter & Gamble's chief financial officer.
Foster Wheeler shares rose $1.53, or 5.2 percent, to $31.23 in morning trading.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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