McDermott International has selected an executive leadership team and integrated organisational structure for a combined entity formed by its merger with Chicago Bridge & Iron Company (CB&I).
The appointments will become effective once the merger is closed in Q2 2018.
Following the completion of the transaction, the company’s operations will be categorised into geographic areas North, Central & South America (NCSA); Europe, Africa, Russia & Caspian (EARC); the Middle East & North Africa (MENA); and the Asia Pacific (APAC).
McDermott International president and CEO David Dickson will lead the combined company. He said: “The plans announced today are important steps to position the combined company to build a common culture, better serve our customers, become more competitive and drive long-term growth.
“Together, we will be well positioned to maximise our proven ability to control risk in bidding and deliver excellence in project execution in a cost-efficient delivery structure.
“We will partner with our customers to provide integrated, end-to-end solutions, from the wellhead to the storage tank, that deliver the quality, efficiency and dependability needed to keep their businesses growing.”
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By GlobalDataBesides offering improved customer interactions and allocation of resources, the integration of commercial business is expected to enable consistency of approach and risk management of new contracts.
Other business units to be centralised include Project Delivery and Quality, Health, Safety, Environment & Security (QHSES), which are expected to drive project delivery performance.
The $6bn merger agreement was reached in December last year.
In January this year, McDermott secured an approval from the US Federal Trade Commission (FTC).