BATON ROUGE, La., Sep 29, 2003 (BUSINESS WIRE) -- The Shaw Group
Inc. (NYSE: SGR) today announced that Lieutenant General Michael P.
DeLong has been named Corporate Vice President of Global Planning and
Operations. In this newly created position, Lieutenant General DeLong
will support commercial and governmental client relationships in the
international energy and infrastructure markets, leading some of
Shaw's key global programs while playing a significant role in the
execution of Shaw's strategic plan.
"We are extremely fortunate to have someone of Lieutenant General
DeLong's caliber on our senior management team. He brings an extensive
background in government relations, tremendous leadership skills and a
keen sense of strategic vision to our Company," said J.M. Bernhard,
Jr., Shaw's Chairman, President and Chief Executive Officer. "With the
experience he has as a military leader, he'll bring Shaw valuable
insight into the federal agencies we are working with and enable us to
forge even stronger relationships with these customers."
Lieutenant General DeLong has led a distinguished, 36-year
military career, most recently serving as the Deputy Commander, United
States Central Command at MacDill Air Force Base in Florida. As
Second-in-Command, Lieutenant General DeLong managed an $8.2 billion
operating budget and directed a team of senior executive officers with
a staff of over 3,000 personnel who conceived and implemented the
Global War on Terrorism, Operation Enduring Freedom and Operation
Iraqi Freedom. His career demonstrates proven success in team leading
and financial management. He has commanded at all levels, directing
large forces of U.S. Marines and aircraft, and administering
multi-million dollar operating budgets.
Lieutenant General DeLong has extensive government relations
experience including direct interactions with the White House, the
Secretary and Deputy Secretary of Defense, the Deputy Secretary of
State, and other federal agencies. He holds a Masters Degree in
Industrial Management from Central Michigan University and an honorary
Doctorate in Strategic Intelligence from the Joint Military
Intelligence College in Anacostia, Maryland. Lieutenant General DeLong
graduated from the U.S. Naval Academy with a B.S. in Aeronautical
Engineering.
The Shaw Group Inc. is a leading global provider of engineering,
procurement, construction, maintenance, fabrication, manufacturing,
consulting, remediation, and facilities management services for
government and private sector clients in the power, process,
environmental, infrastructure and homeland defense markets. The
Company is headquartered in Baton Rouge, Louisiana and employs
approximately 15,000 people at its offices and operations in North
America, South America, Europe, the Middle East and the Asia-Pacific
region. For further information, please visit the Company's website at
www.shawgrp.com.
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.
Note: A photo is available at URL:
http://www.businesswire.com/cgi-bin/photo.cgi?pw.092903/bb3
SOURCE: The Shaw Group Inc.
The Shaw Group Inc., Baton Rouge
Laurie LaChiusa, 225-932-2500
http://www.businesswire.com
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