Tidewater elects Paterson to board of directors

Tidewater Inc.

Tidewater Inc. (NYSE:TDW) has elected Richard D. Paterson to its board of directors for a term beginning Nov. 13 and expiring in July 2015.

Paterson is a certified public accountant who retired from PriceWaterhouseCoopers LLP (PwC) in 2011 after 37 years of service. At the time of his retirement, he served as the global leader of PwC's consumer, industrial products, and services practices comprising the automotive, consumer and retail, energy utilities and mining, industrial products, pharmaceutical and health industry sectors. These practices comprised roughly half of PwC's global revenues. Paterson also served as managing partner of PwC's Houston office and US energy practice. As part of this role, he oversaw the audits of ExxonMobil Corp. from 2002 to 2006. 

Previous to this position, Paterson lived in Moscow, where he led PwC's energy practice for Europe, the Middle East, and Asia, and also managed the audit processes of OAO Gazprom. He joined PwC in 1974 and was admitted as a partner in 1987.  Since his retirement, Paterson continues to provide consulting services to PwC firms and partners internationally. He holds extensive knowledge of the energy industry and energy value chain, and is a frequent speaker at the World Energy Congress and World Petroleum Congress.

Paterson is a member of the National Association of Corporate Directors and serves on the boards of Parker Drilling Co., Eclipse Resources Corp., and Saipem Canada Inc. He is a past board member of Zaff GP LLC, the US/Russia Business Council, and the US Energy Association.

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