Orion Marine Group Announces a Change in its Management Structure
08 December 2017 - 8:10AM
Orion Group Holdings, Inc. (NYSE:ORN) (the "Company") a leading
specialty construction company, today announced a change in its
management structure.
As previously discussed, the Company continues
to execute on its strategic vision to be the premier specialty
contractor in the infrastructure, industrial, and building
sectors. As part of this, the Company is in the process of
making structural changes to support future success. Moving
forward, Orion will continue to focus on the success and
development of its three business sectors; the marine segment, part
of the infrastructure sector; the concrete segment, part of the
building sector; and the recently established industrial
sector. Each segment will have a segment leader and encompass
all the support functions needed for that segment.
In connection with these structural changes,
Dwayne Breaux, Chief Operating Officer, has left the Company.
With his departure, the Company will not seek to replace the Chief
Operating Officer position.
“As we move forward, we will have executive
leadership at the segment level to run the unique aspects of each
of our business lines,” said Mark Stauffer, President and Chief
Executive Officer. “The decision to eliminate the Chief Operating
Officer position is strategic for our alignment along segmental
lines and will support execution of our strategic plan. We
appreciate the positive impacts Dwayne has made on the organization
and wish him the best of luck in his future endeavors.”
About Orion Group Holdings
Orion Group Holdings, Inc. is a premier
specialty construction company, in the infrastructure, industrial,
and building sectors, in the continental United States, Alaska,
Canada and the Caribbean Basin through its marine segment, the
Orion Marine Group brand, and its concrete segment, the TAS
Commercial Concrete brand. The Company’s marine segment services
includes marine transportation facility construction, marine
pipeline construction, marine environmental structures, dredging of
waterways, channels and ports, environmental dredging, design, and
specialty services. Its concrete segment provides turnkey concrete
construction services including pour and finish, dirt work, layout,
forming, rebar, and mesh across the light commercial, structural
and other associated business areas. The Company is headquartered
in Houston, Texas with regional offices throughout its operating
areas.
Investor Contact:Shane Martin,
(972) 850-2001
Orion (NYSE:ORN)
Historical Stock Chart
From Apr 2024 to May 2024
Orion (NYSE:ORN)
Historical Stock Chart
From May 2023 to May 2024