KBR Elects Lt. General Wendy M. Masiello as Lead Independent Director
KBR, Inc. recently made headlines with the announcement of Lt. General Wendy M. Masiello's appointment as the Lead Independent Director of its Board. This strategic move, set to take effect during the company's annual stockholders’ meeting in May 2025, marks another step in KBR's commitment to strong governance and leadership in the consulting arena.
Having joined KBR's Board in August 2017, Masiello has already made significant contributions as a member of several key committees, including her current role as Chair of the Cybersecurity Committee. Her background as a three-star General in the U.S. Air Force equips her with a unique insight into strategic operations and leadership dynamics, elements that are vital for KBR as it navigates the complexities of today’s business landscape.
General Lester L. Lyles, KBR's Chair, expressed confidence in Masiello’s appointment, highlighting her track record within the board and her operational expertise developed throughout a distinguished military career. "Masiello’s experience is one of our most valuable assets, and under her leadership, we anticipate strengthened oversight that aligns perfectly with KBR’s objectives to ensure sustainable growth and enhanced shareholder value," said Lyles.
Masiello addressed the board following her election, stating her gratitude for the trust placed in her and her eagerness to foster collaboration among board members and management. “I look forward to partnering with my fellow directors as we embark on this journey of delivering profitable growth,” she remarked, underlining her commitment to maintaining transparency and accountability.
Masiello's military background encompasses a rich history of leadership and service, including her role as the Director of the Defense Contract Management Agency, where she managed a notable budget of $1.4 billion. Her extensive career spans over three decades, during which she has influenced Air Force contracting policy and provided support to military forces across various significant operations. Awarded multiple honors, including the Defense Superior Service Medal and Bronze Star, her contributions extend beyond her military service into independent corporate governance.
In addition to her role at KBR, she serves on various other boards and committees, contributing her expertise to organizations in sectors like aerospace and technology. As she prepares to step into her new role, there is an air of optimism surrounding her ability to lead the independent directorate with a focus on strategic governance aligned with KBR's future endeavors.
KBR itself has built a reputation for delivering engineering and technological solutions across various sectors. With a workforce of approximately 38,000 and operations in over 29 countries, KBR continues to be a key player on the global stage. As it gears up for this governance transition, the company remains committed to providing innovative solutions and upholding its mandate to deliver consistent results to its stakeholders.
This leadership change is poised to reinforce KBR's governance structure significantly, helping the company achieve its goals while fostering a culture of accountability and performance excellence. As businesses adapt to the evolving landscape, KBR’s focus on strong, experienced leadership will undoubtedly play a crucial role in navigating the challenges ahead.