BATON ROUGE, La.--(BUSINESS WIRE)--April 21, 2003--The Shaw Group
Inc. (NYSE:SGR) ("Shaw" or "the Company") today announced that Laurie
LaChiusa has rejoined the Company as Vice President of Investor
Relations and Corporate Communications, replacing the recently
retired, Christine N. Mollere. Ms. LaChiusa served as The Shaw Group's
Investor Relations Director from 1996 to 1998, and managed the
Company's investor relations activities in 1995 during her tenure as
Account Supervisor for Morgen-Walke Associates, an investor relations
and corporate communications firm based in New York. She brings to
Shaw a varied background in financial relations that spans ten years.
Ms. LaChiusa returns to The Shaw Group from Trust Company of the
West, a Los Angeles based investment management firm with $80 billion
in assets under management, where she served as Vice President of
Private Client Services. Previously, she spent over three years in the
environmental business as Vice President of Business Development for
Electrokinetics, Inc., a Baton Rouge-based environmental company with
an innovative technology for hazardous waste remediation. Ms. LaChiusa
began her career as an Institutional Equity Sales Representative for
Wertheim Schroder, Inc., a New York-based investment banking and
institutional brokerage firm.
"I would like to thank Mrs. Mollere for her service and dedication
to The Shaw Group for the past five years and wish her well in her new
endeavors," stated J. M. Bernhard, Jr., Chairman, President, and CEO
of The Shaw Group Inc. "I'd also like to welcome Ms. LaChiusa on her
return to the Company. Because of her strong investment background,
she brings a plethora of knowledge and experience to the Company, and
we look forward to her being a valuable asset to our management team."
The Shaw Group Inc. offers a broad range of services to clients in
the environmental and infrastructure, power and process industries
worldwide. The Company is a leading provider of consulting,
engineering, construction, remediation and facilities management
services to the environmental, infrastructure and homeland security
markets. The Company is also a vertically-integrated provider of
comprehensive engineering, consulting, procurement, pipe fabrication,
construction and maintenance services to the power and process
industries. The Company is headquartered in Baton Rouge, Louisiana
with offices and operations in North America, South America, Europe,
the Middle East and the Asia-Pacific region and employs approximately
17,000 people. For more information please visit our website at
www.shawgrp.com.
For more information, please contact the Corporate Communications
Department 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
Corporate Communications Department, 225/932-2500
www.shawgrp.com
SOURCE: The Shaw Group Inc.
