London, July 17, 2025 , (Oilandgaspress) –––McDermott International, Ltd today announced the appointments of Michael Martino, co-founder and principal of Mason Capital Management, LLC (Mason), and Farhad Nanji, co-founder of MFN Partners, LP, to the company’s Board of Directors effective August 15, 2025.
The company also announced the appointment of Michael McKelvy, President and CEO of McDermott, as Chair of the Board, and Neil Bruce as Lead Independent Director.
“We are excited about this development,” said Mr. McKelvy. “As long-term investors, Michael and Farhad know our business, strengths, and vision well. It is a great sign of confidence for them to join our Board, and I look forward to working together to deliver our strategy.”
Mr. Martino commented, “As an investor, I have seen firsthand the strength of McDermott’s leadership, operational strategy, and long-term vision for the company. I am eager to take a more active role in its successful future.”
“With current management and Michael’s leadership, McDermott has started a new chapter,” said Mr. Nanji. “I look forward to working with the Board and management to create value for McDermott stakeholders.”
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