CB&I has appointed Michael S. Taff as Executive Vice President and Chief Financial Officer, effective 1 April 2015. Taff will succeed Ronald A. Ballschmiede, who is retiring.
Taff has more than 30 years of financial and global industry experience. He joins CB&I from Flowserve Corporation where he served as Senior Vice President and Chief Financial Officer. He previously served as Senior Vice President and Chief Financial Officer for McDermott International Inc., and also for The Babcock and Wilcox Company. Taff has also held finance leadership roles at HMT, Inc., Philip Services Corporation and British Petroleum Oil Company.
"Mike has extensive experience leading corporate financial organisations. His breadth of knowledge, particularly within our industry, makes him an ideal addition to CB&I's executive management team, and we are confident he will help the company continue to drive shareholder value," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "I thank Ron for his service to CB&I and wish him the best in the future."
Westley S. Stockton, Vice President, Controller and Chief Accounting Officer, will assume interim responsibility for the company's operational finance functions until April. Stockton joined CB&I in 2002 and has served in his current role since August 2008. Prior to his current role, he held various positions of increasing responsibility within the company's finance organisation.
Adapted from press release by Rosalie Starling
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