McDermott appoints Chris Krummel as chief financial officer

With over 25 years’ experience, Krummel will replace Stuart Spence at the business with immediate effect

McDermott has a new chief financial officer [representational image]
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McDermott has a new chief financial officer [representational image]

American contracting giant McDermott International has named Chris Krummel as executive vice president and chief financial officer for the business.

Starting the role with immediate effect, Krummel joined McDermott in 2016 and previously served as the company's global vice president, finance and chief accounting officer.

With his career spanning over 25 years, Krummel has previously served key roles including consultant of American Industrial Partners, chief financial officer and vice president of EnTrans International, LLC and chief accounting officer, vice president and corporate controller/vice president of finance at Cameron International.

Commenting on Krummel’s appointment, McDermott’s president and CEO, David Dickson, said: “Krummel has worked closely and collaboratively with our leadership team for the past three years and has clearly demonstrated the business and financial acumen that McDermott needs.”

He added: “I'm confident in his ability to lead our finance organisation as we work to rebuild our capital structure to match and support the strength of our operating business.”

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