Tidewater Announces Appointment of Sam Rubio to the Posture of Chief Economic Officer and David Darling to the Place of Main Running Officer
Promotions acknowledge the sizeable monetary and operational enhancements achieved by the organization due to the fact the GulfMark Offshore Merger
Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Business”), a main owner and operator of offshore guidance vessels providing offshore electrical power transportation solutions throughout the world nowadays announced the advertising of two key users of the company’s govt team, Sam R. Rubio and David E. Darling.
“I am enormously proud to announce the promotions of Sam to the placement of Chief Economic Officer and David to the place of Chief Running Officer,” explained Quintin Kneen, Tidewater’s President and Main Executive Officer. “The leadership and ingenuity these two men and women have demonstrated by serving to to reshape our operations in response to the pandemic epitomizes the Tidewater society. For all intents and purposes, Sam and David have been performing in these roles considering that early 2020 – and these promotions realize and reward them for their worthwhile contributions.”
“Considering the fact that the 2018 merger with GulfMark Offshore, Sam has served as the company’s Main Accounting Officer and has been instrumental in the design and style and implementation of our new accounting and financial infrastructure. Sam drove the major price price savings and raise in administrative effectiveness the firm has demonstrated subsequent the merger and was instrumental in changing the shore base firm to reflect the shifting market place circumstances. The organization also minimized prolonged-phrase personal debt by about $250 million considering that the merger, and Sam will direct the ongoing administration of our market-major balance sheet. Sam was beforehand the Chief Monetary Officer of GulfMark Offshore and brings 16 a long time of business expertise, as perfectly as 40 several years of accounting and finance expertise, to the purpose.
“David has above 30 yrs of knowledge in offshore vessel business functions. He began his vocation as a vessel Captain in 1984 and initial joined Tidewater upon its merger with Zapata Gulf Marine in 1991. David assumed government obligation for our protection software for 2020 and we accomplished the greatest annual protection record in the record of the corporation with no decline time incidents for the 12 months. He also has been instrumental in the implementation of our revised geographic footprint, cutting down working spots though simultaneously rising operational performance. David has served in numerous govt roles and has been stationed in numerous nations around the world about the environment for Tidewater, GulfMark Offshore, and Zapata Gulf Marine. David is a demonstrated chief in the offshore field and his working experience as a vessel Captain gives him unmatched insight into working day-to-working day functions.”
Mr. Rubio has been promoted to Govt Vice President and Main Economical Officer, pursuing his accomplishments serving as the Company’s Chief Accounting Officer and Controller given that signing up for Tidewater next the blend with GulfMark Offshore, Inc. in 2018. Past to becoming a member of the Firm, he served as GulfMark’s Senior Vice President and Main Financial Officer, after keeping the situation of Chief Accounting Officer for around 10 several years. Mr. Rubio attained a Bachelor of Company Administration degree from Sul Ross Condition University and is a Licensed General public Accountant and a member of both equally the American Institute of Certified Public Accountants and the Texas Culture of Qualified Public Accountants. In addition, he has 40 yrs of practical experience in accounting at equally functioning division and corporate stages as very well as the management of accounting organizations.
Mr. Darling has been promoted to Govt Vice President and Chief Operating Officer, just after main the Company’s significant organizational restructuring in the position of Main Human Assets Officer because joining Tidewater in early 2018. He has contributed to the advancement and implementation of various operational and performance maximizing initiatives around the previous several many years, and in his new role he will be dependable for world wide vessel operational uptime and price tag performance, which include dry dock functions and the optimization of the fleet in lay-up. Mr. Darling has in excess of 25 decades of domestic and international human means and functions management encounter, which include serving as GulfMark Offshore’s Chief Human Assets Officer prior to becoming a member of Tidewater. He also held numerous government human resources roles at Rigdon Maritime, a subsidiary of Ford Motor Corporation and gained offshore vessel marketplace encounter as a vessel grasp and operations supervisor. Mr. Darling earned his Bachelor of Science in Human Resources Administration from Brenau College and his Grasp of Science in Human Sources Management and Labor Relations from the New York Institute of Know-how.
About Tidewater
Tidewater owns and operates the greatest fleets of offshore help vessels in the business, with about 65 a long time of encounter supporting offshore energy exploration and manufacturing things to do all over the world. To study more, take a look at www.tdw.com.
Forward-Hunting Statements
In accordance with the risk-free harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that selected statements set forth in this push launch comprise specified ahead-hunting statements which replicate our current view with respect to long term gatherings and foreseeable future monetary functionality. Forward-on the lookout statements are all statements other than statements of historical point. All these kinds of forward-wanting statements are topic to dangers and uncertainties, several of which are over and above the control of the Firm, and our foreseeable future results of functions could vary materially from our historical effects or latest expectations reflected by these kinds of forward-searching statements. Buyers must diligently think about the danger things explained in depth in the Company’s most latest Variety 10-K, most latest Type 10-Q, and in very similar sections of other filings produced by the Organization with the SEC from time to time. The Company’s filings can be attained free of charge on the SEC’s website at www.sec.gov. Except to the extent necessary by regulation, the Enterprise expressly disclaims any obligations or endeavor to release publicly any updates or revisions to any forward-looking statements contained in this press release to mirror any improve in the Company’s expectations or any adjust in gatherings, circumstances or situations on which any statement is centered. Forward-on the lookout statements and prepared and oral forward-looking statements attributable to the Business or its reps right after the date of this release are experienced in their entirety by the cautionary statements contained in this paragraph and in other stories filed by the Enterprise with the SEC.
Critical Additional Information and facts
Tidewater Inc., its administrators and certain of its government officers are deemed to be individuals in the solicitation of proxies from Tidewater’s stockholders in relationship with the matters to be regarded as at Tidewater’s 2021 Once-a-year Assembly of Stockholders. Info pertaining to the names of Tidewater’s directors and govt officers and their respective passions in Tidewater by safety holdings or otherwise can be found in Tidewater’s proxy statement for its 2020 Yearly Meeting of Stockholders, filed with the Securities and Exchange Fee (“SEC“) on June 18, 2020, and in other filings with the SEC. To the extent holdings of Tidewater’s securities have adjusted given that the quantities set forth in Tidewater’s proxy statement for the 2020 Annual Assembly of Stockholders, these types of variations have been mirrored on Original Statements of Helpful Possession on Variety 3 or Statements of Adjust in Possession on Variety 4 filed with the SEC. These files will be out there totally free of demand at the SEC’s site at www.sec.gov.
Tidewater intends to file a proxy statement and accompanying BLUE proxy card with the SEC in link with the solicitation of proxies from Tidewater stockholders in connection with the issues to be regarded as at Tidewater’s 2021 Yearly Conference of Stockholders. Further information and facts relating to the identification of participants, and their immediate or indirect interests, by stability holdings or usually, will be set forth in Tidewater’s proxy statement for its 2021 Yearly Conference, such as the schedules and appendices thereto. Investors AND STOCKHOLDERS ARE STRONGLY Encouraged TO Read ANY This kind of PROXY Statement AND THE ACCOMPANYING BLUE PROXY CARD AND ANY AMENDMENTS AND Dietary supplements THERETO AS Very well AS ANY OTHER Files Filed BY TIDEWATER WITH THE SEC Cautiously AND IN THEIR ENTIRETY WHEN THEY Turn into Offered AS THEY WILL Comprise Vital Details.
Stockholders will be able to attain copies of the proxy assertion, any amendments or supplements to the proxy statement, the accompanying BLUE proxy card, and other paperwork submitted by Tidewater with the SEC for no charge at the SEC’s web-site at www.sec.gov. Copies will also be out there at no charge at the Investor Relations part of Tidewater’s company web site at www.tdw.com or by calling Tidewater’s Corporate Secretary at Tidewater, Inc., 6002 Rogerdale Street, Suite 600, Houston, Texas 77072, or by contacting Tidewater’s Company Secretary at (713) 470-5310.
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Contacts
Jason Stanley
Vice President ESG & Trader Relations
+1.713.470.5292
[email protected]