William Schumann, III Biography and Net Worth

Retired Executive Vice President and Chief Financial Officer, FMC Technologies, Inc.

William H. Schumann, III, served as chief financial officer of FMC Technologies, Inc., a leading provider of technology solutions for the energy industry and other industrial markets, worldwide, from 2001 until his retirement from that position in November 2011. Mr. Schumann joined FMC Corporation in 1981 as director of pension investments and served in various management positions throughout that decade, including treasurer in 1987. Mr. Schumann was named vice president of corporate development in 1998 and served as senior vice president and chief financial officer of FMC Corporation from 1999 until the creation and spin off of FMC Technologies in 2001. He was elected to his first vice president role in 1995, when he was also appointed general manager of the company’s Agricultural Products Group. He served as executive director of corporate development from 1991 to 1993, when he joined the company’s Agricultural Products Group as director of North American operations.

In 2010, Mr. Schumann was voted one of the top CFOs in oilfield service and equipment by sell-side analysts. Mr. Schumann earned a bachelor’s degree in systems engineering from the University of California at Los Angeles and a master’s degree in management science from the Marshall School of Business at the University of Southern California.

Mr. Schumann previously served on the board of McDermott International Inc. (NYSE:MDR) from 2012 to 2020, Andeavor Corporation from 2016 to its acquisition by Marathon in 2018, Great Lakes Advisors, Inc. from 1993 to 2011, AMCOL International from 2012 to 2014 and URS Corporation prior to its acquisition by AECOM Technology Corporation in 2014. Mr. Schumann also serves on the board of the Lake Forest Lake Bluff Historical Society.

Mr. Schumann was elected to the Avnet board in 2010. From November 2012 to November 2018, Mr. Schumann served as Avnet’s Chairman of the Board. He currently serves on the Audit Committee and Finance Committee.