Larry T Rigdon News

Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry. I believe the company is well positioned to capitalize on the increasing global offshore activity with recently closed (and pending) additions to its fleet of offshore vessels.“Having been…

U.S.-based Tidewater, one of the world's largest owners of offshore support vessels, announced Thursday that Larry T. Rigdon has chosen not to stand for reelection as non-executive chairman and will retire from the board at the company's annual stockholders meeting on June 26, 2023.Rigdon has served as a member of the company's board of directors since July 2017, and as non-executive chairman of the board since October 2019.Dick H. Fagerstal, Tidewater's lead independent director…

Tidewater, which owns and operates the largest fleet of offshore support vessels in the industry, announced that Larry T. Rigdon has been elected Chairman of the Board effective October 28th.Rigdon replaces Dr. Thomas R. Bates, Jr., who has recently resigned from the board, said a press note.Rigdon has been a member of the Tidewater Board of Directors since August 2017. He has extensive prior experience as an executive at Tidewater. Rigdon served as Interim Chief Executive Officer of Tidewater for the five-month period ended March 2018 and had previously joined the Company in 1992 upon the merger with Zapata Gulf Marine Corporation.After successive roles of increasing responsibility, he left the company as Executive Vice President in 2002.

Tidewater Inc. (NYSE: TDW) appointed John T. Rynd as the company's new President and CEO and a member of the Board of Directors effective March 5. He replaces Larry T. Rigdon who has served as interim President and Chief Executive Officer since October of 2017. Tom Bates, Chairman of the Board of Directors, said "After completing a comprehensive search, the Board is very pleased to welcome John to the team. He brings with him considerable experience in the offshore drilling services sector and the global oil and gas industry as a whole. Rynd previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016.

Gulf of Mexico vessel builders – and their customers – adapt to a lean offshore market. After oil prices plunged in late 2014 – pressured by shale output – demand for offshore vessels in the Gulf of Mexico shrank, day rates for boats fell and non-working units were idled. This year, several GoM boat builders filed for Chapter 11, or voluntary bankruptcy, while others consolidated. The most diversified companies kept their heads above water. Today, the outlook's a bit brighter. Crude oil prices hit bottom early last year. Tidewater Inc.

Larry T. Rigdon will serve as interim president and chief executive officer (CEO) of Tidewater Inc. while a search committee seeks a permanent successor to Jeffrey M. Platt, who has elected to retire from his role as director, president and CEO of offshore service vessels (OSV) owner and operator effective October 15, 2017. “Having successfully completed the financial restructuring of Tidewater at the end of July, which positioned the company to weather current industry conditions and achieve success in the future…

Tidewater Inc. announced that, effective immediately, Cliffe F. Laborde, Larry T. Rigdon and Dean E. Taylor have been promoted to the level of Executive Vice President. Each will report directly to William C. O'Malley, Chairman, President and Chief Executive Officer. Cliffe F. Laborde will continue as General Counsel of the company. His responsibilities will also include Corporate Administration, Information Technology, Employee Benefits, Insurance and Human Resource Management, including recruiting, personnel, training and vessel crewing, all on a worldwide basis. He will also assume responsibility for overseeing management of Quality Shipyards. Larry T. Rigdon will continue his full operations responsibilities for the United States Gulf of Mexico, California and Alaska.

Larry T. Rigdon, President and Chief Executive Officer of Rigdon Marine, announced that the third of its 10 platform supply vessels — MV Royal — was christened and delivered for service. Royal was immediately deployed to begin work in the Gulf of Mexico. Mrs. Mathilde Currence, the wife of Richard Currence Jr., Vice President, Operations christened the Royal at Bender Shipbuilding & Repair Company., Inc. of Mobile, Alabama. Royal joins the company's two other vessels, the Bourbon and the Orleans, which are also working in the Gulf of Mexico. "We are extremely pleased that drilling and seismic companies with operations in the Gulf of Mexico have vetted our vessels as being the most cost effective and operationally efficient ships available today," said Rigdon.

Houston, Texas-Larry T. Rigdon, President and CEO of Rigdon Marine Corporation, announced the appointment of Nathan T. Guice as Vice President for Crew Boat Operations and Business Development. Nathan was previously employed by Tidewater, Inc. for the last nine years in both domestic and international management positions, including Division Manager for all Gulf of Mexico crew boat operations. He also served two tours overseas in the Middle East and India markets. Guice earned a Bachelor of Arts in Business Administration and Finance from Millsaps College, and a Masters of Business Administration from Tulane University. He will be base in the company’s St. Rose office.

Rigdon Marine Corporation announced the completion of a series of financial transactions which will strategically position the company for future growth. Rigdon Marine Corporation recently signed a $170 million Credit Facility with a group of European banks led by DVB Bank and secured $30 million in equity investment. The newly restructured Rigdon Marine Corporation has replaced its original financial capitalization for the recently completed GPA 640 series of 10 technically advanced platform support vessels and has obtained additional financing for a new series of 10 vessels, which it has on a firm contract with a major Louisiana shipbuilder.