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Todd Pacific Shipyards Corporation Announces Election of CEO to Chairman of Shipbuilders Council of America
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Via Facsimile
Total Pages - 1
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Contact: Hilary Pickerel
Shareholder Relations
206-623-1635 Ext. 106
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SEATTLE, WASHINGTON...May 21, 2007...Todd Pacific Shipyards Corporation
("Todd Pacific"), a wholly owned subsidiary of Todd Shipyards Corporation (NYSE:TOD),
announced today that its Chief Executive Officer, Stephen G. Welch, was elected
Chairman of Shipbuilders Council of America ("SCA"). SCA is the largest and
most broadly-based national trade association representing the U.S. shipyard
industry. SCA members build, repair and service America's fleet of commercial vessels.
SCA members constitute the shipyard industrial base that maintains and repairs
Navy combatant ships and other government craft, as well as builds small and
midsized vessels for the U.S. Coast Guard, U.S. Navy and other government agencies.
The Council represents 36 companies that own and operate over 100 shipyards, with
facilities on all three U.S. coasts, the Great Lakes, the inland waterways system
and Hawaii. SCA also represents 25 affiliate members that provide goods and services
to the shipyard industry. Mr. Welch succeeds Donald T. "Boysie" Bollinger, Chief
Executive Officer of Bollinger Shipyards, Inc., who completed his tenure as Chairman.
Previously, Mr. Welch served as the Vice-Chair of the council. The elections
occurred during the Council's annual Spring Meeting in Washington, DC.
Todd Pacific performs a substantial amount of repair and maintenance work on
commercial and federal government vessels engaged in various seagoing trade
activities in the Pacific Northwest and provides new construction and industrial
fabrication services for a wide variety of customers. Its customers include
the U.S. Navy, the U.S. Coast Guard, Military Sealift Command, MARAD, NOAA,
the Washington State Ferry system, the Alaska Marine Highway System, and
various other commercial and governmental customers. Todd Shipyards Corporation
has operated a shipyard in Seattle since 1916.
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