McDermott Names Stephen M. Johnson as President and Chief Operating Officer
01 April 2009 - 2:30PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (�McDermott� or the
�Company�) announced today that Stephen M. Johnson has joined the
Company as President and Chief Operating Officer. In this role,
Johnson will hold primary responsibility for directing the
day-to-day operations, implementation of the strategic objectives
and the R&D/technological initiatives for the Company and its
operating subsidiaries. Johnson will report directly to John A.
Fees, McDermott�s Chief Executive Officer.
�I have known Steve for a number of years and we are pleased to
welcome him to McDermott and the leadership team,� said John A.
Fees, Chief Executive Officer of the Company. �Steve brings to the
Company a strong engineering and construction background with
substantial experience in the energy industries we serve, including
oil & gas, fossil and nuclear power, and the U.S. Department of
Energy. His addition to our executive ranks adds a hands-on
operations executive and further expands our succession planning
alternatives.�
Steve Johnson is an industry veteran, with 35 years of
experience in roles of increasing responsibility in the engineering
and construction industry. Most recently, Johnson served as Senior
Executive Vice President and Member, Office of the Chairman at
Washington Group International (�WGI�), prior to its sale to URS
Corporation. In this role, Johnson was an integral member of the
WGI-team responsible for that company�s overall strategic
direction, operations and financial results. Prior to joining WGI
in 2001, Steve Johnson spent 28 years with Fluor Corporation in
both U.S. and international assignments, during a career that
progressed from project assignments, sales and marketing, business
unit management to corporate executive management.
�Throughout my career, McDermott has consistently been viewed as
a formidable competitor, valuable partner and respected industry
peer, so I am delighted to now join the Company in this capacity,�
said Johnson commenting on his new role. �My objectives are to
build upon the Company�s operational history of safe and ethical
performance, superior execution, financial growth and development
of outstanding talent.�
Mr. Johnson earned a Bachelor of Science degree in engineering
from Texas A&M University in 1973, and is a licensed
Professional Engineer in the state of Texas. He also completed
executive education in management and finance at Duke University.
Johnson serves on the Board of Directors for the Western Region of
the Boy Scouts of America, and he formerly served on the Board of
Directors of the National Association of Manufacturers and the
Business Council for International Understanding.
McDermott is an engineering and construction company, with
specialty manufacturing and service capabilities, focused on energy
infrastructure. McDermott�s customers are predominantly utilities
and other power generators, major and national oil companies, and
the United States Government. With its global operations, McDermott
operates in over 20 countries with more than 25,000 employees.
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