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Cal Dive (DVR) Names Koch to EVP, CFO, and Treasurer

November 4, 2009 9:35 AM EST
DVR Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

EPS Growth %: -25.0%
Cal Dive International, Inc. (NYSE: DVR) is pleased to announce the appointment of Bruce P. Koch as Executive Vice President, Chief Financial Officer and Treasurer of the Company. Mr. Koch will assume his duties today, November 4, 2009, and replaces G. Kregg Lunsford who, as previously reported, has been named the Company's Executive Vice President - Eastern Hemisphere, based in Singapore.

Mr. Koch brings to Cal Dive more than 25 years of financial, accounting, tax, treasury, information technology and merger and acquisition experience. His work experience includes 19 years at Nabors Industries, Ltd. serving in the role of Corporate Controller, Vice President of Finance and most recently Chief Financial Officer for the last six years. During his tenure at Nabors, he led his departments during a period of significant growth and international expansion. Mr. Koch began his career in public accounting.

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