Tidewater CFO To Retire
Tidewater has noted that its executive vice president and CFO, Ken C. Tamblyn, will retire on August 31. Following a 20-year career as a partner with the accounting firm KPMG, Tamblyn joined the company as CFO in 1986. J. Keith Lousteau, Tidewater's senior vice president and treasurer was appointed Tamblyn's successor. A 23-year veteran of the company, Lousteau will assume the position of CFO. Tidewater also promoted Joseph M. Bennett, the company controller to the additional position of vice president.
Tidewater CFO To Retire
Tidewater has noted that its executive vice president and CFO, Ken C. Tamblyn will retire on August 31. Following a 20-year career as a partner with the accounting firm KPMG, Tamblyn joined the company as CFO in 1986. J. Keith Lousteau, Tidewater's senior vice president and treasurer was appointed Tamblyn's successor. A 23-year veteran of the company, Lousteau will assume the position of CFO. Tidewater also promoted Joseph M. Bennett, the company controller to the additional position of vice president.
Feature:Tidewater Upgrades the Fleet
With over 550 vessels in service, Tidewater, Inc., is by far the world's largest offshore oil service operator. Headquartered in New Orleans, La., Tidewater operates wherever offshore oil and gas is found. While the industry has undergone a slow down in 2002-03, Tidewater is confident that current trends indicate business will improve and the company has been upgrading its fleet of vessels to meet customer needs. "We have a very strong balance sheet," said Stephen Dick, Executive Vice President of operations for North America, North Sea and West Africa for the company. "We have been moving aggressively in the area of new vessel construction, especially U.S. flagged supply boats and crew/supply vessels," Dick added.
