BATON ROUGE, La., Oct 14, 2002 (BUSINESS WIRE) -- The Shaw Group Inc.
(NYSE:SGR) ("Shaw" or "the Company") is pleased to announce that the retired
Major General Ansel M. Stroud, Jr. has been retained as an advisor to Shaw
Environmental & Infrastructure, Inc. ("Shaw E & I"). In this role, Major General
Stroud will provide expert advice and counsel on state and federal government
business development relating to the homeland security initiative.
Tim Barfield, President of Shaw E & I, stated, "Major General Stroud is a highly
respected advisor with proven homeland defense expertise. With over 50 years of
distinguished service to this country, he will be a valuable asset to Shaw as it
moves forward as a top provider of homeland security solutions."
Major General Stroud served in the United States military for over fifty years,
serving as Adjutant General of Louisiana for over 17 years before retiring in
November of 1997. As Adjutant General, he was responsible for the deployment and
coordination of programs, policies and plans affecting more than 14,000 members
of the Louisiana Army and Air National Guard. Noteworthy of his tenure as
Adjutant General, was the performance of the Louisiana National Guard units
during Desert Storm, when 6,400 Army Guardsmen from Louisiana were mobilized,
more than from any other state. Federally, General Stroud was selected to direct
a Department of the Army study on full-time training and administration for the
Guard and Reserve. The study, known as the "Stroud Study", was accepted by the
Department of the Army as a guideline for requirements of the National Guard and
Army Reserve for full-time manning programs.
General Stroud was appointed as the Director of the Louisiana Office of
Emergency Preparedness ("LOEP") in 1989. In 1991, the Guard and the LOEP were
recognized for their performance after Hurricane Andrew. General Stroud has also
served as a member of the Federal Emergency Management Agency's Advisory Board
("FEMA") representing the National Guard Association of the United States and as
the Chairman of the Board of Commissioners for the Orleans Parish Communication
District. General Stroud is a Past President of the Adjutants General
Association of the United States, a Past President of the National Guard
Association of the United States and a Trustee of the Association of the United
States Army.
The Shaw Group Inc. is the world's only vertically-integrated provider of
comprehensive engineering, procurement, pipe fabrication, construction and
maintenance services to the power, process and environmental & infrastructure
sectors. Shaw is headquartered in Baton Rouge, Louisiana, and currently has
offices and operations in North America, South America, Europe, the Middle East
and Asia-Pacific. Shaw employs more than 20,000 people annually. Additional
information on The Shaw Group is available at www.shawgrp.com.
For additional information, please contact Christine N. Mollere, Vice President
of Corporate Communications, at 225/932-2500.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for certain forward-looking statements. The statements contained herein that are
not historical facts (including without limitation statements to the effect that
the Company or its management "believes," "expects," "anticipates," "plans," or
other similar expressions) and statements related to revenues, earnings,
backlog, or other financial information or results are forward-looking
statements based on the Company's current expectations and beliefs concerning
future developments and their potential effects on the Company. There can be no
assurance that future developments affecting the Company will be those
anticipated by the Company. These forward-looking statements involve significant
risks and uncertainties (some of which are beyond our control) and assumptions
and are subject to change based upon various factors. Should one or more of such
risks or uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those projected in
the forward-looking statements. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. A description of some of the risks and
uncertainties that could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports and
registration statements filed with the Securities and Exchange Commission,
including its Form 10-K and Form 10-Q, reports and on the Company's web-site
under the heading "Forward Looking Statement". These documents are also
available from the Securities and Exchange Commission or from the Investor
Relations department of Shaw. For more information on the company and
announcements it makes from time to time on a regional basis visit our web site
at www.shawgrp.com.
CONTACT: The Shaw Group Inc., Baton Rouge
Christine N. Mollere, 225/932-2500
www.shawgrp.com
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