Technip executive to succeed retiring McDermott CEO

Houston-based McDermott International announced Thursday night that Stephen Johnson will retire as chairman, president and CEO in December.

David Dickson will join McDermott from Technip, succeeding Johnson as president and CEO. Until December, Dickson will serve as executive vice president and chief operating officer of McDermott.

McDermott began searching for Johnson’s successor after he said he wanted to retire by year’s end, the company said.

“I am very pleased to turn over executive leadership of McDermott to such a highly qualified and experienced leader as David,” Johnson said in a statement. “I am confident that, with his depth of experience and breadth of knowledge relating to conventional offshore marine construction projects and subsea projects, David is the right person to lead the McDermott team in its business strategy.”

McDermott, an engineering, procurement, construction and installation company, is focused on offshore oil and gas projects worldwide. It operates in 20 countries across the Atlantic, Middle East and Asia Pacific and has 14,000 employees along with a fleet of marine vessels, fabrication facilities and engineering offices.

Dickson, 45, has about 23 years of offshore oilfield engineering and construction business experience, including 11 years of experience with Technip S.A. and its subsidiaries.

Since September 2008, he has served as president of Technip USA, with oversight responsibilities for all of Technip’s North American operations.