Gary P. Luquette Elected as Non-Executive Chairman of McDermott’s Board of Directors
April 22 2014 - 4:42PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott” or the
“Company”) announced today that Gary P. Luquette has been elected
as non-executive Chairman of McDermott’s Board of Directors,
effective May 6, 2014.
Mr. Luquette has served as a member of McDermott’s Board of
Directors since October 18, 2013. He retired from his position as
President, Chevron North America Exploration and Production, a unit
of Chevron Corporation, in September 2013, following 35 years of
service with Chevron.
As previously disclosed and pursuant to the Company’s By-Law
requirements, D. Bradley McWilliams will retire from McDermott’s
Board of Directors after eleven years of service on May 6, 2014.
Mr. McWilliams currently serves as non-executive Chairman of the
Board of Directors.
The Company also announced the following changes and leadership
of McDermott’s Board of Director committees, effective today:
- William H. Schumann, III will serve as
Chairman of the Audit Committee
- David A. Trice will serve as Chairman
of the Finance Committee
- Steven G. Hanks will serve as Chairman
of the Governance Committee
- Mary L. Shafer-Malicki will continue to
serve as Chairman of the Compensation Committee
“I would like to thank Mr. McWilliams for his leadership and
many valuable contributions to the Company over the past eleven
years,” said David Dickson, President and Chief Executive Officer.
“I look forward to working with Mr. Luquette closely to leverage
his extensive managerial and operational experience in upstream oil
and gas.”
About the Company
McDermott is a leading provider of integrated engineering,
procurement, construction and installation (EPCI) services for
upstream field developments worldwide. The Company delivers fixed
and floating production facilities, pipelines and subsea systems
from concept to commissioning for complex Offshore and Subsea oil
and gas projects to help oil companies safely produce and transport
hydrocarbons. Our clients include national and major energy
companies. Operating in more than 20 countries across the world,
our locally focused and globally integrated resources include
approximately 14,000 employees, a diversified fleet of specialty
marine construction vessels, fabrication facilities and engineering
offices. We are renowned for our extensive knowledge and
experience, technological advancements, performance records,
superior safety and commitment to deliver. McDermott has served the
energy industry since 1923 and is listed on the New York Stock
Exchange.
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.com
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