McDermott Appoints William H. Schumann III to its Board of Directors
26 September 2012 - 6:15AM
Business Wire
McDermott International, Inc. (NYSE:MDR) ("McDermott" or the
"Company") announced today that William H. Schumann, III has been
appointed to its Board of Directors, effective September 24, 2012.
Mr. Schumann will also serve on the Company’s Audit and Governance
Committees.
Mr. Schumann retired from FMC Technologies, Inc., a leading
provider of subsea technology solutions to the energy industry and
products for other industrial markets, in August 2012, following
over 30 years of service. During his distinguished career with FMC,
Mr. Schumann held positions of increasing responsibility, including
serving over 10 years as Chief Financial Officer.
Mr. Schumann, age 62, graduated from The University of
California, Los Angeles with a Bachelor of Science degree in
engineering and from the University of Southern California with a
Master of Science degree in management science. He also serves on
the boards of directors of Avnet, Inc. (NYSE: AVT), an industrial
distributor of electronic components and products, and AMCOL
International Corporation (NYSE: ACO), an international producer
and marketer of value-added, specialty mineral and related
products.
"We are pleased to welcome Bill to McDermott's Board of
Directors," said Stephen M. Johnson, Chairman of the Board,
President and Chief Executive Officer of McDermott. "His
operational and financial experience in the global energy industry
will be an asset, particularly as we increase our emphasis in the
worldwide subsea industry. The Board looks forward to working with
Bill and to his many contributions."
In addition, the Company announced today that it has accepted
the resignation of Thomas C. Schievelbein from McDermott’s Board of
Directors. Mr. Schievelbein resigned from his Directorship due to
increased demands on his time as a result of his recent appointment
as chairman of the board, president and chief executive officer of
The Brink’s Company. Ms. Mary Shafer-Malicki, a McDermott director
since 2011, will replace Mr. Schievelbein as Chair of the Company’s
Compensation Committee.
“We greatly appreciate Tom’s many contributions to McDermott’s
Board over the last 8 years and for serving as Chairman of the
Compensation Committee for the past 4 years. We wish him all the
best during his tenure leading The Brink’s Company,” continued Mr.
Johnson. “The Board of Directors is very pleased to appoint Ms.
Shafer-Malicki as Chairwoman of the Compensation Committee. She has
served well on that committee since being appointed to our Board,
and we look forward to her leadership of it.”
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 and major energy companies. Operating in
approximately 20 countries across the Atlantic, Middle East and
Asia Pacific, the Company’s integrated resources include
approximately 13,500 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 (NYSE:MDR)
Historical Stock Chart
From Sep 2024 to Oct 2024
McDermott (NYSE:MDR)
Historical Stock Chart
From Oct 2023 to Oct 2024