Great Lakes announces departure of demolition president
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, announced that Mr. Christopher Berardi resigned his employment with Great Lakes’ demolition segment, effective April 29, 2011.
Berardi owns a 35% Class B membership interest in NASDI, LLC, Great Lakes’ primary demolition segment subsidiary. Upon receipt of Berardi’s resignation, Great Lakes exercised its option to call Mr. Berardi’s NASDI membership interest for a nominal exercise price. As a result, Great Lakes will own 100% of NASDI, LLC.
“NASDI has a strong operating team, now led by Steve Pegg. We look forward to working more closely with NASDI leadership to continue to expand NASDI’s footprint.”
Stephen E. Pegg, Senior Vice President of Corporate Development at Great Lakes, is currently responsible for operations at NASDI and is leading the effort to better integrate NASDI and Great Lakes.
Jonathan W. Berger, CEO of Great Lakes stated: “NASDI has a strong operating team, now led by Steve Pegg. We look forward to working more closely with NASDI leadership to continue to expand NASDI’s footprint.”
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