Tidewater (TDW) CEO Taylor to Retire; COO Platt Will Assume Role

April 18, 2012 8:16 AM EDT
Tidewater Inc. (NYSE: TDW) reports that Dean Taylor, its President and Chief Executive Officer since March 2002, will retire as an executive officer of the company effective May 31, 2012, after a 34-year career with Tidewater. Mr. Taylor will remain on the Board of Directors, and serve as Tidewater’s non-executive Chairman of the Board.

Mr. Jeffrey M. Platt will become Tidewater’s new President and Chief Executive Officer effective June 1, 2012. Mr. Platt has been Tidewater’s Chief Operating Officer, overseeing Tidewater’s domestic and international marine operations, since July 2006. Mr. Platt joined Tidewater in 1996 as General Manager of its Brazilian operations following a 12-year career at Schlumberger. At Tidewater, he has continued to assume greater responsibility with assignments in Mexico, the Middle East and India, and the Americas. Mr. Platt’s substantial operational and executive experience within Tidewater, combined with Mr. Taylor’s role as non-executive Chairman of the Board, ensures the executive transition will be a smooth one.

Mr. Jeffrey A. Gorski will succeed Mr. Platt as Tidewater’s Executive Vice President and Chief Operating Officer. Mr. Gorski joined Tidewater in January of this year after a 28-year career at Schlumberger. Currently, Mr. Gorski is a Senior Vice President responsible for Tidewater’s operations in the United States and its engineering and technical services group. Effective June 1, 2012, Mr. Gorski will assume responsibility for worldwide operations.


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