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Business February 7, 2008
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Grove Hill's Brian Leathers named CFO of Austal's Mobile shipyard

Austal has announced the appointment of Brian Leathers to the position of Chief Financial Officer for Austal's Mobile shipyard. Leathers began his new duties Monday.

Leathers, of Grove Hill, most recently served as Senior Vice President / Chief Financial Officer for Acceptance Loan, a subsidiary of First United Security Bank. In this position his accomplishments included creating the company's strategic plan, creating reporting and controls for all levels of management, and implementing a full compliance program.

Leathers has more than 12 years of experience in the banking industry and almost 15 years of experience working in the manufacturing industry. His manufacturing experience includes working as the Director of Estimating and Pricing at Teledyne Brown Engineering and Manager of Accounting and Systems at Kaiser Aluminum. He holds an MBA from Troy University, attended the Graduate School of Banking at Louisiana State University, and obtained his BA in Accounting from University of West Florida.

Current construction activity at the Mobile yard includes the second of two 353-foot (107-meter) high-speed cargo/passenger ferries for Hawaii Superferry and a 127- meter Littoral Combat Ship under construction for the U.S. Navy.

Austal's operation in the U.S. currently employs over 1,000 shipyard workers. The yard began operation in 2001 and has successfully produced and delivered nine aluminum vessels, including two fast crew supply vessels, two dinner cruise yachts, two high-speed passenger ferries, two highspeed vehicle/passenger ferries, and one surface-effect vessel for the Office of Naval Research.
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