BATON ROUGE, La.--(BUSINESS WIRE)--Nov. 30, 2004--The Shaw Group
Inc. (NYSE:SGR) today announced that Dirk J. Wild, has been appointed
to the newly created position of Senior Vice President and Chief
Accounting Officer of The Shaw Group, reporting to Executive Vice
President and Chief Financial Officer, Robert L. Belk. In his new
role, Mr. Wild will be responsible for overseeing all accounting and
financial reporting functions of Shaw. His initial focus will be on
integrating accounting functions, policies and controls across all
divisions of Shaw, improving delivery of transparent financial
information to both internal and external users and ensuring
compliance with all regulatory requirements related to accounting,
including the requirements under the Sarbanes-Oxley Act and under the
Defense Contract Audit Agency regulations.
Mr. Wild has been with Shaw since 2001 and has held several
positions of increasing responsibility during his tenure. Most
recently, he held the joint position of Chief Financial Officer for
Shaw's Engineering, Construction and Maintenance operating division,
as well as Vice President, Special Projects. During this time, Mr.
Wild was an integral part of the financial management team and played
a large role in several strategic initiatives, including the
acquisition and integration of The IT Group, Inc. in 2002. He has been
instrumental in the reorganization and consolidation of Shaw's overall
operations and management structure including the development and
implementation of improved internal controls and processes.
Mr. Belk commented, "Dirk's comprehensive knowledge of public
company financial reporting and expertise in general operations and
management have played an important role in our ability to streamline
processes, maximize efficiencies and improve execution. His broad
expertise in mergers, acquisitions, and debt and equity transactions,
will be a tremendous asset as we expand our management team, improve
our financial reporting procedures, and execute future strategic
Before joining Shaw, Mr. Wild was Senior Manager of Assurance &
Business Advisory Services for Arthur Andersen in New Orleans where he
worked with a broad range of companies in diverse industries including
construction, oil field services, wholesale distribution,
manufacturing and distribution, transportation and real estate. Mr.
Wild is a certified public accountant and holds a Bachelor of Science
degree in accounting from Louisiana Tech University, where he
graduated summa cum laude in 1989. He received his graduate degree in
professional accounting from the University of Texas in 1990.
The Shaw Group Inc. is a leading global provider of technology,
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 emergency response markets.
A Fortune 500 company, The Shaw Group is headquartered in Baton Rouge,
Louisiana, and employs approximately 17,000 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 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.
CONTACT: The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2546
SOURCE: The Shaw Group Inc.