Multiple (BILL Holdings, Tripadvisor, Fluor Corporation)

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Before-After-Bridge slide · 70%

Starting in 2021, Fluor’s new management team began rebuilding the culture and shifting towards a more sustainable model focused on lower-risk reimbursable contracts, which now account for 80% of Flu

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before-after-framing 90%

The slide contrasts the pre-2021 strategy with the post-2021 strategy to demonstrate risk reduction.

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The green box highlights the period starting from David Constable's tenure as CEO.