chicago bridge & iron company type public traded as nyse cbi industry engineering construction oil and gas founded 1889 founder horace e. horton george wheelock william wheelock headquarters the hague netherlands 1 area served worldwide key people michael l. underwood chairman of the audit committee l. richard flury non executive chairman of the board of supervisory directors philip k. asherman president ceo & director revenue 12.93 billion 2012 2 operating income 425.1 million 2015 2 net income 504.4 million 2015 2 total assets 9.202 billion 2015 2 total equity 2.164 billion 2015 2 number of employees 50 000 may 2013 3 website www.cbi.com cb & i administrative headquarters chicago bridge & iron works 1912 catalog chicago bridge & iron company known commonly as cb & i is a large american conglomerate engineering procurement and construction epc company . cb & i specializes in projects for oil and gas companies . according to one of the founder s heirs the old joke is that chicago bridge & iron isn t in chicago doesn t build bridges and doesn t use iron . 4 cb & i currently employs approximately 50 000 people worldwide . contents 1 corporate headquarters and leadership 2 history 3 cb & i today 4 controversies 5 references 6 external links corporate headquarters and leadership edit the corporate headquarters are located in the netherlands with the administrative headquarters being located in the woodlands texas . 5 current corporate officers are 6 president and ceo philip k. asherman executive vice president and chief financial officer michael s. taff executive vice president & chief human resources officer sheila b. feldman executive vice president and group president of capital services e. chip ray executive vice president of global operations services james w. sabin executive vice president and group president of technology daniel m. mccarthy executive vice president and chief administration officer beth a. bailey executive vice president and chief legal officer and secretary richard e. chandler executive vice president and group president of fabrication services luke v. scorsone executive vice president and group president of engineering construction and maintenance patrick k. mullen senior vice president fossil power bobby r. smith history edit cb & i was founded in 1889 in chicago illinois usa as chicago bridge & iron company when horace e. horton a bridge designer agreed to merge business with george and william wheelock of the kansas city bridge and iron company . while initially involved in bridge design and construction cb & i turned its focus to bulk liquid storage in the late 19th and early 20th centuries coinciding with the western expansion of railroads across the united states and the discovery of oil in the southwest . cb & i quickly became known for design engineering and field construction of elevated water storage tanks above ground tanks for storage of petroleum and refined products refinery process vessels and other steel plate structures . cb & i supported the expansion of oil exploration outside the us starting operations in south america in 1924 in asia two years later and in the middle east in 1939 . during world war ii cb & i was selected to build landing ship tanks lsts . cb & i ranked 92nd among us corporations in the value of world war ii military production contracts . 7 lsts carried troops and supplies to american and allied troops fighting in europe and the pacific theater . cb & i was chosen because of their reputation and skills particularly welding . since the coastal shipyards were busy building large vessels for the war effort such as aircraft carriers battleships cruisers and destroyers there was no alternative but to use the inland waterways and shipyards for the production of smaller ships . over the course of the company s history cb & i has developed many technologies and achieved a number of industry milestones . these include the first floating roof tank for the oil industry 1923 the first spherical pressure vessel 1923 the first double wall liquid natural gas lng storage tank 1958 the first site assembled thick wall steel nuclear reactor vessel 1966 the first marine lng storage and distribution terminal in the us 1971 the world s largest steel water reservoir 1986 the world s largest vacuum distillation tower 1999 and the world s largest thermal energy storage tank 2009 . cb & i has been involved in a number of changes during the past two decades . it was acquired by praxair in 1996 ; praxair kept a chemical subsidiary and spun off cb & i as a dutch incorporated company the next year . 4 cb & i headquarters moved from chicago to houston texas in 2001 and then to the hague netherlands when texas enacted a franchise tax . since 2000 it has acquired a number of companies . most recently in 2012 cb & i agreed to buy the shaw group for about us 3 billion 8 9 10 completing the acquisition in february 2013 . 11 the company built a number of bridges and other works that are listed on the national register of historic places . 12 these works include with varying attribution boiling nuclear superheater bonus reactor facility punta higuero sector pr 413 rincon puerto rico chicago bridge co. nuclear engineering nrhp listed 12 one or more works in the caplinger mills historic district junction of washington ave. and the sac river caplinger mills missouri chicago bridge co. nrhp listed 12 one or more works in the colony tower complex 6503 dyke rd. mi 29 clay township pearl beach michigan chicago bridge and iron co. nrhp listed 12 one or more works in the colony tower complex boundary increase 6503 dyke rd. mi 29 clay township pearl beach michigan chicago bridge and iron co. nrhp listed 12 cunningham lane bridge hansberry lane near fancy cr . rockbridge wisconsin chicago bridge and iron co. nrhp listed 12 embarras river bridge wade township rd. 164 over embarras river newton illinois chicago bridge co. nrhp listed 12 evansville standpipe 288 n. 4th st. evansville wisconsin chicago bridge & iron co. nrhp listed 12 frank s ford bridge cr 121 over s. branch of zumbro river oronoco minnesota chicago bridge & iron nrhp listed 12 hartford water tower pine & 1st . sts . hartford arkansas chicago bridge & iron co. nrhp listed 12 lake ditch bridge junction of lake ditch and lake ditch rd. monrovia indiana chicago bridge and iron co. nrhp listed 12 mahned bridge mahned rd. over the leaf river new augusta mississippi chicago bridge and iron company nrhp listed 12 mccrory waterworks junction of n. fakes and w. third mccrory arkansas chicago bridge & iron works nrhp listed 12 mill race bridge pheasant rd. over turkey river west union iowa chicago bridge and iron co. nrhp listed 12 monette water tower sw . corner junction of ar 139 & texie ave. monette arkansas chicago bridge & iron nrhp listed 12 otranto bridge 480th ave. over big cedar river st. ansgar iowa chicago bridge and iron company nrhp listed 12 tyronza water tower nw of junction of main st. and oliver st. tyronza arkansas chicago bridge & iron works nrhp listed 12 water street darden road bridge over st. joseph river at darden rd. south bend indiana chicago bridge & iron co. nrhp listed 12 west water tower and ground storage tank 310 11th ave. orion illinois chicago bridge & iron nrhp listed 12 cb & i today edit in late 2000 cb & i embarked on a series of acquisitions that have expanded its services to encompass the entire hydrocarbon industry from conceptual design through technology licensing engineering and construction to final commissioning and technical services . cb & i acquired lummus global from abb on november 19 2007 adding approximately 3 000 employees to the cb & i payroll . 13 14 the shaw group acquisition was completed on february 13 2013 and cb & i now employs nearly 50 000 people . 15 cb & i s global business groups are technology which offers licensed process technologies catalysts specialized equipment and engineered products for use in petrochemical facilities oil refineries and gas processing plants . engineering construction & maintenance which provides engineering procurement fabrication and construction of major energy infrastructure facilities as well as comprehensive and integrated maintenance services . fabrication services which provides piping solutions and supplies storage tanks and vessels for the oil and gas water and wastewater mining and power generation industries . government solutions which leads large high profile programs and projects including design build infrastructure projects for federal state and local governments . examples of recent major projects around the world include two lng import terminals in the uk south hook lng in milford haven wales which will be the largest lng terminal in europe ; and the grain lng import terminal near london lng liquefaction plant in pampa melchorita peru natural gas processing and treating complex in cabinda province angola crude vacuum and decoking unit expansion project for a refinery in kansas us golden pass lng import terminal near sabine pass texas us large tankage facility at shell pearl gtl qatar hydrotreating and sulfur removal recovery facilities for several major us refiners lng re gasification terminal at quintero bay chile worth approximately 775 million cat gas hydrotreater cght in el paso texas us hydrogen generation plant in benecia california us propane dehydrogenation unit in houston texas us multiple middle east storage facilities oil sands storage tanks in alberta canada in november 2004 cb & i was awarded a contract by one of the world s largest suppliers of wind turbines to fabricate 150 tubular steel support towers for wind turbines that were installed in wind farms in the western united states . the towers support 1.5 megawatt wind turbines which are the largest wind turbines assembled in the united states and the most widely sold and tested megawatt class wind turbines in the world . in april 2012 cb & i was awarded a contract for a petrochemicals expansion project in geismar louisiana including the license and basic engineering for the ethylene technology . 16 controversies edit cb & i was revealed as a subscriber to the uk s consulting association exposed in 2009 for operating an illegal construction industry blacklist ; cb & i was one of 14 companies issued with enforcement notices by the uk information commissioner s office . 17 a cb & i employee ron barron later employed by bechtel consulted the blacklist more than 900 times in 2007 alone a 2010 employment tribunal was told . 18 references edit cbi.com . retrieved april 20 2016 . a b c d e chicago bridge iron form 10 k annual report pdf . secdatabase.com . retrieved june 9 2016 . chicago bridge iron form 10 k annual report filing date feb 28 2013 pdf . secdatabase.com . retrieved mar 24 2013 . a b chicago bridge & iron set for spinoff http www.hokplanninggroup.com projects portfolio 3eebec2f c1c7 5dad 157e a7ab822ec6a1 chicago bridge iron u s headquarters plnweb.htm sort alpha executive management team from cbi.com peck merton j. & scherer frederic m. the weapons acquisition process an economic analysis 1962 harvard business school p. 619 jim polson and thomas black 30 july 2012 . cb & i to buy shaw group for 3 billion to add nuclear unit . bloomberg news . san francisco chronicle . retrieved 30 july 2012 . chicago bridge & iron form 8 k current report filing date jul 30 2012 . secdatabase.com . retrieved mar 25 2013 . http www.marketwatch.com story shaw group agrees to cbis 304b takeover bid 2012 07 30 cbi completes shaw acquisition . yahoo finance . 14 february 2013 . retrieved 21 february 2013 . a b c d e f g h i j k l m n o p q r s national park service 2010 07 09 . national register information system . national register