Bristow Group Inc. Announces Retirement of Its Chairman of the Board and Election of a New Chairman.HOUSTON -- Bristow Group Inc. (NYSE NYSE See: New York Stock Exchange :BRS BRS - Big Red Switch. This abbreviation is fairly common on-line. ) announced today the election of Mr. Thomas C. Knudson as the new chairman of the Bristow Board of Directors. Mr. Knudson replaces Mr. Kenneth M. Jones who retired as chairman and director effective Wednesday August 2, 2006. Mr. Jones was an original founder of the Company in 1969, and has served in many capacities over the past 37 years. He has retired several times in the past, but the Company requested he rejoin the board during periods when it needed his experience and leadership. Bristow was originally founded as Offshore Logistics, Inc., a marine transportation company operating 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 , but it quickly entered the aviation world in 1971. Mr. Jones led the Company in its expansion into international markets, which has resulted in creation of the largest helicopter transportation services company to the offshore oil and gas industry in the world. Mr. Jones also was instrumental in the leading the Company into production management services to the offshore energy industry through the acquisition of Grasso Production Management in 1992. William E. Chiles, president and chief executive officer of Bristow Group Inc. said, "We thank Ken for his strong leadership and contribution to the success of the Company over these many years. Hopefully, we can build on his accomplishments. To honor his legacy, we intend to name our new administration building at our New Iberia, Louisiana The city of New Iberia (French: La Nouvelle-Ibérie) is the parish seat of Iberia Parish, in the US state of Louisiana, 125 miles (201 km) west of New Orleans. [1] [2] regional headquarters after him once construction is completed. We wish Ken and his family the best of luck and continued success in the future." Mr. Knudson was elected chairman by the other members of the board of directors. He joined the board in June 2004, and has been a member of the Compensation Committee and the Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and Nominating Committee A nominating committee is a group formed usually from inside the membership of an organization for the purpose of nominating candidates for office within the organization. It works similarly to an electoral college, the main difference being that the available candidates, either . Following seven years of active duty as a U.S. Naval aviator and an aerospace engineer, Mr. Knudson joined ConocoPhillips in 1975. His diverse corporate career included engineering, operations, business development, and commercial assignments across a broad spectrum of ConocoPhillips businesses, including service as the Chairman of Conoco Europe Exploration and Production. Mr. Knudson retired from ConocoPhillips on January 1, 2004 as Senior Vice President, Human Resources, Government Affairs and Communications. Mr. Knudson also is a director of NATCO NATCO North American Transplant Coordinators Organization NATCO Northwest Aerospace Training Corporation NATCO Northern Area Transport Company (Pakistan) NATCO Navy Air Traffic Coordinating Officer Group, Inc., a leading provider of wellhead well·head n. 1. The source of a well or stream. 2. A principal source; a fountainhead. 3. The structure built over a well. wellhead Noun 1. process equipment, systems and services used in the production of oil and gas and a director of Williams Partners L.P., a provider of midstream natural gas processing Natural gas processing plants, or fractionators, are used to purify the raw natural gas extracted from underground gas fields and brought up to the surface by gas wells. The processed natural gas, used as fuel by residential, commercial and industial consumers, is almost pure and transportation services. "We welcome Tom as our chairman and look forward to his contributions and guidance as we focus on the growth of our business worldwide," Chiles added. Bristow Group Inc. is the leading provider of helicopter transportation services to the worldwide offshore energy industry based on number of aircraft operated. Through its subsidiaries, affiliates and joint ventures, the Company has major operations in the U.S. Gulf of Mexico and the North Sea, and operations in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, China, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico. The Company's Common Stock trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol BRS. |
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