McDermott and CB&I announce organisational structure for future combined company
New organisation expects proven management model to deliver sustainable, profitable growth.
McDermott International and the Chicago Bridge & Iron Company (CB&I) have announced the selection of the executive leadership team and integrated organisational structure of the combined onshore-offshore company, which was announced at the end of 2017, and will be effective upon the close of the transaction.
"The plans announced today are important steps to position the combined company to build a common culture, better serve our customers, become more competitive and drive long-term growth," said McDermott president and CEO David Dickson, who will lead the combined company.
"I'm looking forward to being joined by an experienced leadership team comprised of extraordinary talent from both organisations and the wider energy industry. Together we will be well positioned to maximise our proven ability to control risk in bidding and deliver excellence in project execution in a cost-efficient delivery structure. We will partner with our customers to provide integrated, end-to-end solutions – from the wellhead to the storage tank – that deliver the quality, efficiency and dependability needed to keep their businesses growing."
Upon the close of the transaction, the combined company's operations will be organised by four Areas – North, Central and South America (NCSA), Europe, Africa, Russia and Caspian (EARC), Middle East and North Africa (MENA) and Asia Pacific (APAC).
CB&I's technology business will remain a tier-one market facing offering.
Under the new structure, the global executive leadership team will include David Dickson, currently serving as president and CEO for McDermott, who will continue in that role for the combined company. Stuart Spence, currently serving as executive vice president and CFO for McDermott, will continue in that role for the combined company.
Linh Austin will become head of Middle East and North Africa (MENA) for the combined company; he is currently vice president, Middle East and Caspian for McDermott.