McDermott International, Inc. (NYSE:MDR) (“McDermott”
or the “Company”)
announced today the results of its 2008 annual meeting of stockholders,
held this morning in Houston, Texas.
The Company’s nominees for election as Class I
Directors for a one year term were Roger A. Brown, Oliver D. Kingsley,
Jr. and Bruce W. Wilkinson. Each of these existing Board members
received a minimum affirmative vote of approximately 99 percent of the
votes cast by stockholders. In addition, all other proposals submitted
were approved, including the ratification of Deloitte & Touche LLP as
our independent registered public accounting firm for the year ending
December 31, 2008.
As previously disclosed and effective today, Admiral Bruce DeMars has
retired from McDermott’s Board of Directors
after 11 years of service to the Company, pursuant to the requirements
of the Company’s by-laws. Bruce W. Wilkinson
said, “On behalf of the Board of Directors,
our shareholders and the management team, I want to express our deep
gratitude to Bruce for his many years of service on the Board. Bruce’s
leadership and insight have been sincerely appreciated. His
contributions as Lead Director and member of our Audit Committee and
Governance Committee will be greatly missed.”
McDermott is an engineering and construction company, with specialty
manufacturing and service capabilities, focused on energy
infrastructure. McDermott’s customers are
predominantly utilities and other power generators, major and national
oil companies, and the United States Government. With its global
operations, McDermott operates in over 20 countries with more than
20,000 employees, and can be found on the internet at www.mcdermott.com.
McDermott International, Inc.
Investor Relations & Corporate
Communications
Jay Roueche, 281-870-5011
jroueche@mcdermott.com
or
Robby
Bellamy, 281-870-5011
www.mcdermott.com