The Shaw Group Inc.
NYSE : SGR

The Shaw Group Inc.

September 21, 2005 08:51 ET

Shaw Announces Change in Leadership of Environmental and Infrastructure Unit

BATON ROUGE, La.--(CCNMatthews - Sep 21, 2005) -

The Shaw Group Inc. (NYSE:SGR) today announced that Diana Severs Ferguson, President of Shaw's Environmental and Infrastructure Division, has resigned her position as President effective September 19, 2005. Ms. Severs Ferguson will remain with the Company until December 31, 2005 to assist with the transition of her responsibilities. Effective immediately, Tim Barfield, President and Chief Operating Officer of Shaw, will also serve as President of the Environmental and Infrastructure Division, until a successor is named.

Mr. Barfield said, "We appreciate the significant contributions Ms. Severs Ferguson has made to our E&I business and to Shaw overall. We wish her well in the future. We are pleased to have a strong team in place to effectively manage this dynamic division. Based in Baton Rouge, Louisiana, Shaw's E&I division is heavily engaged in Hurricane Katrina recovery projects as well as its already significant ongoing business activities."

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Based in Baton Rouge, Louisiana, with over $3 billion in annual revenues, Shaw employs approximately 20,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. The Company was recently named to Fortune magazine's annual list of "America's Most Admired Companies" for the second consecutive year. For further information, please visit Shaw's website at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans," or other similar expressions) and statements related to revenues, earnings, backlog, or other financial information or results are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company's web-site under the heading "Forward-Looking Statements". These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis visit our web site at www.shawgrp.com.

Contact Information

  • The Shaw Group Inc., Baton Rouge
    Chris D. Sammons, 225-932-2500