Changes to Kirby Corp. Board

Press Release
Friday, December 21, 2012

C. Berdon Lawrence retires from Board after 13 years of service, William M. Waterman, former President of Penn Maritime, elected to Board.

Kirby Corporation, based in Houston, Texas, is the nation's largest domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii.

Mr. Lawrence is retiring to devote more time to family and other business interests, having served as Chairman of the Board of Kirby from October 1999 to April 2010 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 October 1999.

William M. Waterman , the former President of Penn Maritime Inc., acquired by Kirby on December 14, 2012, was elected to the Kirby Board effective December 31, 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."
 

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