UGI Corporation, a distributor and marketer of energy products and services, has named Robert Flexon as chief financial officer (CFO), effective 14 February 2011. He will succeed Peter Kelly, who will be retiring in February. Flexon will report to Lon Greenberg, chairman and CEO.
Flexon was most recently chief executive officer (CEO) of Foster Wheeler, a global engineering and construction contractor and power equipment supplier. He had also served as a member of the Foster Wheeler board of directors. Prior to this, Flexon served as executive vice president (EVP), CFO and chief operating officer (COO) of NRG Energy, a wholesale power generating company. Prior to joining NRG, Flexon held various finance and accounting positions at Hercules, Atlantic Richfield and Coopers & Lybrand.
Flexon holds a BSc degree in Accounting from Villanova University and is a certified public accountant (CPA).
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.