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New CEO Announced for VT Halter Marine

Maritime Activity Reports, Inc.

January 2, 2003

General (Ret.) John Coburn, CEO and Chairman of VT Systems Inc., announced the appointment of Boyd E. (Butch) King as CEO of VT Halter Marine Inc. at a company event celebrating the acquisition of VT Halter Marine. “King brings tremendous experience to his new position,” stated Gen. Coburn. “He will be at the forefront to ensure that VT Halter Marine contributes to the profitability of our marine sector.” Most recently a senior associate with Booz Allen and Hamilton, King consulted on various logistical support projects. Among other, this included the study and recommendation to revamp the Balkan Military Support initiative for the United States Army Europe. King also played an instrumental role in developing the Capstone Training Course for the first Interim Brigade Combat Team command and staff for the Army’s Training and Doctrine Command. Prior, King had a successful 35-year career in the U.S. Army, culminating in his appointment as Director of Transportation, Energy and Troop Support on the Army staff. In this position, he was responsible for a $3.9 billion dollar program to improve power projection platforms in the United States. During his Army career, King was at the helm of various logistic operations, which included the shipping of combat equipment in support of operations in Haiti to meet National Command Authority requirements for deployment. Mr. King was also in charge of the management and tracking of 12,000 ocean shipping containers worldwide; and the movement of Department of Defense cargo and personnel through Army and civilian seaports worldwide. He retired in 1998 as a Brigadier General. King received a Masters of Business Administration, with a concentration in Logistics from the Florida Institute of Technology; and a Bachelor of Arts degree from Auburn University. He also graduated from the Army War College and the Industrial College of the Armed Forces.

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