Three changes in the composition of the CDI board of directors were also announced:
Bernard Duroc-Danner was elected to fill the open independent director seat. Mr. Duroc-Danner is Chairman and Chief Executive Officer of Weatherford International, Inc., one of the largest oilfield service and equipment companies in the industry.
Ben Guill, President of First Reserve Corporation, replaces David Kennedy as one of the First Reserve designated directors. Mr. Guill is intimately familiar with CDI as he served as the company’s financial advisor in his previous position as a Managing Director with Simmons & Company International.
Kevin Wood replaces Ken Hulls as one of the Coflexip designated directors. Mr. Wood is Executive Vice President of the Coflexip Stena Offshore Group, responsible for North America, the North Sea and Asia Pacific operations.
Cal Dive International, headquartered in Houston, Texas, operates a fleet of technically advanced marine construction support vessels and conducts salvage operations in the Gulf of Mexico. Energy Resource Technology, Inc., a wholly owned subsidiary, acquires and operates mature offshore properties as part of CDI decommissioning services. End