Todd Shipyards Corporation Announces Retirement of Its Chief Financial Officer Scott H. Wiscomb and Appointment of Berger A. Dodge as Its New Chief Financial Officer.SEATTLE -- Todd Shipyards Corporation ("Todd" or the "Company") (NYSE NYSE See: New York Stock Exchange :TOD) announced today that its Chief Financial Officer, Scott H. Wiscomb, is retiring from full time employment with the Company effective June 30, 2006. Mr. Wiscomb has served in his capacity of Treasurer and Chief Financial Officer since joining the Company in 1997. Prior to his service at Todd, Mr. Wiscomb served in a number of different financial capacities with Atlantic Richfield Company ("ARCO") for 22 years culminating in his position as Vice President of Finance and Administration of ARCO's Australian coal operations. Mr. Wiscomb, age 60, will continue to work with Todd on a project consulting basis. Todd's Board of Directors has elected Berger A. Dodge as the Company's new Treasurer and Chief Financial Officer effective June 30, 2006. Mr. Dodge, age 37, has been with the Company since 2003 serving most recently as its Manager of Planning and Financial Analysis. Prior to joining Todd, Mr. Dodge worked as a Senior Associate with a private investment firm in Bellevue, Washington after having spent several years in the operations group of Tower Group International in Seattle, Washington. Mr. Dodge earned his Bachelor of Arts degree (cum laude) from Boston University and holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration degree (in Finance and Accounting) from the University of Washington. Todd's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Todd Pacific Shipyards Todd Pacific Shipyards Corporation was founded in 1916 as the William H. Todd Corporation through the merger of Robins Dry Dock & Repair Company of Erie Basin, Brooklyn, New York, the Tietjen & Long Dry Dock Company of Hoboken, New Jersey, and the Seattle Construction & Dry Dock Corporation performs a substantial amount of repair and maintenance work on commercial and federal government vessels engaged in various seagoing sea·go·ing adj. Made or used for ocean voyages. seagoing Adjective built for travelling on the sea Adj. 1. trade activities in the Pacific Northwest and provides new construction and industrial services to a variety of customers. Its customers include the U.S. Navy, the U.S. Coast Guard, NOAA NOAA abbr. National Oceanic and Atmospheric Administration Noun 1. NOAA - an agency in the Department of Commerce that maps the oceans and conserves their living resources; predicts changes to the earth's environment; , the Washington State Ferry system and various other commercial and governmental customers. Todd Shipyards Corporation has operated a shipyard in Seattle since 1916. |
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