KBR Statement Regarding Latest Nigerian FCPA Charges
Recent press reports name KBR Chairman, President and CEO William P. Utt in the latest apparent charges to be filed by the Nigerian Government. The issues related to this latest set of charges involve violations of the Foreign Corrupt Practices Act (FCPA) that occurred between 1994 and 2004.
William P. Utt joined KBR in February 2006 and the remainder of KBR's executive team was appointed thereafter. No one on KBR's current executive team was involved in the FCPA violations. KBR in no way condones or tolerates illegal or unethical behaviour. Conducting our business with the utmost integrity is at the core of the work we perform each day.
The actions of the Nigerian government suggest that its officials are wildly and wrongly asserting blame in this matter.
KBR will continue to vigorously defend itself and its executives if necessary, in this matter.
KBR (NYSE: KBR) is headquartered in Houston, Texas, also known as the energy capital of the world. The Company employs over 50,000 people worldwide in locations that include the U.S., Australia, Africa, the U.K., Asia and the Middle East. KBR delivers a wide range of services through its Downstream, Gas Monetization, Infrastructure and Minerals, International Government and Defense, North American Government and Defense, Oil and Gas, Power and Industrial, Services, Technology, and Ventures business segments, and differentiates itself as a technology-driven engineering, procurement and construction (EPC) company.
Published 07/12/2010
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