Dec. 20, 2012
/PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE:KEX) announced today the retirement of
C. Berdon Lawrence
from the Kirby Board of Directors effective
, 2012. Mr. Lawrence is retiring to devote more time to family and other business interests.
Mr. Lawrence served as Chairman of the Board of Kirby from
and has served as Chairman Emeritus of the Kirby Board since April 2010. Mr. Lawrence was the founder and former President of Hollywood Marine, Inc. ("
"), an inland tank barge company acquired by Kirby in
Commenting on Mr. Lawrence's retirement from the Kirby Board,
, Kirby's Chairman of the Board and Chief Executive Officer, said, "I have enjoyed working with Berdon for many years on industry issues and for the last 13 years as Kirby's Chairman and Chairman Emeritus. Berdon has served with distinction on the Kirby Board, helping guide the growth of Kirby from
of assets in 1999 to over
today and our revenue from
in 1999 to over
William M. Waterman
, the former President of Penn Maritime Inc. ("Penn"), acquired by Kirby on
December 14, 2012
, was elected to the Kirby Board effective
, 2012. Penn operates 18 tank barges and 16 tugboats participating in the coastal transportation of primarily black oil products, including crude oil, along the East Coast and Gulf Coast of
the United States
Commenting on the election of Mr. Waterman to the Kirby Board, Mr. Pyne stated, "Bill brings a wealth of expertise and knowledge of the coastal transportation of black oil products by tank barge, having served as President of Penn since 1983. We are looking forward to leveraging Bill's knowledge as we continue to grow Kirby and create stockholder value."