New Organizational Structure at NAES Corp.

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NAES Corporation, a broad-based provider of services to the energy industry, announces that effective January 1, 2011, it has restructured in order to better serve its customers and to extend its maintenance and construction services into new markets. NAES will create a new division, to be called the NAES Engineering & Construction Group and led by Dale Withers, which will provide a variety of support services for two wholly-owned subsidiaries of NAES. In addition to NAES Power Contractors, Inc., which has long served the union maintenance and construction market, NAES is forming NAES Constructors, Inc., which will pursue projects in the open shop market. The mission of the NAES Engineering & Construction Group is to foster the continued growth of both subsidiaries, and to ensure that each delivers high value, cost-effective projects with uncompromising safety, quality, and timeliness.

NAES Constructors, Inc. will be co-located in Houston with the Turbine Services Division of NAES, with that division embracing the same rigorous standards. Headquartered in Issaquah, Washington, NAES is the energy industry’s largest independent provider of operations and maintenance services, also providing complementary and coordinated services through a tightly integrated family of subsidiaries and operating divisions. These services include construction, retrofit, and maintenance services under dedicated long-term maintenance or individual project contracts; on-site turbine inspection/overhaul services; parts refurbishments and equipment repair; staffing solutions; and customized services designed to improve plant and personnel effectiveness (see article in this issue). NAES is owned by ITOCHU International, Inc., the U.S. affiliate of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU is among the world’s largest corporations. Go online to www.naes.com.