Great Lakes Announces a New Appointment to the Board of Directors
August 02 2021 - 4:05PM
Great Lakes Dredge & Dock Corporation ("Company") (NASDAQ:
GLDD), the largest provider of dredging services in the United
States, announced that Earl Shipp was appointed to its Board
of Directors. His appointment as a new independent director was
effective July 29, 2021. In addition, upon his appointment,
the Board was increased to eight members.
Lawrence R. Dickerson, Chairman of the Board, commented, "It is
my great pleasure to welcome Earl Shipp to the Great Lakes Board.
Earl’s wide-ranging experience and leadership in diverse sectors
demonstrates the Company’s commitment to Board refreshment and
depth of knowledge. On behalf of the Board, I welcome Earl and look
forward to working with him."
About Earl ShippMr. Shipp most recently was
Vice President of Operations for the U.S. Gulf Coast and Vice
President for Texas Operations at Dow Inc. (NYSE:DOW), formerly
known as The Dow Chemical Company, a materials science leader
committed to delivering innovative and sustainable solutions for
customers in packaging, infrastructure and consumer care. Mr. Shipp
has over 38 years of domestic and international executive and
non-executive leadership experience in manufacturing, operations,
and strategic growth.
Until his retirement in 2017, he was ultimately responsible for
more than one-third of Dow’s global asset base. While managing
Dow’s Gulf Coast operations, he oversaw $7 billion in investments
in the area. In addition to his longtime service in Texas, Mr.
Shipp’s career at Dow has included management positions in Dubai,
Japan, Louisiana, Missouri and Ohio.
Currently, Mr. Shipp serves on the Board of Directors of
National Grid PLC (NYSE:NGG; London:NG), one of the world’s largest
investor-owned utilities focused on providing transmission and
distribution of electricity and gas to the United Kingdom of Great
Britain, and in the U.S. states of New York, Massachusetts, New
Hampshire, Rhode Island, and Vermont. It is a leader in the drive
to create clean, renewable, and sustainable energy solutions and is
an innovator in the energy industry. Mr. Shipp also serves on the
Board of Directors of Olin Corporation (NYSE:OLN), a leading
vertically integrated global manufacturer and distributor of
chemical products, including chlorine and caustic soda, vinyls,
epoxies, chlorinated organics, bleach and hydrochloric acid; and a
leading U.S. manufacturer in production and distribution of law
enforcement ammunition, small caliber military ammunition and
components, and industrial cartridges.
Mr. Shipp holds a Bachelor’s Degree in Chemical Engineering from
Wayne State University and graduated from The Consortium for
Graduate Study in Management at Indiana University. Additionally,
he is a United States Coast Guard Licensed Captain.
The CompanyGreat Lakes Dredge & Dock
Corporation (“Great Lakes” or the “Company”) is the largest
provider of dredging services in the United States. In addition,
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
131-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 over 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.
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.
For further information
contact: Tina BaginskisDirector,
Investor Relations630-574-3024
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