The Shaw Group Inc.
NYSE : SGR

The Shaw Group Inc.

September 21, 2005 09:16 ET

Shaw Announces Charles M. Hess to Head Shaw's FEMA Hurricane Recovery Program

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

The Shaw Group Inc. (NYSE: SGR) today announced that Charles M. Hess has joined Shaw as Senior Program Director within Shaw's Hurricane Katrina Recovery Task Force and will be responsible for all aspects of Shaw's recently announced FEMA Indefinite Delivery/Indefinite Quantity contract. Under the FEMA contract, Shaw is providing all support services necessary to provide temporary housing assistance for displaced residents including site assessments, design, construction, transportation, utilities and facilities management. Mr. Hess will report to Major General (U.S. Army Retired) Anders Aadland, who heads Shaw's overall Hurricane Katrina Recovery team.

Mr. Hess has extensive experience in emergency and disaster response through his distinguished career, most recently serving the Department of the Army as Director of the Projects and Contracting Office for the Iraq Relief and Reconstruction Mission, where he provided program management and leadership for over $13 billion of construction and non-construction activities. Mr. Hess' experience also includes having previously served as Director of the Operations & Response Division, Department of Homeland Security; Director, Response Division, FEMA; and Chief, Operations Division, Directorate of Civil Works, U.S. Army Corps of Engineers. Mr. Hess graduated from Rutgers College with a B.S. in Civil Engineering in 1969, and a Masters Degree in Engineering Administration from George Washington University in 1979.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "We are very pleased to have engaged someone with such a distinguished background and qualifications. Mr. Hess brings not only valued experience in emergency response and civil engineering, but battle tested leadership for the daunting task that lies ahead for our Katrina Recovery team. Under his supervision as the Director for the Iraq Relief and Reconstruction Mission, the number of projects which he oversaw grew from 200 to 2000, in just over 9 months. With Louisiana as our home, we are absolutely committed to bringing the best resources and practices to our Hurricane Katrina project team and are confident Mr. Hess will add significant value to this important mission."

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.
    Chris D. Sammons, 225-932-2500