BATON ROUGE, La.–(BUSINESS WIRE)–Oct. 27, 2005–The Shaw Group
Inc. (NYSE: SGR) today announced that Brockie Hall has been named Vice
President, Strategic Resources. In this newly created role, Mr. Hall
will focus on recruiting executives, senior managers and senior
project personnel globally and across all of Shaw’s business lines.
Mr. Hall will focus on identifying Shaw’s resource needs, sourcing and
recruiting the highest level of industry talent to successfully
execute the company’s current and anticipated portfolio of work in the
energy, chemicals, environmental and infrastructure markets. He will
report directly to Tim Barfield, President and Chief Operating Officer
of Shaw.
J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw,
said, “Over the past year and a half, Shaw has focused on capturing
strategic domestic and global opportunities. The recent announcements
of our SHARQ, Cleco and PPL projects are examples of our success and
we expect this increase in activity to continue internationally. We
are now working to expand our outstanding team of engineering and
construction professionals to successfully target opportunities and
execute projects. Mr. Hall will play a key role in reaching this
corporate goal. He has extensive experience in recruiting industry
experts and in building solid organizations with the right blend of
senior managers and developing personnel.”
Tim Barfield, President and Chief Operating Officer of Shaw,
added, “We are very pleased to have Mr. Hall as a member of our
corporate strategy team. With his broad experience in the engineering
and construction arena, he has built a tremendous network of contacts
throughout the industry and on a global scale. His expertise and
ability to recruit key players will allow us to continue as a leader
in developing innovative ideas and providing powerful solutions to all
of the markets we serve.”
Mr. Hall has extensive experience in the engineering and
construction industry. Previously, he worked for Bechtel for six years
where he directed the company’s global recruitment efforts for
senior-level engineering and construction professionals. Before
joining Bechtel, Mr. Hall worked for nearly thirty years for Stone &
Webster prior to Shaw’s acquisition of the Company in 2000. In this
role, Mr. Hall was instrumental in recruiting some of the industry’s
brightest and most respected engineering and construction personnel,
many of whom are still with Shaw Stone & Webster today.
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. Based in Baton Rouge, Louisiana, with $3.3 billion in annual
revenues, Shaw employs approximately 20,000 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 to Fortune
magazine’s annual list of “America’s Most Admired Companies” for the
second consecutive year. For further information, please visit Shaw’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 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 web site at www.shawgrp.com.
CONTACT: The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2546
SOURCE: The Shaw Group Inc.