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David Butters News

16 Dec 2020

BW Group Buys 39.1% Stake in Navigator Holdings

Private equity firm WL Ross & Co. said it has agreed to sell its approximately 39.1% equity interest in ship owner-operator Navigator Holdings to maritime and offshore company BW Group at a price of $9 per share."Navigator Holdings has been an industry leader since we made the initial investment. We think the company's future is bright, and this long-term investment from BW Group will position the company to realize its potential," said Hal Malone, Head of Transportation of WL Ross.Andreas Sohmen-Pao, Chairman of BW Group, said "BW is excited to be taking an ownership position in Navigator Holdings, a leading company in its sector, and…

15 Feb 2013

GulfMark Offshore Announces Retirement of Bruce Streeter

GulfMark Offshore, Inc. (NYSE:GLF) announced managerial retirements and promotions. Mr. David Butters, Chairman of the Board of GulfMark Offshore, announced that Bruce Streeter has elected to retire from the Company as an officer and director effective at our Annual Stockholders Meeting on June 4, 2013. Bruce has led the Company for 23 years since its inception as President and Chief Executive Officer. The Board thanks him for his years of service during which the Company grew from 11 ships to our current fleet of 70 ships. Mr. Butters said, "We all are indebted to Bruce for his many years of contributions. Mr. Butters also announced that Quintin Kneen, the Chief Financial Officer, would assume the additional role of President and Chief Executive Officer. Mr.