This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

McDermott Appoints William H. Schumann III To Its Board Of Directors

McDermott International, Inc. (NYSE:MDR) ("McDermott" or the "Company") announced today that William H. Schumann, III has been appointed to its Board of Directors, effective September 24, 2012. Mr. Schumann will also serve on the Company’s Audit and Governance Committees.

Mr. Schumann retired from FMC Technologies, Inc., a leading provider of subsea technology solutions to the energy industry and products for other industrial markets, in August 2012, following over 30 years of service. During his distinguished career with FMC, Mr. Schumann held positions of increasing responsibility, including serving over 10 years as Chief Financial Officer.

Mr. Schumann, age 62, graduated from The University of California, Los Angeles with a Bachelor of Science degree in engineering and from the University of Southern California with a Master of Science degree in management science. He also serves on the boards of directors of Avnet, Inc. (NYSE: AVT), an industrial distributor of electronic components and products, and AMCOL International Corporation (NYSE: ACO), an international producer and marketer of value-added, specialty mineral and related products.

"We are pleased to welcome Bill to McDermott's Board of Directors," said Stephen M. Johnson, Chairman of the Board, President and Chief Executive Officer of McDermott. "His operational and financial experience in the global energy industry will be an asset, particularly as we increase our emphasis in the worldwide subsea industry. The Board looks forward to working with Bill and to his many contributions."

In addition, the Company announced today that it has accepted the resignation of Thomas C. Schievelbein from McDermott’s Board of Directors. Mr. Schievelbein resigned from his Directorship due to increased demands on his time as a result of his recent appointment as chairman of the board, president and chief executive officer of The Brink’s Company. Ms. Mary Shafer-Malicki, a McDermott director since 2011, will replace Mr. Schievelbein as Chair of the Company’s Compensation Committee.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,568.53 -127.94 -0.73%
S&P 500 2,079.65 -12.01 -0.58%
NASDAQ 5,088.63 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs