Conrad Industries Welcomes Jack Waldo to Its Board, Bids Farewell to Michael Harris

Leadership Changes at Conrad Industries

Conrad Industries, Inc., a prominent name in shipbuilding and marine construction based in Morgan City, Louisiana, has recently announced significant changes within its Board of Directors. As of January 30, 2025, Jack Waldo has been appointed to the Board, taking over the responsibilities previously held by Michael J. Harris, who has stepped down following a notable tenure with the company.

New Appointment: Jack Waldo

Jack Waldo, who currently serves as the co-Chief Executive Officer of Dental Depot, brings a wealth of experience to Conrad Industries. With a substantial background in investment banking and research analysis, particularly in the transportation and logistics sectors, Waldo is expected to provide valuable insights that will help steer the company towards greater success. Prior to his role at Dental Depot, Waldo spent 17 years at Stephens Inc., where he excelled as Managing Director for Transportation and Logistics Investment Banking. His operational knowledge combined with his financial expertise makes him a strong addition to the Board.

The Chairman and CEO of Conrad Industries, Johnny Conrad, expressed his enthusiasm about Waldo’s appointment. “We are pleased to welcome Jack Waldo to our Board. Jack knows our company and industry well. We look forward to his insights and guidance,” said Conrad, highlighting the positive impact that Waldo is anticipated to have.

Farewell to Michael Harris

The announcement also marks the retirement of Michael J. Harris from both the Board and the Independent Directors Committee. Harris has played a crucial role in the company's journey, and his contributions have been deeply valued. “We also want to thank Mike Harris for his dedicated service on our Board and Independent Directors Committee, and his commitment to our Company and its shareholders,” stated Johnny Conrad. Harris has been integral in guiding the company through various challenges and has left a lasting legacy that will continue to influence Conrad Industries.

Harris’s retirement comes after years of diligent service, during which he has been a prominent figure in the company’s strategic decisions and growth plans. The company is grateful for his leadership and wishes him the very best in his future endeavors.

About Conrad Industries

Founded in 1948, Conrad Industries, Inc. stands as a leader in the design, construction, and overhaul of marine vessels and equipment. The company specializes in crafting barges, tugboats, ferries, and offshore supply vessels and provides both repair and new construction services across its shipyards in Louisiana and Texas. With a commitment to quality and innovation, Conrad Industries continues to meet the evolving demands of both commercial and government markets.

In addition to his corporate roles, Waldo serves on the Board of Directors for United Petroleum Transport and the Samuel Roberts Noble Foundation, highlighting his commitment to community and industry initiatives. His multifaceted experience positions him well to contribute towards the future success of Conrad Industries.

Conclusion

These leadership changes signal a pivotal moment for Conrad Industries as it aims to enhance its strategic capabilities and further its mission in the maritime sector. The appointment of Jack Waldo is not just a change in personnel but an opportunity for fresh perspectives and renewed vigor within the Board. As the company progresses, it will undoubtedly benefit from Waldo's insights and vision, setting the stage for continued success in the years to come.