Shaw Names New Leadership in its Power Group
26 May 2009 - 11:00PM
Business Wire
The Shaw Group Inc. (NYSE: SGR) today announced several changes
to the executive team of its Power Group.
Monty Glover assumes the newly established position of
president of Construction with overall responsibility for
construction within the Fossil and Nuclear Divisions of the Power
Group. Mr. Glover joined Shaw in 2001 as vice president of
Construction Operations and was named president of Construction
within Shaw�s Energy & Chemicals Group in 2003. In 2007, Mr.
Glover was named president of Shaw�s Fossil Division.
Ron Barnes joins Shaw as president of the company�s
Fossil and Renewables Division. With more than 35 years of
experience, Mr. Barnes is experienced in new fossil power
generation, as well as refurbishment and modification of existing
facilities. Before joining Shaw, he served as vice president of the
Cliffside Modernization Project for Duke Energy with responsibility
for project management and construction. In 2006, he was named vice
president, New Generation Projects, and in 2003, he served as
president of Duke COGEMA Stone & Webster, LLC. He managed
engineering and construction of numerous fossil-fueled power plant
projects before being named senior vice president of Operations in
1999.
Shaw also announced that Eli Smith joined the company as
senior vice president of Procurement for Shaw�s Power Group. Mr.
Smith comes to Shaw from Bechtel Corporation where he served as
principal vice president and corporate manager of Contracts and
Procurement. Mr. Smith has more than 35 years of experience in
procurement, engineering and project execution. He previously spent
22 years with the U.S. Army Corps of Engineers in various senior
management positions.
�Monty has made a critical contribution to the success of our
Fossil Division, which has resulted in Shaw being ranked No. 1 in
power design by Engineering News-Record as compared to our industry
peers. His responsibilities now are being expanded to allow both
the Fossil and Nuclear Divisions to benefit from his expertise in
construction operations as we move forward with a number of large
nuclear and fossil projects,� said Frederick W. Buckman, president
of Shaw�s Power Group. �Additionally, we are excited to welcome
both Ron and Eli to Shaw. As respected industry leaders, both will
be tremendous assets to the continued growth of the Power
Group.�
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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