BATON ROUGE, La.--(BUSINESS WIRE)--July 19, 2005--The Shaw Group
Inc. (NYSE:SGR) today announced it has named Jim Lamon as President of
Shaw's power group in the Energy and Chemicals division. Mr. Lamon has
25 years of experience in both the public and private sectors, most
recently with Aker Kvaerner, a $5 billion global engineering and
construction firm. He will oversee all aspects of Shaw's power group
including business development and operations management and will
report to Ebrahim "Abe" Fatemizadeh, President of Shaw's Energy and
J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw,
said, "We are pleased to welcome Jim to our senior management team.
His broad portfolio of experience combined with Shaw's premier
capabilities and strong reputation in engineering, procurement and
construction project management services will be a powerful
combination, particularly in terms of marketing and overall execution.
Jim joins Shaw at an opportune time, as we see continued strengthening
in the power industry and significant opportunities to meet the
demands of the growing marketplace."
Mr. Lamon comes to Shaw after 15 years with Aker Kvaerner where he
served in a variety of management roles. Most recently, Mr. Lamon
served as President of Aker Kvaerner's North American Power division
where he was a member of its Executive Management Board and was
responsible for all North American operations, including marketing,
sales, business development, finance, technology, human resources,
engineering, procurement and construction. In this position, Mr. Lamon
directed many successful business initiatives that resulted in
dramatic improvement in health and safety statistics, sustained growth
in the division's revenues, continued professional development of the
group's personnel, and enhanced internal and external execution.
Mr. Fatemizadeh said, "Jim's impressive background in the power
industry from sales and marketing to engineering, procurement and
construction management experience will be a valuable asset to Shaw
and will reinforce our ability to capture and successfully execute
major power projects domestically and on the international front. We
are very pleased to have someone of Jim's professional caliber to
round out our leadership team."
Mr. Lamon's extensive career also includes business development
and operations positions with Clark-Kenith, Inc., as well as several
years of experience with the United States Army Corps of Engineers,
where he held a broad range of responsibilities including engineering,
operations, and government relations.
Mr. Lamon holds a Bachelor of Science in Civil Engineering from
the University of Alabama where he played football under the guidance
of renowned coach, Paul "Bear" Bryant. He is an active member of
several professional and civic associations.
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 energy,
chemical, environmental, infrastructure and emergency response
markets. With over $3 billion in revenues, Shaw is headquartered in
Baton Rouge, Louisiana, and employs approximately 18,000 people at its
offices and operations in North America, South America, Europe, the
Middle East and the Asia-Pacific region. The Company was recently
named for the second consecutive year to Fortune magazine's annual
list of "America's Most Admired Companies." For further information,
please visit Shaw's website at www.shawgrp.com.
Forward-Looking Statements - 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.