Shaw Names Gary P. Graphia as Executive Vice President and Chief Operating Officer
December 23 2008 - 8:00AM
Business Wire
The Shaw Group Inc. (NYSE: SGR) today announced Gary P. Graphia,
currently executive vice president of Corporate Development and
Strategy, has been named executive vice president and chief
operating officer of The Shaw Group Inc. In this new role, Mr.
Graphia will oversee the operating segments of the company and
continue to report to J.M. Bernhard Jr., Shaw�s chairman, president
and chief executive officer. �Gary has played a key role in Shaw�s
growth and success during his 10-year tenure. He consistently has
demonstrated his ability to execute the company�s strategy, manage
effectively and deliver strong operating performance,� stated Mr.
Bernhard. �Not only has Gary been instrumental in helping shape the
company�s vision, but he also has earned the respect of Shaw�s
board of directors, management and employees. I look forward to
working closely with Gary as we continue to expand our businesses
and execute our record backlog of work.� Mr. Graphia joined Shaw in
August 1999 as corporate secretary and general counsel. In April
2007, Mr. Graphia was named executive vice president of Corporate
Development and Strategy with responsibility for Mergers and
Acquisitions, Shaw Capital, Strategic Markets, Risk Management,
Safety, Quality Assurance/Quality Control, Corporate
Communications, and Sales and Marketing. Previously, he served as
executive vice president, chief legal officer and corporate
secretary. Since joining the company, Shaw has completed three
major acquisitions -- including Stone & Webster in 2000; IT
Group in 2002; and most recently, a 20 percent equity interest in
Westinghouse Electric Company in October 2006; as well as, numerous
smaller transactions, including acquisitions, divestitures and
joint ventures. In addition, the company has completed seven public
capital markets transactions totaling more than $2.7 billion
dollars. The Shaw Group Inc. is a leading global provider of
technology, engineering, procurement, construction, maintenance,
fabrication, manufacturing, consulting, remediation and facilities
management services for government and private sector clients in
the energy, chemicals, environmental, infrastructure and emergency
response markets. A Fortune 500 company with fiscal year 2008
annual revenues of $7 billion, Shaw is headquartered in Baton
Rouge, La., and employs approximately 26,000 people at its offices
and operations in North America, South America, Europe, the Middle
East and the Asia-Pacific region. Shaw is the power sector industry
leader according to Engineering News-Record's list of Top 500
Design Firms. For further information, please visit Shaw's Web site
at www.shawgrp.com. The Private Securities Litigation Reform Act of
1995 provides a "safe harbor" for certain forward-looking
statements. The statements contained herein that are not historical
facts (including without limitation statements to the effect that
the Company or its management "believes," "expects," "anticipates,"
"plans" or other similar expressions) and statements related to
revenues, earnings, backlog or other financial information or
results are forward-looking statements based on the Company's
current expectations and beliefs concerning future developments and
their potential effects on the Company. There can be no assurance
that future developments affecting the Company will be those
anticipated by the Company. These forward-looking statements
involve significant risks and uncertainties (some of which are
beyond our control) and assumptions and are subject to change based
upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. A description of some of the risks and uncertainties
that could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports
and registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on
the Company's Web site under the heading "Forward-Looking
Statements." These documents are also available from the Securities
and Exchange Commission or from the Investor Relations department
of Shaw. For more information on the company and announcements it
makes from time to time on a regional basis, visit our Web site at
www.shawgrp.com.
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