Bristow Group Inc. Announces New Officers and Retirement of Bill Donaldson
Bristow Group Inc. (NYSE:BRS) announced today the appointments of Michael J. Simon as Senior Vice President of Production Management and Mark H. Frank as Vice President of Planning.
Bill Donaldson, President of Grasso Production Management and Senior Vice President of Bristow Group, will retire effective March 31, 2007. Bill joined Grasso Production Management in 1995 after 30 years prior service in the oil & gas industry. William E. Chiles, President and CEO, stated, "We thank Bill for his strong leadership and contribution to the success of the Company over the past 12 years. Under Bill's leadership Grasso has enjoyed 120% growth and we expect to continue to build Grasso in his tradition. Bill's experience and integrity helped see Bristow through many changes, particularly over the past several years. We wish Bill and his family the best and continued success. He will be missed by everyone at Bristow."
Mr. Chiles also stated "I am excited to announce Mike and Mark's appointments as officers. Mike has been transitioning to his new role since joining Grasso in August 2006. Mike's extensive energy experience, including as a customer of Grasso for a number of years along with his recent role as Grasso's Executive Vice President, have prepared him to take the lead role in our production management division. Mark has been our Director of Planning and Budgeting since joining Bristow in March 2006. His extensive experience with large, international, oil and gas companies has already been a significant asset to our organization over the last year. As Vice President, Mark will be actively involved in strategic decisions including our growth through aircraft and business acquisitions."
Mike Simon has been promoted to President of Grasso Production Management and Senior Vice President of Production Management for Bristow Group Inc. effective April 1. Mr. Simon joined Grasso in August 2006 as Executive Vice President. He has over 30 years experience in oil & gas operations, both onshore and offshore, with Gulf Oil Co., Sonat Exploration Co. and Houston Exploration Co.
Mark Frank has 22 years of business experience. Prior to joining Bristow, Mr. Frank was a Director with Sirius Solutions L.L.L.P. since 2004 and provided financial consulting services to public companies, including international oilfield equipment manufacturing and drilling companies. Before joining Sirius Solutions, Mr. Frank was a Partner in Sense Corp, a data warehousing and systems integration firm. Prior to that, Mr. Frank held various financial positions with energy related companies and began his career in public accounting with Ernst & Young.
Bristow Group Inc. is the leading provider of helicopter services to the worldwide offshore energy industry based on number of aircraft operated. Through its subsidiaries, affiliates and joint ventures, the Company has major operations in the U.S. Gulf of Mexico and the North Sea, and operations in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. The Company's Common Stock trades on the New York Stock Exchange under the symbol BRS.
Forward-Looking Statements Disclosure
Statements contained in this news release that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings, including but not limited to the Company's annual report on From 10-K for the year ended March 31, 2006, and the Company's reports on Form 10-Q for the quarters ended June 30, 2006, September 30, 2006, and December 31, 2006. Bristow Group Inc. disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events or otherwise.
Source: Bristow Group Inc.
Released March 30, 2007