Michael Baker (BKR) Reports Retirement of Chairman Shaw
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Price: $55.15 -1.43%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.3%
Revenue Growth %: -5.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.3%
Revenue Growth %: -5.6%
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Michael Baker Corporation (AMEX: BKR) announced that Richard L. Shaw will retire as Chairman of the Board of Directors and as a member of the Board, effective January 31, 2013. The Board has elected Robert N. Bontempo, Ph.D., to succeed Mr. Shaw as Chairman.
Mr. Shaw became a member of Baker’s Board in 1966 and was named Chairman in 1991. He joined Baker in 1952 as assistant personnel director and progressed through a variety of leadership positions with the Company before being named president in 1973 and chief executive officer in 1984. He retired as chief executive officer in 1992, and returned to that role three times between 1993 and 2006, retiring again in 2008. He has been active in a multitude of professional and civic organizations during his time with the Company and received numerous awards for his professional and community service.
Mr. Shaw became a member of Baker’s Board in 1966 and was named Chairman in 1991. He joined Baker in 1952 as assistant personnel director and progressed through a variety of leadership positions with the Company before being named president in 1973 and chief executive officer in 1984. He retired as chief executive officer in 1992, and returned to that role three times between 1993 and 2006, retiring again in 2008. He has been active in a multitude of professional and civic organizations during his time with the Company and received numerous awards for his professional and community service.
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