Johnson President, CEO J. Ray McDermott

Monday, December 07, 2009
Photo courtesy J. Ray McDermott

J. Ray McDermott, S.A. (J. Ray) announced the appointment of Stephen M. Johnson as President and Chief Executive Officer of J. Ray, effective January 1, 2010.  Johnson is the current President and Chief Operating Officer of McDermott International, Inc.  (McDermott), J. Ray’s parent company.  He succeeds Robert A. Deason, who, as previously announced, will retire at the end of the year. 

Separately, McDermott announced that it plans to separate its operating subsidiaries, The Babcock & Wilcox Company (B&W) and J. Ray, into two independent, publicly traded companies.  Following completion of the separation, McDermott intends to be renamed J. Ray McDermott, S.A., and McDermott shareholders will own 100 percent of two separate companies: B&W and J. Ray.  Johnson will continue to serve as President and CEO of the newly independent J. Ray and will join the company’s Board of Directors.

Johnson has served as President and Chief Operating Officer of McDermott since April 2009, with primary responsibility for directing the day-to-day operations of the company and its operating subsidiaries, including J. Ray.  He has over 35 years of experience in the engineering and construction industry.  Previously, Johnson served as Senior Executive Vice President and Member, Office of the Chairman at Washington Group International (WGI), prior to its sale to URS Corporation.  In this role, he was an integral member of the WGI-team responsible for that company’s overall strategic direction, operations and financial results.  Prior to joining WGI in 2001, Johnson spent 28 years with Fluor Corporation.  Johnson earned a Bachelor of Science degree in engineering from Texas A&M University in 1973, and is a licensed Professional Engineer in the state of Texas.  He also completed executive education in management and finance at Duke University.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Australia, Japan Partner for Hydrodynamics Research

Australia and Japan have signed a cooperative research arrangement on marine hydrodynamics, the Chief Defence Scientist, Dr Alex Zelinsky, announced today.   “This

Cathelco Supply Equipment for Keppel Projects in Singapore

Press release -Cathelco have won orders to supply equipment for two projects which are being undertaken by Keppel yards in Singapore. The first is to provide marine

France-Corsica Ferry Operator SNCM's Takeover Gets EU Clearance

The European Commission has approved the takeover of troubled France-Corsica ferry operator SNCM by Corsican entrepreneur Patrick Rocca, according to a letter seen by Reuters on Tuesday.

Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1589 sec (6 req/sec)