President and CEO of McDermott to retire

Stephen M. Johnson will retire as chairman of the board, president and CEO and as a director of McDermott International in December 2013.

Offshore staff

HOUSTON– Stephen M. Johnson will retire as chairman of the board, president and CEO and as a director of McDermott International in December 2013.

David Dickson has agreed to join the company and to succeed Johnson as president and CEO. Dickson has been appointed executive vice president and CEO, a position he will hold until December. Concurrent with his appointment as president and CEO, McDermott’s board of directors will elect him as a member of the board.

The company also has appointed Gary P. Luquette to its board of directors. He will serve on the Compensation and Finance committees.

10/18/2013

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