Quintin Kneen, President, Chief Executive Officer, Tidewater: “We are grateful for the contributions Jeff and Bruce have made to Tidewater over the years …”
Houston headquartered offshore providersTidewater Inc (NYSE: TDW) reports that its board of supervisors has actually designated Quintin V. Kneen as President, Chief Executive Officer, as well as supervisor, efficient right away. John T. Rynd is retiring as President, Chief Executive Officer, as well as supervisor of Tidewater.
Kneen has actually functioned as Tidewater’s Executive Vice President as well as Chief Financial Officer considering that its November 2018 service mix with GulfMark Offshore, Inc., where he had actually been President, Chief Executive Officer, as well as a supervisor of GulfMark before business mix.
Kneen signed up with GulfMark in June 2008 as the Vice President– Finance as well as was called Senior Vice President– Finance as well as Administration in December 2008. He was ultimately designated as Executive Vice President as well as Chief Financial Officer in June 2009 where he functioned till his consultation asChief Executive Officer Previously, he was Vice President-Finance & & Investor Relations for Grant Prideco, Inc., offering in exec money settings at Grant Prideco considering that June 2003. Prior to signing up with Grant Prideco, Kneen held exec money settings atAzurix Corp as well as was an Audit Manager with the Houston workplace of Price Waterhouse LLP. He holds an M.B.A. from Rice University as well as a B.B.A. in Accounting from Texas A&M University, as well as is a Certified Public Accountant as well as a Chartered Financial Analyst.
Tidewater’s Chairman of the Board, Thomas R. Bates, Jr., commented, “We appreciate John’s many contributions during his tenure with Tidewater. He oversaw a successful merger with GulfMark that has positioned Tidewater to be the leader in the offshore service vessel industry while maintaining its unmatched financial strength and stability. We wish John all the best in his future plans.”
Bates proceeded, “Quintin is well qualified to lead Tidewater, having led GulfMark through both a successful reorganization and its combination with Tidewater. Following our combination, in his role as CFO, he has been focused on the financial integration of the two organizations and achieving the cost and operational synergies of that combination. The Board is confident that Quintin will do an excellent job as Tidewater continues to navigate its way through an industry still seeking a fulsome recovery.”
Kneen mentioned, “I am proud to assume the leadership of this great company. Last year’s business combination created opportunities to realize synergies and strategic advantages. We will maximize the impact of these attributes and pursue additional opportunities to enhance our strategic position and capitalize on our large scale of operations. I am committed to continuing our outstanding safety record, maintaining our operational excellence and creating a business that is capital disciplined and dedicated to maximizing cash flow regardless of industry conditions. Tidewater’s scale of operations and its strong balance sheet place it in an excellent position to achieve these objectives and to deliver superior returns to our stockholders.”
