GulfMark Announces Promotion of Samuel R. Rubio to Chief Financial Officer
22 Février 2018 - 11:11PM
GulfMark Offshore, Inc. (NYSE American:GLF) ("GulfMark" or the
"Company") today announced that Samuel (Sam) R. Rubio will be
promoted to the position of Chief Financial Officer upon completion
of the filing of the Company’s Form 10-K. Sam will replace James
(Jay) M. Mitchell, who will transition his responsibilities to Sam
over the next several weeks.
Mr. Rubio joined GulfMark in 2005 and has continued to earn
increasing responsibilities within the organization, currently
holding the position of Senior Vice President – Controller and
Chief Accounting Officer. Sam became Vice President – Controller
and Chief Accounting Officer in 2008 and was promoted to Senior
Vice President in 2012. Sam has over 35 years of experience in
accounting at both operating division and corporate levels as well
as the management of accounting organizations. He holds a Bachelor
of Business Administration degree from Sul Ross State University.
Mr. Rubio is a Certified Public Accountant and a member of both the
American Institute of Certified Public Accountants and the Texas
Society of Certified Public Accountants.
Quintin Kneen, GulfMark’s President and Chief Executive Officer,
commented, “On behalf of the entire GulfMark team, I would like to
congratulate Sam on this well-deserved promotion. This is an
important milestone in the successful operational and financial
turnaround of our company. Following the restructuring, we
have one of the strongest balance sheets in the OSV industry and
have implemented operational changes that have lowered our cost
structure. As Sam assumes the CFO responsibilities we will be
implementing further improvements in the efficiency and cost
effectiveness of our operations. We are beginning to see improving
market conditions, and these improvements coupled with our lower
cost structure position GulfMark well to return to positive
earnings and cash flow.
“I also want to thank Jay for his help in completing the recent
financial restructuring and for providing a smooth transition
period for Sam. We wish Jay the best in his future endeavors.”
About GulfMark OffshoreGulfMark Offshore, Inc. is a leading
global provider of marine transportation services through a fleet
of offshore support vessels for the offshore energy industry.
Contact:Sam R. RubioE-mail: Sam.Rubio@GulfMark.com(713)
963-9522
Forward-Looking InformationThis press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact are, or may be deemed to be,
forward-looking statements. Forward-looking statements include,
without limitation, any statement that may project, indicate or
imply future results, events, performance or achievements, and may
contain or be identified by the words "anticipate," "will," "will
be" or other similar expressions that are intended to identify
forward-looking statements. In addition, any statement concerning
future financial performance, ongoing business strategies or
prospects are also forward-looking statements as so defined.
Statements in this press release that contain forward-looking
statements may include, but are not limited to, statements
concerning the filing of the Company’s Form 10-K, the promotion of
Mr. Rubio, the departure of Mr. Mitchell, future operational
improvements, future market conditions and future earnings and cash
flow. These forward-looking statements are based on GulfMark’s
current expectations and beliefs concerning future developments and
their potential effect on the Company. While management believes
that these forward-looking statements are reasonable as and when
made, there can be no assurance that future developments affecting
us will be those that we anticipate. All comments concerning our
expectations for future financial condition are based on our
forecasts for our existing operations. Our forward-looking
statements involve significant risks and uncertainties (many of
which are beyond our control) and assumptions that could cause
actual results to differ materially from our historical experience
and our present expectations or projections. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements include, but are not limited to: risks
of insufficient access to sources of liquidity; operational risk;
the price of oil and gas and its effect on offshore drilling,
vessel utilization and day rates; industry volatility; fluctuations
in the size of the offshore marine vessel fleet in areas where we
operate; changes in competitive factors; and other material factors
that are described from time to time in the Company’s filings with
the SEC, including GulfMark’s Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. Consequently,
these forward-looking statements should not be regarded as
representations that the projected or anticipated outcomes can or
will be achieved. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements.
These forward-looking statements speak only as of the date hereof.
We expressly disclaim any obligation or undertaking to publicly
update or revise any forward-looking statements after the date they
are made, whether as a result of new information, future events or
otherwise.
Gulfmark Offshore New (delisted) (NYSE:GLF)
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