Torch Offshore appoints new Director
Posted: 23 October 2003
Torch Offshore, Inc. has appointed Richard J. (Jere) Shopf to serve
as a member of the Company's Board of Directors effective immediately.
In addition, Mr. Shopf will serve as the Chairman of the Audit Committee
and as a member of the Compensation Committee.
Mr. Shopf currently serves as the Chairman, Senior Vice President
and Chief Restructuring Officer of Babcock & Wilcox, a McDermott
Company, and has been in that position since 1999.
In addition, Mr. Shopf serves as the Chairman of RPM Management
Company. Prior to these roles, Mr. Shopf had executive positions
with Pioneer Americas, Inc., Southwest Business Associates, Inc.,
Rice Capital Corporation/First Texas Merchant Banking Group, Halter
Marine, Inc., Republic Drilling and Service, Inc., and Newpark Resources,
Inc.
Mr. Shopf also serves as a member of the board of directors of
other companies, including Evans Industries and C.F. Bean Companies.
Mr. Shopf has an MBA from Harvard University and a Bachelor of Science
in mechanical engineering from the Massachusetts Institute of Technology.
Lyle G. Stockstill, Torch Offshore, Inc. Chairman and Chief Executive
Officer, commented, "We are quite pleased to bring Jere on
as a member of the Board of Directors. Jere has an extensive business
background with a great deal of experience in serving on the board
of directors of other companies. We welcome Jere aboard and look
forward to his contributions assisting in the growth and strategic
development of Torch Offshore, Inc."
Established in 1978, Torch Offshore, Inc. is involved in offshore
pipeline installation and subsea construction for the oil and natural
gas industry. Torch Offshore, Inc. is expanding beyond its established
shallow water niche market in order to serve the industry's worldwide
growing needs in the deep waters.
For more information see http://www.torchinc.com.
Posted by Richard Price,
Editor Pipeline Magazine
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