The Board of Directors of Friede Goldman Halter have added the title of Chief Executive Officer to T. Jay Collins who presently serves as Chairman of FGH. Collins is overseeing the final stages of the bankruptcy process from the Board level, while continuing his full-time position as President of Oceaneering International, Inc. Jack Stone, who served as interim CEO, will continue his focus as the Chief Restructuring Advisor to FGH. Stone is a principal of Glass & Associates, Inc., a nationally prominent management-consulting firm, has been advising the Board of Directors since October 2001 on restructuring matters.