D. Bradley McWilliams Named as Non-Executive Chairman of McDermott’s Board
HOUSTON -- November 21, 2013
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,
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
McDermott International, Inc.
Investors, Analysts and Financial Media:
Steven D. Oldham, (281) 870-5147
Vice President, Treasurer and Investor Relations
Trade and General Media:
Louise Denly, (281) 870-5025
Director, Corporate Communications
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