HII Promotes Boudreaux
Huntington Ingalls Industries (HII) announced Tuesday that Chad N. Boudreaux has been appointed executive vice president and chief legal officer, effective April 1, 2020. Current Executive Vice President and Chief Legal Officer Kellye Walker recently announced her decision to pursue another opportunity, and she will depart HII on March 31.Boudreaux is currently the corporate vice president for litigation and chief compliance and privacy officer for HII. As executive vice president and chief legal officer, Boudreaux will report to HII President and CEO Mike Petters.
Boudreaux Named Chief Compliance Officer for HII
Huntington Ingalls Industries (NYSE:HII) announced that Chad N. Boudreaux has been named to the newly created position of chief compliance officer. Chad will report to Bruce N. Hawthorne, corporate vice president, general counsel and secretary, and to the Audit Committee of the HII Board of Directors. "HII has demonstrated a longstanding commitment to the highest ethical standards and compliance across its entire operation," said Mike Petters, HII's president and CEO. "Chad's new role as chief compliance officer is a valuable enhancement of our existing compliance program…
Boudreaux Corporate VP for Litigation, Huntington Ingalls
Huntington Ingalls Industries, Inc. (NYSE: HII) announced that Chad N. Boudreaux has joined the company as corporate vice president for litigation, investigations and compliance. He will report to Bruce N. Hawthorne, corporate vice president, general counsel and secretary, and to George M. Simmerman Jr., corporate vice president and deputy general counsel. Boudreaux comes to HII from Baker Botts LLP, where he established the law firm's Global Security and Corporate Risk Counseling practice group. Before joining Baker Botts, Boudreaux held various high-ranking positions in the U.S. government.
Transocean, GlobalSantaFe to Merge
Transocean Inc. and GlobalSantaFe Corporation said that their boards of directors have unanimously approved a definitive agreement for a merger of equals. Based upon closing prices for each company's ordinary shares as of July 20, 2007, the estimated enterprise value of the combined company would be approximately $53 billion. The combined company, to be known as Transocean Inc., will retain principal offices in Houston and trade on the New York Stock Exchange with the symbol RIG. Under the terms of the agreement, Transocean shareholders will receive $33.03 in cash and 0.6996 shares of the combined company for each share of Transocean they own. GlobalSantaFe shareholders will receive $22.46 in cash and 0.4757 shares of the combined company for each share of GlobalSantaFe they own.
GLM, Santa Fe International Announce $6 Billion Merger
The course of corporate consolidation within the already tight offshore business took a dramatic turn over the holiday weekend, as Global Marine Inc. and Santa Fe International Corporation entered into a definitive agreement to merge in a stock-for-stock transaction that will create the world's second largest offshore drilling contractor. The new company, which will be named GlobalSantaFe Corporation, will be headquartered in Houston and will trade on the New York Stock Exchange under the ticker symbol "GSF". Based on Santa Fe's closing stock price on Friday, August 31, GlobalSantaFe would have a market value of approximately $6 billion.
