HOUSTON, July 3, 2018 /PRNewswire/ -- McDermott
International, Inc. (NYSE: MDR) announced today that Samik Mukherjee has been appointed to serve as
the company's new Executive Vice President and Chief Operating
Officer (COO), effective July 3,
2018.
"Samik possesses tremendous experience and knowledge of our
industry and has a strong track record of driving operational
excellence on a global scale," said David
Dickson, President and Chief Executive Officer of McDermott.
"I am confident that he will effectively leverage our integrated,
end-to-end solutions to help McDermott grow and win new business,
execute our projects on time and on budget, and develop strategic,
long-term relationships with our customers."
As the COO, Samik will be responsible for globally leading
McDermott's operations covering the four geographic areas. He will
also oversee McDermott's key product lines and services to ensure
internal strategy and decisions are based on a strong understanding
of customer needs. Samik has more than 25 years of experience in
operations as well as commercial and strategy roles, having served
in leadership roles for the upstream and downstream oil and gas
industry around the world. He also has extensive experience in
process technologies.
Prior to his appointment as McDermott's COO, Samik was the
Executive Vice President of Corporate Development, Strategy,
Mergers and Acquisitions, Digital and IT for TechnipFMC. He joined
Technip in 1998 in The
Netherlands, and during his career with the company, he led
the business unit for Africa,
served as managing director in India before moving to France to serve as the global head for subsea
business and strategy, and later as the Senior Vice President of
the Europe, Middle East, India and Africa region for onshore-offshore.
Samik holds a master's degree in business administration from
the Rotterdam School of Management at Erasmus
University in The
Netherlands, a bachelor's degree in chemical engineering
from the Indian Institute of Technology Kanpur and has completed
the Harvard Business School Executive
Program on Aligning and Executing Strategy.
About McDermott
McDermott is a premier, fully integrated provider of technology,
engineering and construction solutions to the energy industry. For
more than a century, customers have trusted McDermott to design and
build end-to-end infrastructure and technology solutions—from the
wellhead to the storage tank—to transport and transform oil and gas
into the products the world needs today. Our proprietary
technologies, integrated expertise and comprehensive solutions
deliver certainty, innovation and added value to energy projects
around the world. Customers rely on McDermott to deliver certainty
to the most complex projects, from concept to commissioning. It is
called the "One McDermott Way." Operating in over 54 countries,
McDermott's locally focused and globally-integrated resources
include approximately 40,000 employees and engineers, a diversified
fleet of specialty marine construction vessels and fabrication
facilities around the world. To learn more, visit
www.mcdermott.com.
Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, McDermott cautions that
statements in this press release which are forward-looking, and
provide other than historical information, involve risks,
contingencies and uncertainties that may impact McDermott's actual
results of operations. These forward-looking statements include,
among other things, statements about Mr. Mukherjee's qualifications
to effectively leverage McDermott's integrated, end-to-end
solutions to help grow and win new business, execute projects on
time and on budget, and develop strategic, long-term relationships
with customers. Although we believe that the expectations reflected
in those forward-looking statements are reasonable, we can give no
assurance that those expectations will prove to have been correct.
Those statements are made by using various underlying assumptions
and are subject to numerous risks, contingencies and uncertainties,
including, among others: adverse changes in the markets in which we
operate or credit markets, our inability to successfully execute on
contracts in backlog, changes in project design or schedules, the
availability of qualified personnel, changes in the terms, scope or
timing of contracts, contract cancellations, change orders and
other modifications and actions by our customers and other business
counterparties, changes in industry norms and adverse outcomes in
legal or other dispute resolution proceedings. If one or more of
these risks materialize, or if underlying assumptions prove
incorrect, actual results may vary materially from those expected.
For a more complete discussion of these and other risk factors,
please see McDermott's annual and quarterly filings with the
Securities and Exchange Commission, including its annual report on
Form 10-K for the year ended December 31,
2017 and subsequent quarterly reports on Form 10-Q. This
press release reflects management's views as of the date hereof.
Except to the extent required by applicable law, McDermott
undertakes no obligation to update or revise any forward-looking
statement.
Contacts:
Investor Relations
Scott
Lamb
Vice President, Investor Relations
+1 832 513 1068
Scott.Lamb@McDermott.com
Global Media Relations
Gentry Brann
Global Vice President, Communications
+1 281 870 5269
Gentry.Brann@McDermott.com
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SOURCE McDermott International, Inc.