Dugan Elected Chair of ASA
The American Shipbuilding Association (ASA) announced that Mr. John F. “Dugan” Shipway, President of Bath Iron Works, Bath, ME, has been elected Chairman of the Board of ASA for calendar years 2009 and 2010. Mr. Matthew J. Mulherin, Sector Vice President and General Manager of Newport News Shipbuilding, Newport News, VA, has been elected as the Association’s Vice Chairman. Dugan Shipway joined Electric Boat in July of 2000 as a Special Assistant to the President and was appointed President of Bath Iron Works on April 28, 2003. Prior to joining Electric Boat, he was a career Navy officer, retiring as a Rear Admiral after 35 years of service. He commanded a nuclear attack submarine for more than four years after previously serving on various other submarine platforms.
Kvaerner Advised To Not Name New Board
Kvaerner ASA had been advised to drop a plan to name a new board due to disagreements among major shareholders and a possible scheme to split the company. Kvaerner said in a statement that a two-man election committee seeking to find board members acceptable to big shareholders "concluded it is not possible to put together a board that all major shareholders can agree upon." It said the committee advised the board and major shareholders against calling a suggested extraordinary shareholders' meeting to seek to name a board. And Kvaerner noted that its existing board was considering a plan to split the company, launched last week, "so it may be necessary to name boards for two companies listed on the stock market." – (Reuters)
Peters Named New President of ASA
The American Shipbuilding Association (ASA) announces that Mr. Mike Petters, President of Northrop Grumman Newport News, Newport News, VA, has been elected Chairman of the Board of ASA for calendar years 2007 and 2008. Mr. John F. “Dugan” Shipway, President of General Dynamics Bath Iron Works, Bath, ME, has been elected as the Association’s Vice Chairman. Mike Petters graduated from the U.S. Naval Academy in 1982 with a bachelor's degree in physics, and he completed the MBA program at the College of William and Mary in 1993. In 1987, Mr. Petters joined Newport News Shipbuilding in the Los Angeles-class submarine construction division.
