Larry Rigdon Joins Terresolve Technologies Ltd.’s Board of Directors

Wednesday, April 13, 2011

Former Rigdon Marine CEO and Founder Elected To Board of Leading Biodegradable Lubricants and Functional Fluids Producer

Mentor, OH, March 31, 2011 – Terresolve Technologies, Ltd. today announced that Larry Rigdon, founder and former CEO of the Rigdon Marine Corporation, has joined the company’s board of directors. Rigdon, a former executive vice president of Tidewater, Inc., also sits on the board of the National Ocean Industries Association.

“Larry’s very broad business experience will be a real asset to Terresolve,” said Mark Miller, the company’s CEO. “He has done some amazing things including raising significant venture capital and growing and running a business worth several hundred million dollars. His experience in the marine industry, which is one of our target markets, will prove invaluable. We are privileged to work with someone of his caliber.”

Rigdon founded the Houston-based Rigdon Marine Corporation in 2002 and served as its CEO and Chairman until retiring from the company in 2008. The company, now a subsidiary of Gulfmark Offshore, Inc., provides offshore marine services and operates deepwater platform supply, fast supply vessels, and crewboats. While at the helm of the corporation, Rigdon raised the capital to fund over 20 vessels and employed over 300 people. Prior to being sold in 2008, Rigdon Marine saw annual revenues of nearly $100 million.

“I am excited to be working with Terresolve,” Rigdon said. “The company has a great team and a terrific array of products. Before agreeing to sit on the board, I thoroughly vetted the company, its management team and products. I’m impressed with what Terresolve has done so far and hope that I can help the company to continue to grow.”

From 1992 to 2008, Rigdon served as an executive vice president of Tidewater, Inc., and was responsible for up to $460 million in annual revenues. Rigdon is a CPA and a graduate of Harvard University’s Graduate School of Business Advancement Program and Truman State University.

With more than 50 different applications, the Terresolve EnviroLogic® brand offers a wide variety of biodegradable products, from hydraulic fluids and gear oils to farm fluids and engine oils that have been tested and proven in the world’s toughest environments.  Terresolve serves the offshore marine, marine transport, clean energy, fleet, and turf/golf course maintenance markets. 

Source: Terresolve Technologies

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

People in the News

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Vice-Principal of South Korean School in ferry disaster commits suicide

The vice-principal of a South Korean high school who accompanied hundreds of pupils on a ferry that capsized has committed suicide, police said on Friday, as hopes

Captain of capsized S Korean Ferry Arrested

The captain of a South Korean ferry that capsized, leaving 29 people dead and 274 others missing, was arrested on Saturday, the country's Yonhap news agency said.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1297 sec (8 req/sec)