USA: GLDD Appoints New Senior Vice 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 and remediation services, today announced that William S. (Bill) Steckel has been appointed Senior Vice President and Chief Financial Officer effective Monday August 20, 2012.

Mr. Steckel brings nearly 30 years of financial and operating management experience in public and private companies. Bruce Biemeck, who has served as President and CFO since September 2010, will remain as President and Chief Operating Officer of the Company.

Mr. Steckel will report to Chief Executive Officer Jonathan Berger.

Bill will be a great addition to our executive team,” Berger said. “His experience in senior financial roles will help us execute on the Company’s strategic plan. Bruce Biemeck has worked diligently over the last two years as President and CFO. As the Company continues to grow and expand, Bruce and I both felt it was time to hire a dedicated CFO, allowing Bruce to focus on his position as President and COO. As we continue to execute on our plan of growth and diversification, we need to add depth and broaden the experience base of our executive leadership team. Bruce will work closely with Bill to transition his CFO duties, as well as working with him going forward to execute on company initiatives. I want to thank Bruce for working tirelessly over the last two years in two demanding roles, guiding the Company through our Rivers & Lakes acquisition, demolition turnaround, debt refinancings, a new surety agreement and the day to day operational and financial duties.”

Bruce Biemeck added, “This move is intended to broaden Great Lakes’ executive and financial management teams, as the Company increases its reach into new markets and works to achieve the growth and diversification targets established in our strategic plan. As we have grown and challenged our management teams, it has become clear we need to add demonstrated leadership and we are very pleased Bill is joining our team. I welcome Bill and look forward to working with him on the challenges ahead.”

Mr. Steckel’s background includes success in increasingly responsible financial positions, where he dealt with the full spectrum of financial and operating responsibilities including SEC reporting, financial planning, restructuring, taxes, IT, acquisitions, international operations, capital formation and strategic planning. Prior to joining Great Lakes, Mr. Steckel served as an advisor to a variety of companies, serving as both interim CFO and COO. Following early professional financial positions at Deere & Company and Sheller-Globe Automotive, Mr. Steckel spent the majority of his career with Invensys Lambda Power and Climate Controls and at CTS Corporation, serving as Controller, General Manager, Vice President of Finance and President. His career also includes roles as CFO of Norwood and CEO, President and Director of Daystar Technologies, Inc.

Mr. Steckel earned his Bachelor of Science in Accounting and Industrial Management from Iowa State University, and his M.B.A. from Western Illinois University. He is a Certified Public Accountant.

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Dredging Today Staff, August 17, 2012

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