McDermott International Ltd. emerges with a newly constituted Board of Directors, which has assumed its responsibilities, effective immediately. The Board members are: David Dickson:Mr. Dickson is President and Chief Executive Officer for McDermott International Ltd., a position he has held since December 2013. Prior to McDermott, he spent 11 years with Technip S.A. and its subsidiaries, including as President of Technip USA Inc., with oversight responsibilities for all of Technip's North America Operations. He has nearly 30 years of experience in the offshore oilfield engineering and construction industry holding various management positions in market development, project management, engineering and construction. Nils Larsen: Mr. Larsen, who will serve as Lead Director, is a Senior Operating Adviser working with The Carlyle Group's U.S. Equity Opportunities Fund. Prior to partnering with The Carlyle Group, he served in a variety of senior executive positions with Tribune Company, including the President and Chief Executive Officer of Tribune Broadcasting and as Co-President of Tribune Company. Mr. Larsen has significant governance experience in post-bankrupt entities and also serves on the Board of Directors of Vantage Drilling and is the chairman of the Audit Committee. Craig Broderick: Mr. Broderick is a Senior Director of Goldman Sachs, and most recently served as the firm's Chief Risk Officer, a member of its Management Committee and chair or co-chair of Goldman's most senior risk committees. In this role. Mr. Broderick was head of the firm's 1,000+ person Risk Division and was responsible for managing the firm's credit, market, operational, model and liquidity risks. Barbara Duganier: Ms. Duganier is a board member for MRC Global, Noble Energy and West Monroe Partners and formerly a board member of Buckeye Partners, L.P. and HCC Insurance Holdings. Alan Hirshberg: Mr. Hirshberg is a director at Falcon Minerals Corporation and most recently served as Executive Vice President, Production, Drilling & Projects at ConocoPhillips, until he retired in 2019. In this role, he was responsible for the company's worldwide operations, as well as supply chain, aviation, marine, major projects and engineering functions. Paul Soldatos:Mr. Soldatos is a board member and senior advisor in the industrial, service and consumer/retail sectors. Currently, he is a non-executive director of Steenbok Newco 3 Limited (a holding company of Steinhoff Europe AG), Stripes Holding Inc., (Mattress Firm) and Pepco Group Limited.