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Patrick K. Mullen assumes role as President and CEO of CB&I

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LNG Industry,

CB&I has announced that Patrick K. Mullen has assumed the role of President and Chief Executive Officer, completing the previously announced transition plan.

Mullen said: “It is an honour to have been chosen to lead CB&I. 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."

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