Gulf Oil and Gas accountACCOUNT

McDermott and CB&I Announce Executive Leadership Team

Source: www.gulfoilandgas.com 3/13/2018, Location: North America

Share |
McDermott International, Inc. (MDR) and Chicago Bridge & Iron Company N.V. (CBI) announced the selection of the executive leadership team and integrated organizational structure of the combined company, which will be effective upon the close of the transaction.

"The plans announced today are important steps to position the combined company to build a common culture, better serve our customers, become more competitive and drive long-term growth," said McDermott President and Chief Executive Officer David Dickson, who will lead the combined company. "I'm looking forward to being joined by an experienced leadership team comprised of extraordinary talent from both organizations and the wider energy industry. Together we will be well positioned to maximize our proven ability to control risk in bidding and deliver excellence in project execution in a cost-efficient delivery structure. We will partner with our customers to provide integrated, end-to-end solutions from the wellhead to the storage tank that deliver the quality, efficiency and dependability needed to keep their businesses growing."

Upon the close of the transaction, the combined company's operations will be organized by four Areas North, Central & South America ("NCSA"), Europe, Africa, Russia & Caspian ("EARC"), Middle East & North Africa ("MENA") and Asia Pacific ("APAC") to encourage collaboration, drive excellence in execution and promote robust growth. CB&I's industry-leading Technology business will remain a tier-one market facing offering. The Areas and Technology divisions will be supported by centralized Commercial and Project Delivery organizations. The integration of Commercial, including the centralization of the company's bidding functions, will improve customer interactions, allocation of resources, consistency of approach and risk management of new contracts. The centralization of Project Delivery, including Project Management & Controls, Engineering, Supply Chain, Marine, Fabrication, Construction, and Quality, Health, Safety, Environment & Security ("QHSES"), will also significantly enhance project delivery performance.

The Area, Technology and Project Delivery teams will also be supported by centralized Corporate Strategy, Finance, Human Resources, Legal and Communication units.

Under this new structure, the global executive leadership team will include:
David Dickson, currently serving as President & Chief Executive Officer for McDermott, will continue in that role for the combined company.
Stuart Spence, currently serving as Executive Vice President & Chief Financial Officer for McDermott, will continue in that role for the combined company
Richard Heo will become head of North, Central and South America (NCSA) for the combined company; he is currently Executive Vice President, Fabrication Services for CB&I
Tareq Kawash will become head of Europe, Africa, Russia and the Caspian (EARC) for the combined company; he is currently Group Vice President of Engineering and Construction International for CB&I
Ian Prescott, currently Vice President, Asia for McDermott, will continue as the head of Asia Pacific (APAC) for the combined company
Linh Austin will become head of Middle East and North Africa (MENA) for the combined company; he is currently Vice President, Middle East and Caspian for McDermott
Daniel McCarthy, currently serving as Executive Vice President, Technology for CB&I, will continue as head of Technology for the combined company
Brian McLaughlin, currently serving as Senior Vice President, Commercial for McDermott, will continue as head of Commercial for the combined company
Jonathan Kennefick, currently serving as Senior Vice President, Project Execution and Delivery for McDermott, will continue as head of Project Execution and Delivery for the combined company
Scott Munro will become head of Corporate Development for the combined company; he is currently Vice President, Americas, Europe and Africa for McDermott
Steve Allen will become head of Human Resources for the combined company; he was previously Senior Vice President, Human Resources for McDermott
John Freeman, currently serving as Senior Vice President, General Counsel and Corporate Secretary for McDermott, will continue as head of Legal for the combined company
Gentry Brann, currently Senior Vice President, Global Communications and Brand Management for CB&I, will continue as head of Communications for the combined company
Tony Brown, currently Vice President, Corporate Strategy & Chief Integration Officer for McDermott, will continue as head of Integration for the combined company

Mergers and Acquisitions News in United States >>

United States >>  6/12/2018 - Enphase and SunPower announced a definitive agreement for Enphase to acquire SunPower's microinverter business for $25 million in cash and 7.5 million...
United States >>  6/6/2018 - Devon Energy Corp. (DVN) announced it has entered into an agreement to sell its aggregate ownership interests in EnLink Midstream Partners, LP (ENLK) ...

Russia >>  6/4/2018 - ?President of LUKOIL Vagit Alekperov, General Secretary of IndustriALL Global Union Valter Sanches, Chairman of the All-Russian Trade Union of Oil, Ga...
Russia >>  6/1/2018 - The Science and Technology Center of Gazprom Neft and the Skolkovo Institute of Science and Technology signed a collaboration agreement at the Skolkov...

China >>  5/31/2018 - Sino Gas & Energy Holdings Limited (Sino Gas) has entered into a Scheme Implementation Agreement with a wholly owned subsidiary of Lone Star Fund X Ac...
United Kingdom >>  5/31/2018 - GTT Communications, Inc. (GTT), the leading global cloud networking provider to multinational clients, announced today the completion of its acquisiti...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 |

More News

 

Oil & Gas Companies in United States >>


Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.