02-05-2008
Helix Energy Solutions announces
that Martin R. Ferron has informed the Board of Directors that he will resign as
President and Chief Executive Officer and as a director of the company,
effective February 4, 2008. Owen Kratz, who currently serves as Executive
Chairman and Chairman of the company's Board of Directors, will resume the role
of Chief Executive Officer and assume all of the duties formerly performed by
Mr. Ferron.
Mr. Kratz, Helix's Executive Chairman, stated, "Martin has been with the company
for over ten years and has played a prominent role in our rapid and profitable
growth. We credit him with many important strategic contributions, particularly
in regards to: acquisitions of Canyon Offshore and Remington Oil & Gas
Corporation; entry into the hub production facilities business; and
consolidation acquisitions of the Gulf of Mexico shelf diving business, followed
by a partial divestment in Cal Dive. We are appreciative to Martin for his work
and commitment to the company, and we wish him the best in his future
endeavors."