Great Lakes Dredge & Dock Corporation Announces the Retirement of Chief Operating Officer, David E. Simonelli
June 23 2022 - 4:05PM
Great Lakes Dredge & Dock Corporation (“Great Lakes” or the
“Company”) (NASDAQ:GLDD), the largest provider of dredging services
in the United States announced today that its Chief Operating
Officer, David E. Simonelli, will retire effective September 16,
2022. After his retirement, he will provide consulting services to
the Company.
Mr. Simonelli, who has spent forty-four years with Great Lakes,
became the President of the Company’s Dredging Division in 2010,
and Chief Operating Officer in 2018. His commitment to project and
employee safety, environmental protection, and successful project
completion has contributed significantly to the Company’s record
years of profitability and project successes. In addition to his
contributions to the achievements of Great Lakes, he has been
recognized for his leadership, innovation, and extensive
contributions to the dredging industry. The Incident & Injury
Free journey Dave and former CEO Doug Mackie began in 2005
transformed the safety culture of the company and elevated the bar
for safe operations for the entire US dredging industry.
Lasse Petterson, President and Chief Executive Officer
commented, “Dave Simonelli’s rise through the Company’s ranks has
demonstrated his dedication to Great Lakes and all of our
employees. He is well known for tackling the toughest projects, the
most challenging issues, and doing so with great success. One of
Simonelli’s key passions has been to assure that the Bullseye
culture remains a key foundation of the Company and as such, he has
been a mentor and advisor to several generations of colleagues at
Great Lakes who will now build on his legacy for the future. We
thank him for his many years of service and know that his
retirement is well deserved. We look forward to our continued
association with Dave in a different capacity as we complete the
transition plan which has been in progress and which will entail an
operating structure that best maximizes our growth in the market
and in the dredging and offshore wind industries.”
The Company Great Lakes Dredge
& Dock Corporation (“Great Lakes” or the “Company”) is the
largest provider of dredging services in the United States. In
addition, Great Lakes is fully engaged in expanding its core
business into the rapidly developing offshore wind energy industry.
The Company has a long history of performing significant
international projects. The Company employs experienced civil,
ocean and mechanical engineering staff in its estimating,
production and project management functions. In its over 132-year
history, the Company has never failed to complete a marine project.
Great Lakes owns and operates the largest and most diverse fleet in
the U.S. dredging industry, comprised of approximately 200
specialized vessels. Great Lakes has a disciplined training program
for engineers that ensures experienced-based performance as they
advance through Company operations. The Company’s Incident-and
Injury-Free® (IIF®) safety management program is integrated into
all aspects of the Company’s culture. The Company’s commitment to
the IIF® culture promotes a work environment where employee safety
is paramount.
For further information
contact: Tina BaginskisDirector,
Investor Relations630-574-3024
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