UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report: February 27, 2003
McDERMOTT INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
REPUBLIC OF PANAMA 1-8430 72-0593134
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(State or other jurisdiction (Commission) (IRS Employer
of incorporation) File No.) Identification No.)
1450 Poydras Street, New Orleans, Louisiana 70112-6050
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (504) 587-5400
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Item 5. OTHER EVENTS
In a press release dated February 27, 2003, J. Ray McDermott, S.A. ("J.
Ray"), a subsidiary of McDermott International Inc. (NYSE:MDR) ("McDermott"),
announced today that Robert A. "Bob" Deason, age 57, was named president and
chief operating officer of J. Ray effective March 1, 2003. Deason, who has over
30 years of engineering and construction management experience, will report to
Bruce W. Wilkinson, chairman and chief executive officer of McDermott. Deason
comes to J. Ray after spending the most recent 18 years of his career at Fluor,
a diversified industrial company, where he held various positions including vice
president, operations for the oil and gas and chemical strategic business unit,
vice president, project management for production, pipelines and marine services
and vice president, project management for the petroleum and petrochemical
operating company.
"Bob brings to J. Ray a proven track record that includes profit and loss
responsibility for worldwide operations generating revenues of over $1.0 billion
annually. His experience in successfully managing large-scale international
engineering and construction projects and his knowledge of our customers and
their specific needs makes him the ideal choice to bring a new strategic focus
to our marine construction operations," said Wilkinson.
"Bob's demonstrated management capabilities in the global upstream
hydrocarbon industry, which includes working with offshore marine construction
projects, will allow him to immediately begin to tackle the challenges we face
at J. Ray," continued Wilkinson.
Prior to joining Fluor, Deason was executive vice president of Gulf
Interstate Engineering Company where he was responsible for the management of
pipeline projects worldwide and senior vice president, operations at PLT
Engineering where his responsibilities included management of all activities
relating to the U.S. government's strategic petroleum reserves in Louisiana and
Texas. He is a graduate of Louisiana State University with a Bachelor of Science
in Civil Engineering.
McDermott International Inc. is a leading worldwide energy services
company. The Company's subsidiaries provide engineering, fabrication,
installation, procurement, research, manufacturing, environmental systems,
project management and facilities management services to a variety of customers
in the energy industry, including the U.S. Department of Energy.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
McDERMOTT INTERNATIONAL INC.
By: /s/ Thomas A. Henzler
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Thomas A. Henzler
Vice President
and Corporate Controller
February 27, 2003