Willbros Selects New CFO

Willbros Group, Inc. announced Thursday that it has completed a search for a new chief financial officer, who has been approved by the board of directors.

The company said that it will introduce the new CFO in the immediate future. He will fill the position vacated by Warren Williams, senior vice president and CFO, who has departed the company effective August 9, 2006, to pursue other professional and personal interests. The company anticipates that Williams will provide consulting services to Willbros until the end of 2006 to help ensure a smooth transition.

The new CFO previously held senior finance and accounting positions at a major international engineering and construction company, most recently as vice president of finance. He has more than 25 years' experience in the engineering and construction industry. All finance and accounting functions will continue to report to the office of the CFO.

"We would like to wish Warren the best in his future endeavors, and thank him for his contributions over the six years he has been with the firm," commented Mike Curran, Willbros' chairman and CEO.

Willbros Group, Inc. is an independent contractor serving the oil, gas, and power industries, providing engineering and construction and facilities development and operations services to industry and government entities worldwide.

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