Shawcor Ltd.

09:59 AM EST - Shawcor Ltd. : Announced the appointment of Michael E. Reeves as the new President of Shawcor. Stephen M. Orr, will continue to serve as the Chief Executive Officer of the Company. This change is part of Shawcor’s ongoing management succession planning. In his role as President, Reeves will report to the Chief Executive Officer and will assume responsibility for all of Shawcor’s operating segments: Pipeline and Pipe Services, Composite Systems and Automotive and Industrial, effective immediately. Shawcor Ltd. shares T.SCL are trading up $0.24 at $5.15.

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