Oceaneering elects Webster as new board member

Oceaneering International Inc. (NYSE: OII) has appointed Steven A. Webster to serve on its board of directors, effective March 17. 

Webster is a director and chairman of Carrizo Oil & Gas Inc. and Basic Energy Services Inc. and serves as a director on the boards of other energy-related companies. He is also co-managing partner and co-CEO of Avista Capital Partners LP, a private equity firm, in charge of energy investments. Throughout his 40-year business career, Webster has been active in the energy industry, notably in the exploration and production and service sectors.

Webster has a bachelor's degree in industrial management and an honorary doctorate degree in management from Purdue University. He also holds a Master of Business Administration degree from the Harvard Business School, where he was a Baker Scholar.

Webster is joining Oceaneering's board following the decision by Jerold J. DesRoche to retire from the board, effective at Oceaneering's next annual meeting of shareholders in May.

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