Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD) recently announced the election of Dana Armstrong to its Board of Directors, effective January 5, 2025. This increases the number of Board members to seven. Armstrong has been serving as the Executive Vice President and Chief Financial Officer of Excelerate Energy, Inc. (NYSE:EE) since 2020 and has previously held financial positions at Scientific Drilling International and Ion Geophysical Corporation.
Great Lakes is the largest provider of dredging services in the United States and is actively expanding into the offshore wind energy industry. The Company has a long history of international projects and employs experienced engineering staff. Great Lakes owns and operates approximately 200 specialized vessels and has a disciplined training program for its engineers. The Company's Incident-and Injury-Free® (IIF®) safety management program is integrated into its culture.
In terms of financial performance, the Company's revenue and earnings have seen significant changes since the last reporting period. In addition, the Company's stock price has also experienced fluctuations in the same period.
Furthermore, the Company has successfully completed marine projects throughout its over 134-year history, highlighting its commitment to project completion.
The addition of Armstrong, with her extensive financial expertise, to the Board of Directors reflects the Company's commitment to Board refreshment and depth of knowledge.
Today the company's shares have moved 0.0% to a price of $11.37. If you want to know more, read the company's complete 8-K report here.
