Great Lakes Appoints New CEO

The Board of Directors of Great Lakes Dredge & Dock Corporation (GLDD) has just announced the selection of Lasse Petterson as CEO and his appointment to the company’s board.

Chairman of the Board Michael J. Walsh said: “After a thorough and comprehensive search process, I am confident that the Board identified the right candidate to lead this company. With a wealth of experience in the engineering, construction and maritime industries, as well as extensive executive management and operational skills, we believe Lasse is ideally suited for this position and will enhance value for shareholders.”

Mr. Petterson will join the board immediately and assume the role of Chief Executive Officer once his application for U.S. citizenship, as required by the Jones Act, is finalized, which GLDD expects to occur in Q1 2017. During this time, Lasse and current CEO Jonathan Berger will be working closely to ensure a seamless transition.

Mr. Petterson’s 35-year career and extensive experience in the engineering, construction and maritime industries will be valuable to Great Lakes.

Over the tenure of his career, he gained considerable international experience while working and living in Norway, Asia and the United Kingdom to oversee operations and major projects in Australia, Middle East and South America.

Most recently, Mr. Petterson served as a private consultant to clients in the Oil & Gas sector and as Chief Operating Officer (COO) and Executive Vice President at Chicago Bridge and Iron (CB&I) from 2009 to 2013.

Prior to CB&I, Mr. Petterson was CEO of Gearbulk, Ltd., a privately held company that owns and operates one of the largest fleets of gantry craned open hatch bulk vessels in the world.

Mr. Petterson holds both master’s and bachelor’s degrees from the Norwegian University of Technology.