Industry News

ShawCor Ltd. Announces The Passing Of Its Chairman Leslie E. Shaw

Published on 2007-01-19. Author : SpecialChem

SHAWCOR LTD. (TSX: SCL.A, SCL.B) announced with deep regret that the company's Chairman, Leslie E. Shaw, passed away peacefully in his sleep last night at his residence in Barbados.

Mr. Shaw joined the Shaw family group of companies in 1950 and was employed by them throughout his business career. Mr. Shaw was appointed President and CEO of the Company in 1968 and led it through its initial public offering in Canada in 1969. Mr. Shaw was appointed as a Director of the Company in 1969 and became Chairman and CEO in 1985. In 1994, Mr. Shaw relinquished his executive position as CEO while continuing as Chairman where he was instrumental in building ShawCor to its current leadership position as a global energy services company.

For many years, control of the Shaw family's interest in the Company has been held by Virginia L. Shaw, who currently serves as the Vice Chair of ShawCor.

While Les Shaw's guidance, inspiration and vision will be greatly missed by all who knew him; the Company, its Board of Directors, the management team and all ShawCor employees remain committed to the continuation of Les Shaw's goal of building a successful, Canadian-based, world class energy services company.

Source: ShawCor Ltd.

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