McDermott Appoints Erich Kaeser to Its Board of Directors
22 Februar 2016 - 10:01PM
McDermott International, Inc. (NYSE:MDR) ("McDermott" or the
"Company") announced today that Erich Kaeser has been appointed to
its Board of Directors, effective February 23, 2016. Mr.
Kaeser will serve on the Company’s Audit Committee.
Mr. Kaeser served in key executive and advisory positions, with
a strong focus on the Middle East markets, throughout his 35-year
career at Siemens AG (“Siemens”), a global conglomerate producing
energy-efficient and resource-saving technologies across a variety
of industrial sectors. His experience includes Executive Advisor to
the Siemens Board and Regional Middle East Management from December
2013 to December 2014, and previously, as Chief Executive Officer,
Siemens Middle East, responsible for overseeing the Siemens
business in 16 countries, including Saudi Arabia and Qatar, from
September 2008 to December 2013. Mr. Kaeser, age 60, holds a
Bachelor Degree in Electrical Power Engineering from the Regensburg
University of Applied Sciences in Germany.
"We are pleased to welcome Erich to McDermott's Board of
Directors," said Gary P. Luquette, Chair of the Board of McDermott.
"His extensive executive management and operational experience in
the global energy industry, particularly in the Middle East
markets, will be an invaluable asset to the Company and will
complement the extensive experience of our current Board. The
addition of Erich also reflects our strong commitment to ongoing
refreshment and succession planning for the Board of Directors. The
Board looks forward to working with Erich and to his many
contributions."
About McDermott 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 clients include national and major energy companies. Operating
in more than 20 countries across the world, our locally focused and
globally integrated resources include approximately 10,600
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 and
is listed on the New York Stock Exchange. 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
Kathy Murray
V.P., Treasurer and Investor Relations
+1.281.870.5147
kamurray@mcdermott.com
Media Relations
Richard Goins
Director, Global Communications
+1.281.870.5932
rgoins@mcdermott.com
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