McDermott, CB&I appoint executive leadership team

McDermott International Inc. and Chicago Bridge & Iron C. N.V. have revealed the executive leadership team and integrated organizational structure of the combined company.

Offshore staff

HOUSTON and THE WOODLANDS, TexasMcDermott International Inc. and Chicago Bridge & Iron C. N.V. have revealed the executive leadership team and integrated organizational structure of the combined company, which will be effective upon the close of the transaction.

The transaction is expected to close in 2Q 2018.

Upon the close of the transaction, the combined company’s operations will be organized by four Areas – North, Central and South America (NCSA), Europe, Africa, Russia and Caspian (EARC), Middle East and North Africa (MENA), and Asia Pacific (APAC).

CB&I’s 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 will include the centralization of the company’s bidding functions. The centralization of Project Delivery will include Project Management & Controls, Engineering, Supply Chain, Marine, Fabrication, Construction, and Quality, Health, Safety, Environment and Security.

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 and CEO of McDermott, will continue in that role for the combined company.

Stuart Spence, currently serving as executive vice president and CFO 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 and chief integration officer for McDermott, will continue as head of Integration for the combined company.

The combination remains subject to satisfaction of the remaining closing conditions, including clearance under Russian competition laws, approval by McDermott’s stockholders and CB&I’s shareholders, completion of financing and other customary conditions.

03/13/2018

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