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Great Lakes Announces Appointment Of New Senior Vice President-Chief Financial Officer

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services, today announced that William S. (Bill) Steckel has been appointed Senior Vice President and Chief Financial Officer effective Monday August 20, 2012. Mr. Steckel brings nearly 30 years of financial and operating management experience in public and private companies. Bruce Biemeck, who has served as President and CFO since September 2010, will remain as President and Chief Operating Officer of the Company. Mr. Steckel will report to Chief Executive Officer Jonathan Berger.

“Bill will be a great addition to our executive team,” Berger said. “His experience in senior financial roles will help us execute on the Company’s strategic plan. Bruce Biemeck has worked diligently over the last two years as President and CFO. As the Company continues to grow and expand, Bruce and I both felt it was time to hire a dedicated CFO, allowing Bruce to focus on his position as President and COO. As we continue to execute on our plan of growth and diversification, we need to add depth and broaden the experience base of our executive leadership team. Bruce will work closely with Bill to transition his CFO duties, as well as working with him going forward to execute on company initiatives. I want to thank Bruce for working tirelessly over the last two years in two demanding roles, guiding the Company through our Rivers & Lakes acquisition, demolition turnaround, debt refinancings, a new surety agreement and the day to day operational and financial duties.”

Bruce Biemeck added, “This move is intended to broaden Great Lakes’ executive and financial management teams, as the Company increases its reach into new markets and works to achieve the growth and diversification targets established in our strategic plan. As we have grown and challenged our management teams, it has become clear we need to add demonstrated leadership and we are very pleased Bill is joining our team. I welcome Bill and look forward to working with him on the challenges ahead.”

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