The Shaw Group Inc.
NYSE : SGR

The Shaw Group Inc.

July 19, 2005 12:03 ET

Shaw Names Jim Lamon to Head Power Group

BATON ROUGE, La.--(CCNMatthews - Jul 19, 2005) -

The Shaw Group Inc. (NYSE:SGR) today announced it has named Jim Lamon as President of Shaw's power group in the Energy and Chemicals division. Mr. Lamon has 25 years of experience in both the public and private sectors, most recently with Aker Kvaerner, a $5 billion global engineering and construction firm. He will oversee all aspects of Shaw's power group including business development and operations management and will report to Ebrahim "Abe" Fatemizadeh, President of Shaw's Energy and Chemicals division.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "We are pleased to welcome Jim to our senior management team. His broad portfolio of experience combined with Shaw's premier capabilities and strong reputation in engineering, procurement and construction project management services will be a powerful combination, particularly in terms of marketing and overall execution. Jim joins Shaw at an opportune time, as we see continued strengthening in the power industry and significant opportunities to meet the demands of the growing marketplace."

Mr. Lamon comes to Shaw after 15 years with Aker Kvaerner where he served in a variety of management roles. Most recently, Mr. Lamon served as President of Aker Kvaerner's North American Power division where he was a member of its Executive Management Board and was responsible for all North American operations, including marketing, sales, business development, finance, technology, human resources, engineering, procurement and construction. In this position, Mr. Lamon directed many successful business initiatives that resulted in dramatic improvement in health and safety statistics, sustained growth in the division's revenues, continued professional development of the group's personnel, and enhanced internal and external execution.

Mr. Fatemizadeh said, "Jim's impressive background in the power industry from sales and marketing to engineering, procurement and construction management experience will be a valuable asset to Shaw and will reinforce our ability to capture and successfully execute major power projects domestically and on the international front. We are very pleased to have someone of Jim's professional caliber to round out our leadership team."

Mr. Lamon's extensive career also includes business development and operations positions with Clark-Kenith, Inc., as well as several years of experience with the United States Army Corps of Engineers, where he held a broad range of responsibilities including engineering, operations, and government relations.

Mr. Lamon holds a Bachelor of Science in Civil Engineering from the University of Alabama where he played football under the guidance of renowned coach, Paul "Bear" Bryant. He is an active member of several professional and civic associations.

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. With over $3 billion in revenues, Shaw is headquartered in Baton Rouge, Louisiana, and employs approximately 18,000 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 for the second consecutive year to Fortune magazine's annual list of "America's Most Admired Companies." For further information, please visit Shaw's website at www.shawgrp.com.

Forward-Looking Statements - 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 website 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 website at www.shawgrp.com.

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Contact Information

  • The Shaw Group Inc., Baton Rouge
    Chris D. Sammons, 225-932-2546