SOURCE: Willbros Group, Inc.

Willbros Group, Inc.

February 01, 2010 16:45 ET

Retired Rear Admiral Joins Willbros Group to Head Government Services

Richard E. Cellon Leads Company's Focus to Expand Sector Offerings

HOUSTON, TX--(Marketwire - February 1, 2010) - Willbros Group, Inc. (NYSE: WG) announced today the appointment of Richard E. Cellon as President, Government Services.

Cellon brings to Willbros more than 30 years of U.S. government leadership experience in facilities management, construction and procurement, as well as contingency operations. He retired from the U.S. Navy as a Rear Admiral in October 2009.

"Rich's knowledge and experience with the U.S. government adds to our value proposition as we progress our strategic objective to grow our Government Services business unit," said Randy Harl, President and CEO. With all our customers, we strive to understand their specific needs so that we can identify new opportunities for Willbros to deliver services and products that align with their expectations."

According to Cellon, there is opportunity for Willbros to provide a broad range of services for various government departments that outsource projects.

"The government sector is similar to other industry sectors in that it values a quality job that meets expectations and is completed on time," said Cellon. "Willbros commitment to these values is one of the key reasons I joined the company and I foresee many opportunities in this sector."

Cellon's vision is to optimize Willbros Government Services' current industry-leading position in storage tanks and fuels related services, and to expand the array of services Willbros provides to the government sector, to include general construction and operations and maintenance. "We already provide a whole range of services to other sectors, and those skill sets are transferable to the government sector. In addition to organic growth, we will evaluate acquisition opportunities that complement the breadth of services we currently deliver," said Cellon.

Cellon is a graduate of the U.S. Naval Academy, and holds Master's degrees in Civil Engineering, from the University of Florida, and in National Security and Strategic Studies from the Naval War College. He is a registered Professional Engineer in Virginia and California.

Willbros Group, Inc. is an independent contractor serving the oil, gas, power, refining and petrochemical industries, providing engineering, construction, turnaround, maintenance, life cycle extension services and facilities development and operations services to industry and government entities worldwide. For more information on Willbros, please visit our web site at www.willbros.com.

This announcement contains forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments the Company expects or anticipates will or may occur in the future, are forward-looking statements. A number of risks and uncertainties could cause actual results to differ materially from these statements, including the potential for investigations; additional disruptions to the global credit markets; the current global recession; fines and penalties by government agencies; the identification of one or more other issues that require restatement of one or more prior period financial statements; the existence of material weaknesses in internal controls over financial reporting; availability of quality management; availability and terms of capital; changes in, or the failure to comply with, government regulations; ability to introduce new services to the markets served; ability to remain in compliance with, or obtain waivers under, the Company's loan agreements and indentures; the promulgation, application, and interpretation of environmental laws and regulations; future E&P capital expenditures; oil, gas, gas liquids, and power prices and demand, the amount and location of planned pipelines, the refinery crack spread and planned refinery outages and upgrades, the effective tax rate of the different countries where the work is being conducted, development trends of the oil, gas, power, refining and petrochemical industries; changes in the political and economic environment of the countries in which the Company has operations, as well as other risk factors described from time to time in the Company's documents and reports filed with the SEC. The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • CONTACT:

    Michael W. Collier
    Vice President Investor Relations
    Sales & Marketing
    Willbros
    713-403-8038

    Connie Dever
    Director Strategic Planning
    Willbros
    713-403-8035