ABS Group announces new president and CEO

(Houston) ABS Group of Companies, Inc. (ABS Group) is pleased to announce the appointment of Todd Grove as its new President and CEO. Grove most recently served as Senior Vice President and Chief Technology Officer for ABS Group's parent company, American Bureau of Shipping (ABS). With more than 30 years at ABS, in various senior technical and operational management roles across the world, Grove is a proven leader with a successful track record.

Grove holds a bachelor's degree in Naval Architecture and Marine Engineering from the University of Michigan, an MBA from the University of Houston and is a graduate of the Harvard Business School's Advanced Management Program.

ABS Group is a global leader in providing technical services that better enable companies to operate safely, reliably, efficiently and in compliance with applicable regulations and standards. Operating in over 30 countries, ABS Group offers services to the offshore and marine markets, the energy and power sectors, the chemical and pharmaceutical industries and to governments and governmental agencies globally.

With his global operational leadership experience and industry-recognized expertise in the marine and offshore markets, Grove is uniquely qualified to strengthen the alignment between the two organizations and to lead ABS Group into the future as the preferred strategic partner for ABS.

"ABS Group has a strong, sound strategy for the future and we are fortunate to have someone of Todd's experience and background to take on this important role," Chairman of ABS Group of Companies, Chris Wiernicki said. "I have great confidence in his ability to lead the ABS Group team to execute its business plans and I am optimistic about the organization's future."

Commenting on his new role, Grove said "I very much appreciate this opportunity and I look forward to leading such a well-known and respected brand. ABS Group has a unique range of technical services focused on meeting the needs of a strong, diverse client base. These services and the quality of our employees make me extremely confident in maintaining and growing the business across the globe."

About ABS Group

ABS Group (www.abs-group.com) provides technical services to support safe, reliable and high-performance assets and operations. Headquartered in Houston, Texas, ABS Group operates with more than 2,000 professionals in over 30 countries. ABS Group is a wholly owned subsidiary of American Bureau of Shipping (ABS), a leading marine and offshore classification society.