HOUSTON - Orion Group Holdings, Inc. (NYSE: NYSE:ORN), a specialty construction company, announced today that Richard L. Daerr, Jr. will retire from the Board of Directors at the upcoming Annual General Meeting of Stockholders on May 16, 2024. Daerr has been an independent member of the Company's Board since 2007, served as Chairman from 2007 to 2020, and was the Lead Independent Director from 2022 to 2023.
Following Daerr's retirement, the Board will reduce its size from eight to seven directors, six of whom will remain independent. Austin Shanfelter, the current Chairman of the Board, expressed gratitude for Daerr's service, particularly highlighting his role in Orion's transition to a public company and his leadership during the company's executive transition.
Daerr reflected on his tenure, stating his pride in the company's transformation and expressing confidence in Orion's future and the strength of its Board.
Orion Group Holdings operates in the infrastructure, industrial, and building sectors, providing marine construction and dredging services, as well as turnkey concrete construction services. The company serves a diverse range of areas including the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.