McDermott Announces Results of Shareholders' Meeting
Friday, May 09, 2008 11:48 AM
Symbols: MDR

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

(Source: Business Wire )

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