HOUSTON, July 19 /PRNewswire-FirstCall/ -- ATWOOD
OCEANICS, INC., (NYSE: ATW) Houston-based International Drilling
Contractor (the "Company"), announced today that effective
August 11, 2010, Mr. Mark L. Mey will be elected Senior Vice
President and Chief Financial Officer. Mr. James M. Holland, the Company's current Senior
Vice President and Chief Financial Officer, will retire from such
positions as of the close of business August
10, 2010, but may continue as an employee of the Company to
December 31, 2010, to provide for an
appropriate transition.
From August 2005 to July 8, 2010, Mr. Mey was Senior Vice President
and Chief Financial Officer of Scorpion Offshore Ltd. Mr. Mey
serves as a Director of Scorpion Offshore Ltd., but will resign
prior to commencing employment with the Company. Prior to
joining Scorpion, Mr. Mey spent twelve years with Noble
Corporation. During his career at Noble, Mr. Mey served in
various financial and operational capacities, most recently as Vice
President and Treasurer. Prior to joining Noble, Mr. Mey
spent three years in financial consulting and four years in public
accounting in the United States
and South Africa. Mr. Mey
holds an Advanced Diploma in Accounting and a Bachelor of Commerce
degree from the University of Port Elizabeth, South Africa and attended the Advanced
Management Program at the Harvard Business
School in 1998. He is also a Chartered Accountant.
He is a resident of Houston,
Texas.
Rob Saltiel, President and Chief
Executive Officer, stated, "We welcome Mark to Atwood Oceanics and
I am confident that he will play a significant role in the
achievement of the Company's growth and financial goals. Mark
brings extensive experience in the offshore drilling industry and a
strong financial background that will be of great value in
strengthening our Company's capabilities and furthering our pursuit
of attractive growth opportunities."
Separately, Mr. Saltiel said, "It has been a real pleasure
working with Jim Holland. His
contributions, integrity and dedication have helped Atwood navigate
through extraordinary challenges and have positioned us well
financially for our future. On behalf of the Atwood
management team and the Board of Directors, I thank Jim for his 33
years of service and wish him the best in his future endeavors."
Mr. Holland joined the Company in 1977 and was appointed
Senior Vice President and Chief Financial Officer in 1988.
Statements contained in this report with respect to the
future are forward-looking statements. These statements
reflect management's reasonable judgment with respect to future
events. Forward-looking statements involve risks and
uncertainties. Actual results could differ materially from
those anticipated as a result of various factors including the
Company's dependence on the oil and gas industry; the risks
involved in the construction of a rig and commencement of
operations of the rig following delivery; competition; operating
risks; risks involved in foreign operations; risks associated with
possible disruption in operations due to terrorism, acts of piracy,
embargoes, war or other military operations; and governmental and
industry regulations and environmental matters. A list of
additional risk factors can be found in the Company's annual report
on Form 10-K for the year ended September
30, 2009, filed with the Securities and Exchange
Commission.
SOURCE Atwood Oceanics, Inc.