Shaw (NYSE:SGR)
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The Shaw Group Inc. (NYSE: SGR) today announced Gary P. Graphia,
currently executive vice president of Corporate Development and
Strategy, has been named executive vice president and chief operating
officer of The Shaw Group Inc. In this new role, Mr. Graphia will
oversee the operating segments of the company and continue to report to
J.M. Bernhard Jr., Shaw’s chairman, president and chief executive
officer.
“Gary has played a key role in Shaw’s growth and success during his
10-year tenure. He consistently has demonstrated his ability to execute
the company’s strategy, manage effectively and deliver strong operating
performance,” stated Mr. Bernhard. “Not only has Gary been instrumental
in helping shape the company’s vision, but he also has earned the
respect of Shaw’s board of directors, management and employees. I look
forward to working closely with Gary as we continue to expand our
businesses and execute our record backlog of work.”
Mr. Graphia joined Shaw in August 1999 as corporate secretary and
general counsel. In April 2007, Mr. Graphia was named executive vice
president of Corporate Development and Strategy with responsibility for
Mergers and Acquisitions, Shaw Capital, Strategic Markets, Risk
Management, Safety, Quality Assurance/Quality Control, Corporate
Communications, and Sales and Marketing.
Previously, he served as executive vice president, chief legal officer
and corporate secretary. Since joining the company, Shaw has completed
three major acquisitions -- including Stone & Webster in 2000; IT Group
in 2002; and most recently, a 20 percent equity interest in Westinghouse
Electric Company in October 2006; as well as, numerous smaller
transactions, including acquisitions, divestitures and joint ventures.
In addition, the company has completed seven public capital markets
transactions totaling more than $2.7 billion dollars.
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,
chemicals, environmental, infrastructure and emergency response markets.
A Fortune 500 company with fiscal year 2008 annual revenues of $7
billion, Shaw is headquartered in Baton Rouge, La., and employs
approximately 26,000 people at its offices and operations in North
America, South America, Europe, the Middle East and the Asia-Pacific
region. Shaw is the power sector industry leader according to
Engineering News-Record's list of Top 500 Design Firms. For further
information, please visit Shaw's Web site 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.