Great Lakes Announces Changes to Board of Directors
November 30 2017 - 8:00AM
Great Lakes Dredge & Dock Corporation (the “Company” or “Great
Lakes”) (NASDAQ:GLDD), the largest provider of dredging services in
the United States and a major provider of environmental and
remediation services, today announced that Kathleen M. Shanahan and
Ronald R. Steger have been appointed to the Board of Directors’
2018 and 2019 director classes, respectively, effective as of the
Company’s 2018 annual meeting to be held in May. In addition, at
that time, the Board will be increased to nine members. At
this time, the Company has not made a determination regarding any
committee assignments for either Ms. Shanahan or Mr. Steger.
The Company also announced today that current Board Member Jason
G. Weiss has elected to withdraw his name from consideration for
the 2018 slate of nominees. Mr. Weiss is a Member of the
Audit Committee and the Chair of the Compensation Committee.
Robert B. Uhler, P.E., Chairman of the Board, commented, “We are
delighted to welcome Kathleen and Ron to the Great Lakes Board.
Kathleen and Ron bring a wealth of relevant valuable experience to
the Company. Their appointments underscore our continued
commitment to Board refreshment and add strength and diversity to
the overall Board composition. On behalf of the Board, I welcome
both of them and look forward to working with them.”
Mr. Uhler continued, “Finally, on behalf of the Board, I’d like
to extend our sincere gratitude to Jason Weiss for his service to
the Company over the past decade. Jason has been a committed member
of the Great Lakes Board since the Company went public in 2006, and
has chaired and served on numerous board committees during his
tenure.”
About Kathleen M. Shanahan
Ms. Shanahan is currently the Chair of Ground Works Solutions
and previously served as Chair and Chief Executive Officer of the
company (previously known as URETEK Holdings, Inc.), which provides
foundation lifting and soil stabilization solutions, until March
2016. Ms. Shanahan also previously served as the Chair and
Chief Executive Officer of WRS Infrastructure & Environment,
Inc. (d/b/a WRScompass), an environmental engineering and civil
construction company. Additionally, Ms. Shanahan has held
numerous positions in government and public policy, having served
on the campaigns and administrations of Vice Presidents George H.W.
Bush and Dick Cheney as well as Chief of Staff for Governor Jeb
Bush. Ms. Shanahan holds a Bachelor’s Degree in
Nutrition-Biochemistry from the University of California San Diego
and received an Executive MBA from the New York University Leonard
N. Stern School of Business.
In addition to her significant experience at the executive level
and engagement in political activities, Ms. Shanahan has held
numerous board positions. Currently, she is a member of the Board
of Directors of BioIQ, Inc. and Turtle & Hughes, Inc., and she
was previously a member of the Board of Directors and Audit
Committee of TRC Companies, Inc. and a member of the Board of
Managers of TerraSea Environmental Solutions LLC, one of the
Company’s previous joint ventures. She is also the current Co-Chair
of the Florida100, an advisory committee on economic development
comprised of 100 CEO’s.
About Ronald R. Steger
Mr. Steger currently serves on the Boards of Directors of Global
Eagle Entertainment Inc. (NASDAQ:ENT) and Overseas Shipholding
Group, Inc. (NYSE:OSG), where he holds the position of Audit
Committee Chair for both. Mr. Steger also currently serves as an
Advisory Board Member of ATREG, Inc. and he previously served on
the Board of Directors of International Seaways, Inc.
Additionally, Mr. Steger is currently a Senior Technical Advisor
at Effectus Group, a boutique accounting advisory firm that
specializes in serving high-growth technology companies.
Until December 31, 2013, Mr. Steger worked as an Audit Partner for
KPMG LLP, where he served a broad array of clients in the Fortune
1000 and middle market technology, chemical, food-service and
semiconductor sectors. Additionally, throughout his career, Mr.
Steger has gained significant knowledge regarding the marine
services industry and remote data management and automation. Mr.
Steger holds a Bachelor’s Degree in Accounting from Villanova
University, and he is a licensed Certified Public Accountant
(retired status).
The Company
Great Lakes Dredge & Dock Corporation
(“Great Lakes” or the “Company”) is the largest provider of
dredging services in the United States and the only U.S. dredging
company with significant international operations. The Company is
also a significant provider of environmental and remediation
services on land and water. The Company employs civil, ocean
and mechanical engineering staff in its estimating, production and
project management functions. In its over 127-year history,
the Company has never failed to complete a marine project. Great
Lakes has a disciplined training program for engineers that ensures
experienced-based performance as they advance through Company
operations. Great Lakes also owns and operates the largest and most
diverse fleet in the U.S. dredging industry, comprised of over 200
specialized vessels.
Cautionary Note Regarding
Forward-Looking Statements Certain statements in this
press release may constitute "forward-looking" statements as
defined in Section 21E of the Securities Exchange Act of 1934 (the
"Exchange Act"), the Private Securities Litigation Reform Act of
1995 (the "PSLRA") or in releases made by the Securities and
Exchange Commission (the "SEC"), all as may be amended from time to
time. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause
the actual results, performance or achievements of Great Lakes and
its subsidiaries, or industry results, to differ materially from
any future results, performance or achievements expressed or
implied by such forward-looking statements. Statements that are not
historical fact are forward-looking statements. These cautionary
statements are being made pursuant to the Exchange Act and the
PSLRA with the intention of obtaining the benefits of the "safe
harbor" provisions of such laws. Great Lakes cautions investors
that any forward-looking statements made by Great Lakes are not
guarantees or indicative of future events.
Although Great Lakes believes that its plans,
intentions and expectations reflected in this press release are
reasonable, actual events could differ materially. The
forward-looking statements contained in this press release are made
only as of the date hereof and Great Lakes does not have or
undertake any obligation to update or revise any forward-looking
statements whether as a result of new information, subsequent
events or otherwise, unless otherwise required by law.
GLDD CORP
For further information contact: Abby
Sullivan, Investor Relations
630-574-3024
Global Eagle Entertainment (NASDAQ:ENT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Global Eagle Entertainment (NASDAQ:ENT)
Historical Stock Chart
From Apr 2023 to Apr 2024