Deep Down Appoints New Independent Board Member

Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, informed that Mark Carden has joined its Board of Directors as an independent director, effective May 1, 2014.

Carden was a Partner at Coopers & Lybrand, LLP, now PricewaterhouseCoopers, LLP and held multiple senior-level financial positions from 1981 to 1999; he most recently served as Chief Operating Officer, Global Energy Assurance Practice. Additionally, Carden was one of three CPAs in the US selected to serve a two year fellowship at the Financial Accounting Standards Board from 1991 to 1993. Carden holds a BBA (graduated Cum Laude) from Texas A&M University. He is currently the Executive Pastor and Elder at Clear Creek Community Church.

Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “We are pleased to make this announcement about Mark joining our Board as an independent director. This is another major step in strengthening our corporate governance. Mark is a seasoned executive and will provide guidance as we continue to expand and grow our Company.”

Press Release, May 02, 2014

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