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      internationally, since March 2004. From 2000 until 2001 Mr. Flexon was Vice
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">DATE:
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Vice
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UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
Form
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of
      1934
Date
      of Report (Date of earliest event reported): February 28,
      2006
FOSTER
      WHEELER LTD.
(Exact
      Name of Registrant as Specified in Its Charter)
Bermuda
001-31305
22-3802649
(State
                or Other Jurisdiction of Incorporation)
(Commission
                File Number)
(IRS
                Employer Identification
                No.)
Perryville
                Corporate Park, Clinton, New Jersey
08809-4000
(Address
                of Principal Executive Offices)
(Zip
                Code)
(908)
                730-4000
(Registrant's
                Telephone Number, Including Area Code)
Not
                applicable
(Former
                Name or Former Address, if Changed Since Last
                Report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:
o
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
      Act
      (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
      Act
      (17 CFR 240.13e-4(c))
Item
      5.02.
Departure
      of Directors or Principal Officers; Election of Directors; Appointment of
      Principal Officers.
On
      March
      1, 2006, David M. Sloan notified the Board of Directors that he will resign
      from the board in order to pursue other opportunities, effective on the date
      of
      the Company's annual meeting of shareholders in 2006, currently scheduled for
      May 9, 2006. Mr. Sloan is a member of the Governance and Nominating
      Committee.
On
      February 28, 2006, the Board of Directors elected Robert C. Flexon to become
      a
      director, effective May 1, 2006, to fill the vacancy on the board created by
      the
      resignation of Roger Heffernan, who resigned in January 2006.
Mr.
      Flexon has been the Executive Vice President and Chief Financial Officer of
      NRG
      Energy, Inc., a publicly traded wholesale power generation company primarily
      engaged in the ownership and operation of power generation facilities and the
      sale of energy, capacity and related products in the United States and
      internationally, since March 2004. From 2000 until 2001 Mr. Flexon was Vice
      President, Business Analysis & Controller and from 2001 to 2004 was Vice
      President, Work Process Improvement and Business Development of Hercules, Inc.
      a
      publicly traded company engaged in the manufacture of specialty chemicals used
      in making a variety of products for home, office, and industrial markets. Mr.
      Flexon, a Certified Public Accountant, has an extensive background in auditing
      extending back to his days as an Audit Manager with Coopers & Lybrand in the
      1980's and in various key accounting-related positions, including General
      Auditor, with Atlantic Richfield Company from 1987 to 2000.
Mr.
      Flexon is 47 years old. He will be a member of the Audit Committee.
SIGNATURE
Pursuant
      to the requirements of the Securities Exchange Act of 1934, as amended, the
      Registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.
FOSTER
              WHEELER
              LTD.
DATE:
              March 6, 2006
By:
/s/ Lisa
              Fries Gardner
Lisa
              Fries Gardner
Vice
              President and Secretary