D. Bradley McWilliams Named as Non-Executive Chairman of McDermott’s Board of Directors
November 21 2013 - 5:23PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott” or the
“Company”) has named D. Bradley McWilliams as its non-executive
Chairman of McDermott’s Board of Directors effective upon the
retirement of Stephen M. Johnson as McDermott’s Chairman of the
Board on December 31, 2013. Mr. McWilliams will serve as
non-executive Chairman through the Company’s annual meeting on May
6, 2014.
Mr. McWilliams has served as a member of McDermott’s Board of
Directors since 2003 and was appointed as Lead Director in 2011. He
is Chairman of the Finance Committee and serves on the Audit
Committee. Mr. McWilliams also serves as a member of the Board of
Directors of The Babcock and Wilcox Company.
“I am looking forward to working closely with the Board and Mr.
McWilliams to serve the Company and its shareholders. Mr.
McWilliams’ industry experience and his tenure on the Board of
Directors will help ensure an orderly transition,” said David
Dickson, currently McDermott’s Executive Vice President and Chief
Operating Officer. As previously announced, on or before December
16, 2013, Mr. Dickson will be appointed as McDermott’s President
and Chief Executive Officer, and concurrently with such
appointment, will be elected as a member of the Board of
Directors.
About the Company
McDermott is a leading engineering, procurement, construction
and installation (“EPCI”) company focused on executing complex
offshore oil and gas projects worldwide. Providing fully integrated
EPCI services for upstream field developments, the Company delivers
fixed and floating production facilities, pipelines and subsea
systems from concept to commissioning. McDermott’s customers
include national, major integrated and other energy companies.
Operating in approximately 20 countries across the Atlantic, Middle
East and Asia Pacific, the Company’s integrated resources include
approximately 14,000 employees and a diversified fleet of marine
vessels, fabrication facilities and engineering offices. McDermott
has served the energy industry since 1923. To learn more, please
visit McDermott’s website on the Internet at www.mcdermott.com.
McDermott International, Inc.Investors,
Analysts and Financial Media:Steven D. Oldham, (281)
870-5147Vice President, Treasurer and Investor
Relationssoldham@mcdermott.comorTrade and
General Media:Louise Denly, (281) 870-5025Director,
Corporate Communicationsldenly@mcdermott.com
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