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Fluor President Named St. Joe Gold Chairman

January 24, 1987|KEN CHAVEZ

John Wright, 44, the president and chief operating officer of Fluor Corp., has been named chairman of the company's St. Joe Gold unit in Clayton, Mo. He also serves as chairman of Fluor's St. Joe Minerals subsidiary, which owns 90% of St. Joe Gold, a company formed in 1985.

Wright replaces Peter J. Neff, 48, who resigned as chairman and chief executive officer of St. Joe Gold earlier this week. Alvan H. Sage has been named St. Joe Gold's president and CEO, the company said.

Wright was named a little more than a year ago to his present position at Fluor, the Irvine-based engineering and construction firm. Fluor acquired St. Joe Minerals in 1981.

Wright joined St. Joe Minerals in 1971 and became vice president of sales in 1975. He was elected to St. Joe Gold's board in 1985, when the company was formed as a separate, publicly held mining concern. Fluor raised $35.7 million in its initial public offering of 10% of St. Joe Gold's common stock in the fall of 1985.

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