American Oilfield Divers announces resignation of CFO Steven P. Weems; Company names Cathy M. Green as new Chief Financial Officer.LAFAYETTE, La.--(BUSINESS WIRE)--Jan. 8, 1996--George C. Yax, Chairman of the Board, President and Chief Executive Officer of American Oilfield Divers, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DIVE) announced today that Steven P. Weems, Vice President - Finance, Chief Financial Officer and director of the Company, has resigned his positions with the Company and intends to pursue other interests. Cathy M. Green has been appointed Chief Financial Officer of the Company. Green, who joined the Company in December, 1994 as its corporate controller, came to AOD See HD DVD. from the international public accounting firm of Price Waterhouse, L.L.P., where she was audit manager and with whom she had been employed since 1988. While at Price Waterhouse, Green served as AOD's outside audit manager for more than three years. Green brings to the position over eight years of broad financial experience, with particular emphasis in the oilfield services industry. Green, a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , graduated with honors from the University of New Orleans History UNO was founded in 1958 as the New Orleans branch of Louisiana State University, originally as "Louisiana State University in New Orleans" or "LSUNO", but became more independent and changed the name to "University of New Orleans" in 1974. with a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Accounting. "Green's knowledge of AOD and the oilfield services industry, coupled with her accounting and financial experience, proactive approach and enthusiasm will go a long way in assisting the Company achieve its financial goals and objectives," Yax said. American Oilfield Divers, Inc., is a leading provider of diving services, subsea products, marine construction and environmental services to the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , U.S. West Coast, internationally and to certain U.S. inland customers. CONTACT: American Oilfield Divers, Inc., Lafayette Greg Rosenstein, 318/234-4590 |
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