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

“We greatly appreciate Tom’s many contributions to McDermott’s Board over the last 8 years and for serving as Chairman of the Compensation Committee for the past 4 years. We wish him all the best during his tenure leading The Brink’s Company,” continued Mr. Johnson. “The Board of Directors is very pleased to appoint Ms. Shafer-Malicki as Chairwoman of the Compensation Committee. She has served well on that committee since being appointed to our Board, and we look forward to her leadership of it.”

About the Company

McDermott is a leading engineering, procurement, construction and installation (“EPCI”) company focused on executing complex offshore oil and gas projects worldwide. Providing fully integrated EPCI services for upstream field developments, the Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning. McDermott’s customers include national and major energy companies. Operating in approximately 20 countries across the Atlantic, Middle East and Asia Pacific, the Company’s integrated resources include approximately 13,500 employees and a diversified fleet of marine vessels, fabrication facilities and engineering offices. McDermott has served the energy industry since 1923. To learn more, please visit McDermott’s website on the internet at www.mcdermott.com.



Copyright Business Wire 2010
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