| CEO Name | Michael McKelvy |
| Nationality | United States |
| Net Worth Estimation | $15 million |
Michael McKelvy's estimated net worth of around $15 million primarily derives from executive compensation, performance incentives, and stock awards during his leadership roles at McDermott International, Ltd. and previous companies. This valuation reflects cumulative earnings, equity holdings, and reported financial disclosures up to 2024.
Michael McKelvy, CEO of McDermott International, Ltd., has an estimated net worth of $15,000,000, positioned at 1.88% between the minimum ($1,000,000) and maximum ($800,000,000) estimated CEO net worths in the construction industry. His net worth reflects a modest standing relative to the sector's highest earners.
Business Category: Construction
Minimum Net Worth (estimation): 1000000 USD
Maximum Net Worth (estimation): 800000000 USD
Michael McKelvy Performance in McDermott International, Ltd.
Michael McKelvy demonstrated transformative leadership at McDermott International, Ltd., driving strategic decision-making that prioritized operational efficiency and project execution. His focus on disciplined capital allocation and risk management enhanced company performance during volatile market conditions. Under McKelvy's tenure, McDermott strengthened its global footprint and improved financial stability, positioning the firm for sustainable growth.
Latest News
McDermott International, Ltd. Appoints Michael McKelvy as CEO and Advances Global Energy Projects
Michael McKelvy, a seasoned industry veteran, was named President and CEO of McDermott International, Ltd. in February 2022, bringing decades of international leadership and engineering expertise to drive the company's strategic growth and energy transition initiatives. Under McKelvy's leadership, McDermott has secured major contracts worldwide, including recent offshore and subsea projects in Angola, Malaysia, and the Gulf of Mexico, reinforcing its position as a premier global energy solutions provider.
Source: http://www.mcdermott.com/press-release-detail/122972/mcdermott-appoints-michael-mckelvy-president-and-ceo