HOUSTON -- McDermott International has named John A. Fees president and CEO and appointed him to the company's board of directors, effective Oct. 1, 2008. Fees will succeed Bruce W. Wilkinson, who will retire as chairman and CEO on Sept. 30, 2008. The company has also appointed Ronald C. Cambre as McDermott's non-executive chairman of the board.
Fees is a 29-year veteran of McDermott, having started his career in 1979 in The Babcock & Wilcox Co (B&W). During his service with McDermott, Fees has also served as president of Diamond Power, a subsidiary of B&W, and as president of BWX Technologies Inc., the government nuclear operations of McDermott. He is currently president & CEO of B&W, which includes all of McDermott's fossil and nuclear operations serving both commercial and government markets.
"I want to thank the board for its confidence as expressed by this appointment," says Fees. "McDermott is well-positioned in its engineering and construction services and products serving the major energy markets worldwide. We have an excellent management team, a clear vision for growth, and strong momentum. I am excited about the challenge of leading our company in its next phase of growth."