On May 10, 2018, McDermott and CB&I completed the Combination pursuant to the terms of the Business Combination Agreement. Following the acceptance of shares of CB&I Common Stock tendered in the Exchange Offer, on May 10, 2018, McDermott and McDermott Bidco consummated the Core Transactions of the Combination pursuant to the terms of the Business Combination Agreement. In accordance with the director selection process provided for in the Business Combination Agreement, on May 10, 2018, Messrs. Stephen G. Hanks, Erich Kaeser and David Trice each submitted their resignations from the Board of Directors of McDermott (the “Board”), effective as of the closing of the Combination. As previously announced, David Dickson is President and CEO of McDermott and Gary P. Luquette will continue as Non-Executive Chairman of the Board of Directors. The Board of Directors includes: Forbes I. J. Alexander, Philippe Barril, John F. Bookout, III, David Dickson, President and Chief Executive Officer, Director, L. Richard Flury, W. Craig Kissel, Gary Luquette, Non-Executive Chairman of the Board, James H. Miller, William H. Schumann, III, Mary L. Shafer-Malicki, Marsha C. Williams. Effective upon the consummation of the Combination on May 10, 2018, the directors identified below were designated and appointed to the Audit Committee, the Compensation Committee, and the Governance Committee, respectively, of the Board: Audit Committee: William H. Schumann, III (Chair), Forbes I.J. Alexander and Philippe Barril, Marsha C. Williams; Compensation Committee: W. Craig Kissel (Chair), L. Richard Flury, Gary P. Luquette and Mary L. Shafer-Malicki; Governance Committee: L. Richard Flury (Chair), John F. Bookout, III, James H. Miller and Mary L. Shafer-Malicki. Effective upon the consummation of the Combination on May 10, 2018, the Board appointed the following additional executive officers of McDermott: Daniel McCarthy (Executive Vice President, Lummus Technology), Stephen L. Allen (Senior Vice President, Chief Human Resources Officer), Richard Heo (Senior Vice President, North, Central & South America) and Tareq Kawash (Senior Vice President, Europe, Africa, Russia & Caspian).