HOUSTON, Oct. 20, 2011 /PRNewswire/ -- ATWOOD OCEANICS,
INC. announced today the appointment of Phil D. Wedemeyer to its Board of Directors and
to the Chair of its Audit Committee. Mr. Wedemeyer recently
retired from Grant Thornton LLP, an international accounting firm,
where he had served as a partner since August 2007. Previously, Mr. Wedemeyer
served with the Public Company Accounting Oversight Board (PCAOB),
most recently as the Director, Office of Research and Analysis,
from August 2005 to July 2007, and previously as Deputy Director,
Division of Registration and Inspection, from March 2004 to August
2005. Prior to his service on the PCAOB, Mr. Wedemeyer
spent more than 30 years at Arthur Andersen, SC, an international
accounting firm, including over 20 years as a partner. Mr.
Wedemeyer holds a BBA in Accounting from Baylor University and is a licensed Certified
Public Accountant.
"Phil brings Atwood Oceanics over 40 years of professional
experience in auditing, financial reporting, developing audit
policy and standards, and financial oversight," commented
George S. Dotson, Chairman of the
Board of Directors of Atwood Oceanics, Inc. "His work as a
professional auditing firm partner, an executive with the PCAOB,
and as a senior member of national professional standards groups
will serve us well as he chairs the Audit Committee of our Board of
Directors."
Atwood Oceanics, Inc. is an international offshore drilling
contractor engaged in the drilling and completion of exploratory
and developmental oil and gas wells. The company currently
owns ten mobile offshore drilling units located in the United States Gulf of Mexico, South America, the Mediterranean Sea,
West Africa, Southeast Asia and Australia, and is constructing an
ultra-deepwater semisubmersible, two ultra-deepwater drillships and
three high-specification jackups for deliveries in 2012, 2013 and
2014. The company was founded in 1968 and is
headquartered in Houston,
Texas. Atwood Oceanics, Inc.'s common stock is traded on the
New York Stock Exchange under the symbol "ATW."
SOURCE ATWOOD OCEANICS, INC.