Cal Dive CFO Takes on New Role to Lead Eastern Hemisphere Business.HOUSTON -- Cal Dive International, Inc. (NYSE NYSE See: New York Stock Exchange :DVR (1) (Digital Video Recorder) A device that records video onto a hard disk from one or more ceiling mounted video cameras. Part of a security system, the DVR typically supports 4, 8 or 16 separate camera channels. ) announced today that G. Kregg Lunsford, who has served as Executive Vice President, Chief Financial Officer and Treasurer of the Company since January 2006, has been named the Executive Vice President - Eastern Hemisphere Eastern Hemisphere Part of the Earth east of the Atlantic Ocean. It includes Europe, Asia, Australia, and Africa. Longitudes 20° W and 160° E are often considered its boundaries. , based in Singapore. This move highlights the Company's commitment to its international growth strategy in regions including the Middle East, Mediterranean, Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. , India, China and Australia. Mr. Lunsford joined the Company in February 2003 and has been instrumental in the acquisition growth and associated integration of Cal Dive's business over the past four years. He has also built a strong financial department and led the implementation of excellent financial controls and risk management systems. Mr. Lunsford will retain his current role and responsibilities for an interim period while a search by the Company for a new Chief Financial Officer is underway. The Company also announced that Jon Minshall, currently serving as Director of Quality, will serve as Vice President of Projects and Operations - Eastern Hemisphere, based in Singapore. Mr. Minshall joined the Company in 2002 and has over 20 years of project management and operational experience working extensively internationally. Quinn Hebert, President and Chief Executive Officer of Cal Dive, stated, "Kregg has done an outstanding job as CFO See Chief Financial Officer. for the Company and now the time has come to move him into an executive operating role where we can capitalize on his experience and leadership in regions we have targeted for strategic growth. We want to put our most capable leaders in positions to have the most significant impact on the Company and these executive moves accomplish this objective. We look forward to continued success in the Eastern Hemisphere with this leadership team." Cal Dive International, Inc., headquartered in Houston, Texas, is a marine contractor that provides an integrated offshore construction solution to its customers, including manned diving, pipelay and pipe burial, platform installation and platform salvage services to the offshore oil and natural gas industry on the 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 OCS OCS - Object Compatibility Standard , Northeastern U.S., Latin America, Southeast Asia, Australia, the Middle East, India and the Mediterranean, with a fleet of 31 vessels, including 21 surface and saturation diving support vessels and 10 construction barges. |
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