Dominion Bridge Corporation Announces Appointment.MONTREAL--(BUSINESS WIRE)--July 20, 1998-- Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Bridge(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DBCO) (VSE See DOS/VSE. VSE - Virtual Storage Extended :DMO DMO Debt Management Office (Bank of England) DMO Destination Marketing Organization DMO Defence Materiel Organisation (Australia) DMO Dental Maintenance Organization DMO Distributed Mission Operations .U.) Dominion Bridge Corporation (NASDAQ/NMS:DBCO; VSE:DMO.U) ("DBCO") announced today that Mr. Besim Halef has been appointed President and Chief Executive Officer of its wholly-owned subsidiary, Davie Industries Inc. Mr. Halef has taken full day-to-day control over the operations of the yard. He comes to Davie with over 20 years' experience in the offshore oil and gas construction industry, most recently from MM Industra Ltd. of Halifax Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography . Mr. Halef also announced the commencement of a Cdn. $7 million modification of the Trump Ship Iroquois. Mr. Halef said "We are proud of all of the new work we have been able to secure since taking over management of Davie Industries. Together with American Eco, we have accumulated ac·cu·mu·late v. ac·cu·mu·lat·ed, ac·cu·mu·lat·ing, ac·cu·mu·lates v.tr. To gather or pile up; amass. See Synonyms at gather. v.intr. To mount up; increase. backlog of over $250 million. We are in the process of completely turning around Davie Industries in order to ensure our participation in the robust market for offshore oil and gas construction."Mr. Halef also said "We are examining all strategic alternatives in order to maximize value for Davie Industries and the shareholders of Dominion Bridge Corporation." Dominion Bridge, established in 1879, is active in the international engineering and infrastructure markets. Dominion Bridge Corporation's subsidiaries are Dominion Bridge, Inc., Steen Becker, Inc., Davie Industries and McConnell Dowell Corporation of Australia.
CONTACT: Allen S. Gerrard, 312/726-4070
or
Besim Haelf, 418/837-5841 (Ext. 3700)
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