BATON ROUGE, La., Jul 26, 2004 (BUSINESS WIRE) -- The Shaw Group
Inc. (NYSE:SGR) announced today that the Nuclear Energy Institute
(NEI) has elected Richard F. Gill to its Board of Directors. Gill is
Executive Vice President and Chairman of the Executive Committee for
The Shaw Group and will serve a three-year term on the NEI Board.
Gill has served Shaw in various capacities including Executive
Vice President and Chief Operating Officer and as President of Shaw's
Stone and Webster, Inc. unit. Previously, Mr. Gill was Founder and
President of Merit Industrial Constructors Inc., which was acquired by
Shaw in 1997.
All U.S. nuclear power plant licensees and selected
representatives of other companies involved in nuclear technologies
are members of the NEI Board of Directors. Members of the board and
its Executive Committee typically serve three-year terms, and officers
are elected annually.
Shaw, through its subsidiary, Stone & Webster, Inc., is a
recognized leader in the nuclear industry having provided operations
and support services to more than 95 percent of the nation's nuclear
facilities. Shaw is the domestic leader in the supply of multi-station
contract maintenance and plant restart construction services and
currently supplies maintenance services to approximately one third of
the nation's nuclear facilities. Engineering News Record Magazine
currently ranks The Shaw Group second in the world for nuclear plant
design in its "Top 10 in Nuclear Plants" listing.
The Shaw Group Inc. is a leading provider of consulting,
engineering, construction, remediation, and facilities management
services to government and private sector clients in the
environmental, infrastructure, and emergency response markets. The
Shaw Group is also a vertically integrated provider of comprehensive
engineering, consulting, procurement, pipe fabrication, construction,
and maintenance services to the power and process industries
worldwide. A Fortune 500 company, The Shaw Group is headquartered in
Baton Rouge, Louisiana, and employs approximately 16,000 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 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 website under the heading
"Forward-Looking Statements". 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
website at www.shawgrp.com.
SOURCE: The Shaw Group Inc.
The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2500