McDermott Elects John Nesser Executive Vice President and Chief Administrative & Legal Officer
01 Februar 2007 - 3:00PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (�McDermott� or the
�Company�) announced today that its Board of Directors has elected
John T. Nesser, III to the position of Executive Vice President,
Chief Administrative and Legal Officer. In this newly created role,
Nesser will be responsible for all administrative and legal
functions of the Company, including human resources,
administration, benefits, risk management, information technology
and legal. Nesser, age 58, previously served as Executive Vice
President and General Counsel. In addition, McDermott announced
that Ms. Liane K. Hinrichs was elected to the position of Vice
President and General Counsel of the Company, replacing Nesser, in
addition to her continuing to serve as Corporate Secretary. Liane
Hinrichs has been a key leader in the Company�s legal department
since 1999 and has served as Corporate Secretary since March 2006.
Ms. Hinrichs, age 49, will continue to report to Nesser in this new
role. Also reporting to Nesser will be Louis J. Sannino, Executive
Vice President of Human Resources, who has recently indicated his
intention to retire in the coming 12 months. In addition, Tim
Woodard and Claire Hunter will also report to Nesser in their newly
appointed roles of Vice President, Chief Risk Officer and Vice
President, Litigation, Claims and Compliance, respectively. �We are
very pleased to welcome John, Liane, Claire and Tim to these new
and expanded roles with McDermott,� said Bruce W. Wilkinson,
Chairman of the Board and Chief Executive Officer. �These
appointments reflect the substantial personal accomplishments of
the individuals and the ongoing progression of our Company.� �It is
with regret that we acknowledge Lou Sannino�s desire to retire from
McDermott in the foreseeable future after a long and productive
career with the Company,� continued Wilkinson. �During his 29 years
with McDermott, Lou has been an outstanding business leader who
also developed a strong human resources program that benefits all
employees of the Company today. His leadership in the Company�s
succession planning process has better prepared McDermott, as
evidenced with today�s announcement.� McDermott International, Inc.
is a leading worldwide energy services company. The Company�s
subsidiaries provide engineering, construction, installation,
procurement, research, manufacturing, environmental systems,
project management and facility management services to a variety of
customers in the power and energy industries, including the U.S.
Department of Energy.
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