THE WOODLANDS, Texas, Nov. 2, 2009 (GLOBE NEWSWIRE) -- Trico Marine Services, Inc. (Nasdaq:TRMA) (the "Company" or "Trico") today announced that, effective November 1, 2009, Mads Bardsen will serve as the President of DeepOcean AS, the Company's subsea services division. Mr. Bardsen takes over responsibilities from Arne Wathne, who will remain at DeepOcean in a special projects and advisory role.
Mr. Bardsen has over 15 years of experience with subsea technology and subsea operations. From August 2008 until November 2009, Mr. Bardsen served in a strategic advisory role within the Trico Marine Group whereby he worked directly for the Chief Executive Officer, Mr. Joseph Compofelice, and acted as primary liaison between DeepOcean and the rest of the Trico Marine Group with respect to operations and strategic planning. From May 2002 to July 2008, he served in various roles at DeepOcean ranging from Engineering Manager to Director of Technology. Prior to then, he served as a senior project engineer for Stolt Offshore.
"Over the last 15 months," stated Mads Bardsen, "I have benefitted from the breadth of experience and global leadership within the Trico Marine Group to provide me with the necessary framework to broaden the scope of our subsea services into emerging markets around the world. I look forward to fulfilling our collective strategic vision and I am excited about the future prospects for DeepOcean and its personnel within the Trico Marine Group."
Joseph Compofelice, Chairman and Chief Executive Officer of the Company, commented, "The succession planning within DeepOcean is taking shape as originally contemplated yet with the added benefit of broader experience through the Trico Marine Group. Mads' technical expertise and global experience combined with his energy and passion for subsea services are the right balance for building a strong future for DeepOcean. This transition could not have been implemented without Mr. Wathne's tone from the top of creating an environment of acceptance and positive change within DeepOcean and I thank him for his continued contributions to the success of the Trico Marine Group."
About Trico Marine Group
The Trico Marine Group is an integrated provider of subsea, trenching and marine support vessels and services. Trico's Towing and Supply division provides a broad range of marine support services to the oil and gas industry through use of its diversified fleet of vessels including the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment, and support for the construction, installation, repair and maintenance of offshore facilities. Trico's Subsea Services and Subsea Protection divisions control a well equipped fleet of vessels and operate a fleet of modern ROVs and trenching and other subsea protection equipment. Trico Marine Services, Inc. is headquartered in The Woodlands, Texas and has a global presence with operations in the North Sea, West Africa, Mexico, Brazil and Southeast Asia as well as the Gulf of Mexico.
For more information about Trico Marine Services, Inc. visit us on the web at www.tricomarine.com.
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Certain statements in this press release that are not historical fact may be "forward looking statements." Actual events may differ materially from those projected in any forward-looking statement. There are a number of important factors involving risks and uncertainties beyond the control of the Company that could cause actual events to differ materially from those expressed or implied by such forward-looking statements. A description of risks and uncertainties relating to Trico Marine Services, Inc. and its industry and other factors, which could affect the Company's results of operations or financial condition, are included in the Company's Securities and Exchange Commission filings. Trico undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this report.