HOUSTON, March 2, 2021 /PRNewswire/ -- Oceaneering
International, Inc. (NYSE:OII) announced that John R. Huff will retire as a member and
Chairman of the Board of Directors immediately following the 2021
Annual Meeting of Shareholders, and T. Jay
Collins will succeed Mr. Huff as Chairman.
Mr. Collins has been a director of Oceaneering since
2002. Mr. Huff will continue to support the Board of
Directors as Chairman Emeritus for a transitional period.
Mr. Collins served as Chief Executive Officer ("CEO") of
Oceaneering from May 2006 to
May 2011, and as President of
Oceaneering from 1998 to May 2011. Mr. Collins
previously served as Chief Operating Officer of Oceaneering from
1998 until 2006 and as Executive Vice President of Oilfield Marine
Services from 1995 to 1998. He joined Oceaneering in
October 1993, initially serving as
Senior Vice President and Chief Financial Officer. Mr.
Collins is also a director of Murphy Oil Corporation and Pason
Systems Inc.
John Huff joined Oceaneering in
1986 as CEO and director. He served from 1990 to 2006 as Chairman
of the Board and CEO, and since 2006 has served as nonexecutive
Chairman. Mr. Huff stated, "I am very pleased that the Board has
selected Jay Collins to assume the
role of Chairman. His substantial experience and expansive
knowledge of the oilfield and energy industries are
exemplary. I have worked with Jay for nearly 30 years and I
feel confident in Oceaneering's future under his guidance."
Roderick A. Larson, Oceaneering's
President and CEO stated, "My fellow board members and I thank John
for his vision, drive, and leadership over nearly 35 years of
service, as Oceaneering transformed from a small company, focused
on Gulf of Mexico diving
operations, to the large, international enterprise that it is
today, with products and services for use in a broad range of
technology-enabled activities, including oil and gas exploration
and production, energy transition, autonomous vehicles, robotics,
digital solutions, entertainment systems, defense, and space
exploration. I look forward to working with the Board under
Jay's leadership, as we continue to drive operational improvements
and advance our energy transition strategies."
Oceaneering is a global provider of engineered services and
products, primarily to the offshore energy industry. Through
the use of its applied technology expertise, Oceaneering also
serves the defense, aerospace and entertainment industries.
For more information on Oceaneering, please visit
www.oceaneering.com.
Contact:
Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
investorrelations@oceaneering.com
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SOURCE Oceaneering International, Inc.