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Published June 9, 2021
Dive Brief:
David Dickson, CEO of Houston-based energy contractor McDermott since 2013, has resigned. In an announcement on Monday, the company did not give a reason for the leadership change.
Dickson led the company through a Chapter 11 bankruptcy last year that allowed it to shed $4.6 billion of debt and emerge with more than $2.9 billion in credit and loans.
Lee McIntire, an independent director on the McDermott board since last July, has been named interim CEO.
Dive Insight:
With more than 35 years in construction engineering and executive experience, McIntire most recently served as CEO of Terrapower, a nuclear reactor design company founded by Microsoft head Bill Gates.