Chair for Austal chosen

MOBILE, Ala. -- John "Dugan" Shipway, a retired Navy admiral, has been elected to chair the board of Austal USA in Mobile, effective immediately. Shipway, who spent 35 year in the Navy, joined the Austal USA board in March as an outside director. He will replace Lawrence Cavaiola, the inaugural chairman of Austal's U.S. subsidiary. Austal is under contract with the Navy to build nine joint high-speed vessel under a 10-ship contract and five littoral combat ships. (Source: Mobile Press-Register, 11/01/12)