US OSV owner Tidewater has appointed John Rynd as its new president and chief executive officer effective March 5.
Rynd will replace Larry Rigdon, who has been serving as interim president and chief executive officer since October 2017 when Jeffrey Platt retired.
Tom Bates, chairman of Tidewater, commented: “After completing a comprehensive search, the Board is very pleased to welcome John to the team. He brings with him considerable experience in the offshore drilling services sector and the global oil and gas industry as a whole. John’s experience, leadership and vision will be tremendous assets to Tidewater as we work to continue to strengthen the company’s position in this challenging market.”
Rynd was previously chief executive officer and president at Hercules Offshore between 2008 and 2016.
Tidewater emerged from chapter 11 last July after undergoing a restructuring process, a process Rynd is familiar with after putting Hercules Offshore through a restructuring under chapter 11 in 2015 only for it to file for chapter 11 again in June 2016 and sell off all its assets.