KBR Announces New Chief Financial Officer

  KBR Announces New Chief Financial Officer

Business Wire

HOUSTON -- October 28, 2013

KBR (NYSE: KBR) today announced that Brian K. Ferraioli has been appointed the
company’s Executive Vice President and Chief Financial Officer effective
today.

Mr. Ferraioli brings 34 years of financial and accounting experience
specifically in the engineering and construction industry to his role at KBR.

He was previously the Executive Vice President and Chief Financial Officer for
six years at The Shaw Group in Baton Rouge, La. Before joining Shaw, Mr.
Ferraioli served in numerous roles at Foster Wheeler AG in Clinton, N.J. He
began his Foster Wheeler career in 1979 as an internal auditor and rose
through the corporate ranks, ultimately becoming a Vice President and
Corporate Controller.

“Brian’s solid background in global engineering, construction and government
services is well-suited for KBR’s financial operations,” said William P. Utt,
KBR Chairman, President and CEO. “I have complete confidence that under
Brian’s leadership, KBR will continue to improve our operating and financial
efficiency and continue to create shareholder value.”

Currently, Mr. Ferraioli also serves on the board of directors for The Babcock
& Wilcox Co. in Charlotte, N.C., and Adolfson & Peterson Construction in
Minneapolis, MN and commented, “KBR is well positioned in its market and has a
strong portfolio of upcoming project awards. This is an exciting time to be
joining the KBR team.”

Mr. Ferraioli has a Bachelor of Science degree in accounting from Seton Hall
University and a Masters in Business Administration with honors from Columbia
University.

KBR is a global engineering, construction and services company supporting the
energy, hydrocarbon, power, industrial, civil infrastructure, minerals,
government services and commercial markets. For more information, visit
www.kbr.com.

Contact:

KBR
Zac Nagle, 713-753-5082
Vice President, Investor Relations and Communications
investors@kbr.com
or
Media Relations Hotline: 713-753-3800
mediarelations@kbr.com