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February 27, 2014
05:36 EDTORNOrion Marine announces retirement of CEO Mike Pearson
Orion Marine Group announced changes in its management structure. On February 25, Mike Pearson, Orion Marine Group's CEO, notified the company of his plans to retire at the end of 2014, but continue as a Director. As a result, the board has begun to implement its succession plan. Under the board's transition plan, Pearson has relinquished his President title, but will remain CEO until December 31, 2014. At that time, he will retire, but will remain a Director of the company. The board announced it has named Mark Stauffer as President of Orion Marine Group. Stauffer has overseen the daily field operations of the company since 2011. The board will begin working with Pearson to transition the duties of CEO to Stauffer by the end of the year.
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