HOUSTON/THE WOODLANDS, US: McDermott International Inc (MDR) and Chicago Bridge & Iron Company NV (CBI) announced the selection of the executive leadership team and integrated organizational structure of the combined company.
The transaction is currently expected to close in the second quarter of 2018.
Upon the close of the transaction, the combined company’s operations will be organized by four areas – North, Central & South America (NCSA), Europe, Africa, Russia & Caspian (EARC), Middle East & North Africa (MENA) and Asia Pacific (APAC) – to encourage collaboration, drive excellence in execution and promote robust growth.
CB&I’s industry-leading technology business will remain a tier-one market facing offering. The areas and technology divisions will be supported by centralized commercial and project delivery organizations. The integration of commercial, including the centralization of the company’s bidding functions, will improve customer interactions, allocation of resources, consistency of approach and risk management of new contracts.
The centralization of project delivery, including project management & controls, engineering, supply chain, marine, fabrication, construction, and quality, health, safety, environment & security (QHSES), will also significantly enhance project delivery performance.
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