- After six years on the job
- Praise for McEvoy
(management-change.com) — Houston, Texas, February 15, 2017 — Kevin McEvoy, chief executive of Oceaneering, hands over the reins. As announced by Oceaneering International, Inc. in a news release and in a regulatory filing published on Wednesday, February 15, 2017, M. Kevin McEvoy leaves the post as Chief Executive Officer at the subsea engineering and applied technology company after six years on the job, effective May 05, 2017.
McEvoy’s duties are taken over by Rod Larson, currently President at Oceaneering International, Inc.
Oceaneering said: “Roderick A. Larson, who currently serves as Oceaneering’s President, has been designated to succeed M. Kevin McEvoy as Chief Executive Officer …, immediately following Oceaneering’s 2017 Annual Meeting of Shareholders, which is scheduled to be held on May 5, 2017.”
Oceaneering further said: McEvoy “will retire from his position as Chief Executive Officer … immediately following Oceaneering’s 2017 annual meeting of shareholders”.
Share price decline
The change follows a decline in the share price of Oceaneering International, Inc. since October 2013.
Chaired by John R. Huff
Oceaneering International, Inc. is chaired by John R. Huff.
Huff has been Chairman of Oceaneering’s Board of Directors since 1990.
On the job as CEO since 2011
McEvoy has been Chief Executive Officer of Oceaneering since May 2011.
McEvoy joined Oceaneering in 1984, when we acquired Solus Ocean Systems, Inc.
Since 1984, he has held various senior management positions in each of our operating groups.
He was appointed Executive Vice President in 2006, with the additional position of Chief Operating Officer in 2010, and President from May 2011 to February 2015.
McEvoy has been a director of Oceaneering since May 2011.
McEvoy will continue serving on Oceaneering’s board as a Class III Director until at least May 2019.
Read the full story in the management-change.com report 08.2017 ($).