McDermott Appoints Ian Prescott as Vice President, Asia
05 January 2018 - 11:30PM
McDermott International, Inc. (NYSE:MDR) today announced Ian
Prescott as Vice President, Asia, effective January 8, succeeding
Hugh Cuthbertson who announced plans to retire from the Company.
Ian will also be a member of McDermott’s Executive
Committee.
“Ian has a wealth of experience and knowledge in the upstream
sector that will help us to grow our business in Asia. He is a
strategic, high performing leader that understands the challenges
and opportunities and is committed to finding the best solutions
for our customers,” said David Dickson, President and Chief
Executive Officer of McDermott. “I thank Hugh for his nearly four
decades of unrivaled service to McDermott in the oil and gas
industry and we are grateful for his leadership over the
years.”
Prior to this appointment, Ian was Senior Vice President and
Director of Asia Pacific for SNC-Lavalin, a global,
fully-integrated professional services and project management
company. He also served as the Managing Director and General
Manager and later as the CEO of Global Process Systems. He has held
key leadership positions with PAE (Thailand) PLC and Aker
Kvaerner.
Ian has more than 28 years of extensive operational, marketing
and business unit responsibilities for production and processing
solutions in the upstream oil and gas sector, including engineering
and fabrication.
Ian holds a Master of Business Administration from Bond
University in Australia and a bachelor’s degree in Instrumentation
Control Engineering (Honors) from the University of Teeside in the
United Kingdom.
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 customers include national and major energy
companies. Operating in approximately 20 countries across the
world, our locally focused and globally integrated resources
include approximately 12,000 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. As used in this press
release, McDermott includes McDermott International, Inc. and its
subsidiaries and affiliates. To learn more, please visit our
website at www.mcdermott.com.
McDermott International, Inc.Investor
Relations
Ty LawrenceVice President, Treasurer and Investor Relations +1
281.870.5147tplawrence@mcdermott.com
Media RelationsAdam MorganDirector, Global
Communications & Marketing+1
281.253.9005amorgan@mcdermott.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/08106dce-6e13-4a36-95f8-1a94deddffdd
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