McDermott Welcomes Shafer-Malicki to BOD

McDermott announced that Mary Shafer-Malicki has been appointed to McDermott's Board of Directors, effective February 17, 2011. Ms. Shafer-Malicki will also serve the Company on its Finance and Compensation committees.

Ms. Shafer-Malicki retired from BP in 2009 following over 25 years of service with it and its predecessor company, Amoco. During her distinguished career, Ms. Shafer-Malicki held positions of increasing responsibility, culminating in senior executive leadership positions including Senior Vice President and Chief Executive Officer of BP Angola and Director General of BP Vietnam. Her experience is diverse and global, with past responsibility for operations, strategy, commercial, safety and supply chain management, as part of her assignments in North America, Netherlands, United Kingdom, West Africa and Vietnam.

Mary Shafer-Malicki graduated from Oklahoma State University with a Bachelor of Science degree in chemical engineering and also possesses a solid financial background. In addition to working with a number of non-profit organizations, she also serves on the Board of Directors of Ausenco.

"We are pleased to welcome Mary to McDermott's Board of Directors," said Stephen M. Johnson, President & Chief Executive Officer of McDermott. "She is a true global executive with exceptional operational experience, and she will help bring the "customer's perspective" to our deliberations. I look forward to working with Mary and to her many contributions to our Board."