Page 10: of Maritime Reporter Magazine (February 1995)

McDermott Announces New Executive Assignments

Robert E. Howson, chairman of the board and chief executive officer, McDermott Interna- tional, Inc., has announced a new operating organization for the company. "The pending conclusion of the merger that will create J. Ray McDermott presents us with the opportunity to realign McDermott's opera- tions along the lines of our major business units,"

Mr. Howson said. The following assignments are effective immediately: • James J. Wildasin will be named president and chief operating officer, J. Ray McDermott,

S.A., a new company which will begin operations upon completion of the merger of McDermott's marine construction business with Offshore Pipe- lines, Inc. He will report to Mr. Howson in his position as chairman of the board and CEO of J.

Ray McDermott and will remain in London.

Shareholders of Offshore Pipelines, Inc. were scheduled to vote on the proposed merger at a meeting on January 30. • Joe J. Stewart is named executive vice president, McDermott International, Inc., and president, Babcock & Wilcox Government Group.

He will report to Mr. Howson and will relocate to Lynchburg, Va. Mr. Stewart will be respon- sible for B&Ws work for the U.S. government, the diversification of the company's operations into new government and commercial markets, and McDermott Intl's project management. • E.O. (Neal) Hooker who will continue to report to Mr. Stewart, remains senior vice presi- dent, Babcock & Wilcox Government Group. • Brock A. Hattox is named executive vice president and remains chief financial officer,

McDermott International, Inc., and is named president, Engineering and Industrial Group.

He will remain a member of the board of direc- tors. He will report to Mr. Howson and relocate to Houston. Mr. Hattox will continue to be responsible for corporate financial functions, and assumes responsibility for McDermott's onshore engineering businesses, and its proposed projects in the former Soviet Union. • Daniel R. Gaubert who will continue to report to Mr. Hattox, is named vice president, finance. Mr. Gaubert will be responsible for accounting, controller, treasury, and tax func- tions. • Walter E. Boomer is named executive vice president, McDermott International, Inc., and president, Babcock & Wilcox Power Generation

Group. He will report to Mr. Howson and will relocate to Barberton. Mr. Boomer will be re- sponsible for B&Ws worldwide fossil power and replacement nuclear steam generator businesses. • E. Allen Womack senior vice president and chief technical officer, assumes additional re- sponsibility for the project management activi- ties of McDermott Shipbuilding, Inc., which in- cludes engineering, design, procurement, and planning. He will continue to report to Mr.

Howson. • Richard E. Woolbert is named executive vice president and remains chief administrative of- ficer. He will continue to report to Mr. Howson.

Mr. Woolbert assumes additional responsibility for global marketing and for purchasing. • Lawrence R. Purtell senior vice president and general counsel, corporate secretary, as- sumes additional responsibility for corporate plan- ning and business development. He will con- tinue to report to Mr. Howson.

ASRY Ship Repair Business Up In 1994

Arab Shipbuilding & Repair Yard (ASRY) reported ship repair revenue was $66.5 million for 1994, an 18 percent gain over 1993. Operat- ing profit reached $7 million, and net profit, after depreciation, interest and loan repayment for

ASRYs expansion project, was $150,000.

For more information on ASRY

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Senator Kerry Named Ranking

Member Of Maritime Subcommittee

Senator John Kerry of Massachusetts was named ranking member of the Commerce

Committee's new Oceans and Fisheries Subcom- mittee. The subcommittee was created to re- place National Ocean Policy Study.

Brown Bros. Uses Orkot Bearing

Material On Superliner

Orkot's TLM/M Marine has been used in more than 20 vessels, the latest being the 100,000-ton superliner being built for P&O's U.S.-based sub- sidiary Princess Cruises by Fincantieri. For that vessel, Brown Brothers is supplying VM600 sta- bilizer fins containing Orkot bearings.

Brown Brothers' Bill McDiarmid explained there were two main factors why Orkot was chosen for this and other applications. "First, the low swell properties of TLM in sea water, and secondly, the load bearing capacity of the Orkot material was the highest of its type and specific loadings are critical." Brown Bros, have specified

Orkot's TL or TLM/M marine bearing composite for the past eight years.

For more information on Orkot

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Maritime Reporter/Engineering News

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