Graphia to retire from Shaw in May 2013

Gary Graphia, executive vice president of The Shaw Group, has announced he is retiring May 1, the company says. Major news outlets are also reporting today that Shaw has agreed to sell to the Chicago Bridge & Iron Co. for a little more than $3 billion. During Graphia’s tenure, Shaw completed three major acquisitions, including Stone & Webster in 2000, IT Group in 2002, and the company’s investment in Westinghouse in 2006. Graphia expects to enter into a short-term consulting agreement with Shaw. Graphia joined Shaw in August 1999 as chief legal officer and corporate secretary. He later served as executive vice president of Corporate Development and Strategy and as Shaw’s chief operating officer. Most recently, Graphia had been responsible for strategic initiatives including corporate development, mergers and acquisitions, and client relations. Shaw is a Fortune 500 company with fiscal year 2011 annual revenue of $5.9 billion and has approximately 27,000 employees around the world as a power sector industry leader.