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Mr. Raymond J. Milchovich has been the Chairman, President and Chief Executive Officer of Foster Wheeler Ltd. (the Company) since October 2001. Formerly, he was the Chairman, President and Chief Executive Officer of Kaiser Aluminum Corporation, a leading producer and marketer of alumina, aluminum and aluminum fabricated products, and Kaiser Aluminum & Chemical Corporation (KACC) since January 2000. Mr. Milchovich was President of Kaiser Aluminum Corporation and KACC since July 1997. He also served as Chief Operating Officer of Kaiser Aluminum Corporation and of KACC from July 1997 through May and June 2000, respectively. Prior to that time, he held several executive positions with Kaiser Aluminum Corporation and its subsidiaries. In September 2002, Mr. Milchovich became a director of NUCOR Corporation, a public company specializing in steel production and recycling. In December 2005, Mr. Milchovich became a Director of Delphi Corporation, a public company specializing in mobile electronics and transportation components and systems technology. Mr. Milchovich became a director of the Company in October 2001. His term will expire in 2008. | 