CB&I has announced Patrick K. Mullen has assumed the role of CB&I's President and Chief Executive Officer effective 1 July 2017, completing the previously announced transition plan.
"It is an honour to have been chosen to lead CB&I," said Mr. Mullen. "While I recognise this is a challenging cycle for our industry, I have a great deal of confidence in CB&I's employees and capabilities and in our ability to create long-term value for all of our stakeholders. To best position CB&I going forward as we maintain our relentless focus on safety and sound execution of our backlog, we will be taking decisive action in several areas:
- Strengthening our balance sheet.
- Streamlining the company's cost profile.
- Further enhancing the company's risk management and execution standards.
- Increased innovation and collaboration with our customers.
"Actions in these areas will build on CB&I's many existing strengths. We look forward to sharing more detail on these actions and CB&I's strategic direction in the coming months."
Read the article online at: https://www.hydrocarbonengineering.com/product-news/04072017/patrick-k-mullen-assumes-role-at-cbi/