Great Lakes Dredge & Dock is based in Houston and primarily provides dredging services throughout the United States. Better times ahead? An analysis follows below. The shares did see some insider buying in August, the first for 2022 to date. Despite this, the stock is down some 40% over the past year. Great Lakes Dredge & Dock Corporation ( NASDAQ: GLDD ) should be a beneficiary of the large amount of funding the government has approved for infrastructure under the current administration. We tee up North America's largest dredging concern in today's analysis. Everything worth fighting for unbalances your life."― Alain de Botton There is no such thing as work-life balance. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.Akarawut Lohacharoenvanich/iStock via Getty Images The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. dredging industry, comprised of approximately 200 specialized vessels. Great Lakes owns and operates the largest and most diverse fleet in the U.S. In its over 132-year history, the Company has never failed to complete a marine project. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. The Company has a long history of performing significant international projects. In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry. Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States. We welcome Dave and Chris as important members of our executive team, and are pleased that they represent the next generation of Great Lakes leaders.”īoth Mr. Each of them brings his own specialized expertise to the Company as we grow and take on new and more challenging projects. Lasse Petterson, President and Chief Executive Officer commented, “Dave and Chris have been invaluable members of the Great Lakes team, which is evidenced today by their new appointments. He received his Bachelor of Science in Civil Engineering from Rutgers University. Gunsten served as the Company’s Deputy Project Manager for Chevron’s Wheatstone LNG Project’s Engineering, Procurement and Construction dredging subcontract in Onslow, WA, Australia, valued at $1.2 billion AUD, as Project Manager executing a series of capital projects for the USACE New York District’s 45- and 50-Foot Harbor Deepening Programs, and as Operations Manager for GLDD’s Øresund Fixed Link Project in Copenhagen, Denmark. He began his career with the Company as a Field Engineer in 1992. Previously he served as Vice President, International Operations, with responsibility for acquiring projects, providing estimation data, and leading field supervision of work in progress. Gunsten has been the Company’s Senior Vice President, Project Services, since October 2021. He is a current board member of the Western Dredging Association Eastern Branch and is a member of American Society of Civil Engineers. He earned a Bachelor of Science in Ocean Engineering from Virginia Polytechnic Institute & State University and an MBA – finance specialization from the University of South Carolina. He joined the company in 1994 as a field engineer and has held positions of increasing responsibility in project management. He has previously served as Vice President and Hydraulic Division Manager, and served as Vice President, Project Director of Charleston Deepening Projects, which included the largest dredging contract ever awarded by the U.S. Johanson was the Senior Vice President, Gulf Region, for the Company. Simonelli will oversee the transition and continue to serve the Company as a consultant following his retirement. Simonelli, who is retiring on September 16, 2022. These two positions will fill the roles currently held by the Company’s Chief Operating Officer, David E. to the position of SVP, Project Services & Fleet Engineering. HOUSTON, J(GLOBE NEWSWIRE) - Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ:GLDD), the largest provider of dredging services in the United States, today announced the appointments, effective August 1, 2022, of David Johanson to the position of SVP, Project Acquisition & Operations, and of Christopher G.
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