USA: Great Lakes Announces Departure of Demolition President
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, announced that Mr. Christopher Berardi resigned his employment with Great Lakes’ demolition segment, effective April 29, 2011.
Mr. Berardi owns a 35% Class B membership interest in NASDI, LLC (NASDI), Great Lakes’ primary demolition segment subsidiary. Upon receipt of Mr. Berardi’s resignation, Great Lakes exercised its option to call Mr. Berardi’s NASDI membership interest for a nominal exercise price. As a result, Great Lakes will own 100% of NASDI, LLC.
Stephen E. Pegg, Senior Vice President of Corporate Development at Great Lakes, is currently responsible for operations at NASDI and is leading the effort to better integrate NASDI and Great Lakes.
Jonathan W. Berger, CEO of Great Lakes stated: “NASDI has a strong operating team, now led by Steve Pegg. We look forward to working more closely with NASDI leadership to continue to expand NASDI’s footprint.”
Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations. The Company is also one of the largest U.S. providers of commercial and industrial demolition services primarily in the Northeast. Additionally, the Company owns a 50% interest in a marine sand mining operation in New Jersey which supplies sand and aggregate used for road and building construction.
Great Lakes employs over 150 degreed engineers, most specializing in civil and mechanical engineering, which contributes to its 121-year history of never failing to complete a marine project.
Great Lakes has a disciplined training program for engineers which ensures experienced-based performance as they advance through Company operations. Great Lakes also owns the largest and most diverse fleet in the U.S. industry, comprised of over 180 specialized vessels.
Source: Great Lakes Dredge & Dock Corporation, April 14, 2011;