Oceaneering Names New Board Member

Oceaneering has appointed Steven A. Webster to its Board of Directors, effective today.

Webster is a director and Chairman of Carrizo Oil & Gas and Basic Energy Services and serves as a director on the boards of other energy-related companies.

He is also Co-Managing Partner and Co-CEO of Avista Capital Partners LP, a private equity firm, in charge of energy investments. Throughout his 40-year business career, Webster has been active in the energy industry, notably in the exploration and production and service sectors.

Webster has a Bachelor’s degree in Industrial Management and an honorary Doctorate degree in Management from Purdue University. He also holds a Master of Business Administration degree from the Harvard Business School, where he was a Baker Scholar.

Webster is joining Oceaneering’s Board following the decision by Jerold J. DesRoche to retire from the Board, effective at Oceaneering’s next Annual Meeting of Shareholders in May 2015.

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