Clarkston Consulting Congratulates B&W for Recent Successful Spinoff

Press Release

Clarkston Consulting Congratulates B&W for Recent Successful Spinoff

DURHAM, NC — August 12, 2010. Clarkston Consulting congratulates long-time client, The Babcock & Wilcox Company (B&W) (NYSE:BWC), on its parent company’s (McDermott International, Inc. (NYSE:MDR)) recent successful spinoff of B&W, an energy technology and services company. As a trusted partner of B&W, Clarkston teamed with B&W to plan and manage the effort to separate key information technology components from the parent to the new company.

Following the announcement nearly eight months ago that McDermott would spinoff B&W, the company called on Clarkston to manage information technology aspects of B&W’s separation. In that time, a tightly integrated Clarkston, McDermott and B&W team led the critical effort, including the migration of dozens of corporate applications to B&W, (across HR, Finance, Treasury, Legal, Tax, Risk Management, Records, Audit), the transition of 100 corporate employees and contractors to B&W, and the full separation of the company’s infrastructure.

“We are honored to have helped in this effort and excited to see B&W sharpen its focus on creating shareholder value as a standalone entity,” commented Kyle Montgomery, partner at Clarkston Consulting.

“Clarkston’s firsthand experience with similar separation efforts helped us plan the approach, identify potential risks, mitigate those risks, and execute a remarkably smooth transition,” said Alan Nethery, B&W Director of Operational Excellence.

About The Babcock & Wilcox Company
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 13,000 people, in addition to approximately 10,000 joint venture employees.

About Clarkston Consulting
Clarkston Consulting is a different kind of management and technology consulting firm. We deliver a unique experience for market leaders within the Consumer Products and Life Sciences industries. Considering professionalism, expertise, and value as prerequisites, we take service a step farther through our unyielding commitment to the success of people as individuals, both our clients and our stewards. By combining integrity, adaptability, and a whatever-it-takes attitude, we have achieved an extremely high rate of referral and repeat business and a 9-year average client satisfaction rate of 97%.

For more information visit us at www.clarkstonconsulting.com

Contact:
Heather Havens-Beardsley
Clarkston Consulting
800.652.4274
hhavens@clarkstonconsulting.com