McDermott (MDR) CEO Stephen Johnson will retire in December and be replaced by David Dickson, who has been President of Technip USA (TKPPY.PK) since 2008. He has 23 years of offshore oilfield engineering and construction experience.
Dickson will join McDermott International at the end of the month. Until he becomes CEO, he will be COO, replacing the retiring John McCormack.
Former Chevron executive Gary Luquette is joining McDermott's board. (PR)