Great Lakes Dredge & Dock Corporation (GLDD) announced yesterday that the Board of Directors accelerated the date of retirement of CEO, Jonathan W. Berger, to January 3, 2017.
As previously announced, Mr. Berger had been expected to retire no later than April 17, 2017.
His retirement follows the December 27, 2016 announcement of the appointment of Lasse Petterson as CEO, effective on the completion of the U.S. citizenship process, which is anticipated during the first quarter of 2017.
During this interim period, Mark Marinko, who has served as Great Lakes’ Chief Financial Officer since 2014, will also serve as Interim CEO. Mr. Marinko is expected to continue in the CFO role when Mr. Petterson assumes the CEO role.
The company also announced that Mr. Uhler has been appointed Chairman of the Board, effective immediately. Mr. Uhler is assuming the role from Major General (Ret.) Michael J. Walsh who requested to step down as Chairman in order to accommodate his other professional time commitments.