Horizon Announces Management Changes

Thursday, September 09, 2004

Horizon Offshore, Inc. named Richard A. Sebastiao of RAS Management Advisors, Inc., a turnaround and management consulting firm, as chief restructuring officer of the company. As chief restructuring officer, Mr. Sebastiao will serve as the company's principal executive officer. Bill J. Lam, its CEO and President will continue as President and be responsible for the day-to-day operational activities.

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