McDermott Elect G.P. Luquette Board Chairman

Provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, McDermott International, say that Gary P. Luquette has been elected as non-executive Chairman of McDermott’s Board of Directors, effective May 6, 2014.

The company informs that Mr. Luquette has served as a member of McDermott’s Board of Directors since October 18, 2013. He retired from his position as President, Chevron North America Exploration and Production, a unit of Chevron Corporation, in September 2013, following 35 years of service with Chevron.

The Company also announced the following changes and leadership of McDermott’s Board of Director committees, effective today:
    •    William H. Schumann, III will serve as Chairman of the Audit Committee
    •    David A. Trice will serve as Chairman of the Finance Committee
    •    Steven G. Hanks will serve as Chairman of the Governance Committee
    •    Mary L. Shafer-Malicki continues as Chairman of the Compensation Committee

“I would like to thank D. Bradley McWilliams [who is to retire after 11 years of service as non-executive chairman] for his leadership and many valuable contributions to the Company over the past eleven years,” said David Dickson, President and Chief Executive Officer. “I look forward to working with Mr. Luquette closely to leverage his extensive managerial and operational experience in upstream oil and gas.”

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