TODCO Appoints One New Independent Director.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--April 26, 2004 TODCO TODCO Technical Order Distribution Control Office (the "Company") (NYSE NYSE See: New York Stock Exchange :THE) today reported the appointment of one new independent director, Mr. Thomas M Hamilton, to take office on May 10, 2004, increasing the number of directors from eight to nine. Mr. Hamilton served as the Chairman, President and Chief Executive Officer of EEX EEX European Energy Exchange EEX Enter Exponent Corporation from January 1997 until his retirement in November 2002. From 1992 to 1997, Mr. Hamilton served as Executive Vice President of Pennzoil Company and as President of Pennzoil Exploration and Production Company. Mr. Hamilton was a director of BP Exploration, where he served as Chief Executive Officer of the Frontier and International Operating Company operating company A business that engages in transactions with outsiders. of BP Exploration from 1989 to 1991 and as the General Manager for East Asia/Australia/Latin America from 1988 to 1989. From 1985 to 1988, he held the position of Senior Vice President of Exploration at Standard Oil Company, prior to its being merged into BP. Mr. Hamilton is also a Director of FMC Technologies Inc. TODCO is a leading provider of contract oil and gas drilling services with the largest rig fleet in the shallow water of 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 and along the U.S. Gulf Coast. TODCO's class A common stock is traded 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 "THE". TODCO is a majority-owned subsidiary of Transocean Inc. For more information about TODCO, please go to the company's Web site at www.theoffshoredrillingcompany.com. |
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