Leadership Change at McDermott

McDermott International, Ltd announced that Lee McIntire, an independent director on the McDermott Board of Directors, will assume the responsibilities of interim Chief Executive Officer effective immediately. David Dickson, Chief Executive Officer, has decided to resign.

“Lee is a strategic and pragmatic leader,” said Nils Larsen, Lead Director. “He brings extensive experience leading successful engineering and construction firms and will work closely with McDermott’s executive leaders. McDermott has outstanding capabilities, resources, and talent, and we are confident in the Company’s future. I also want to thank David for his service and wish him the very best.”

Mr. McIntire said, “I have admired McDermott’s project execution and customer focus for years and was pleased to join the Board last year. I have confidence in the organization and am committed to staying focused on safety, efficiency, the environment, and our customers.”

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