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CB&I appoints Chief Financial Officer

LNG Industry,

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. He has over 30 years of financial and global industry experience. Taff joins CB&I from Flowserve Corp., where he serves as Senior Vice President and Chief Financial Officer.

Commenting on the appointment, Philip K. Asherman, President and CEO, said: "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. 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.

Adapted from press release by Katie Woodward

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