Shawcor Ltd. announced that Gaston Tano, Senior Vice President Finance & Chief Financial Officer, has elected to step down and will depart the Company effective May 31, 2022. Shawcor also announced that Thomas R. Holloway will join the Company as Vice President & Chief Accounting Officer, commencing on or about December 1, 2021 and is expected to succeed Mr. Tano as the Senior Vice President Finance & Chief Financial Officer. In his interim role, Mr. Holloway will immediately assume responsibility for the Company's financial accounting and related reporting activities and will report to Gaston Tano, Shawcor's Senior Vice President & Chief Financial Officer. Mr. Tano will continue to actively lead Shawcor's finance function. Consistent with the Company's past executive succession practice, Mr. Tano will engage in a robust transition process with Mr. Holloway to enable a seamless transfer of responsibilities. Mr. Holloway holds a BBA in Accounting from the University of Houston and joins Shawcor following a career which started with Arthur Anderson and has included senior financial and accounting leadership roles in multiple energy focused organizations.