Oceaneering announces Rod Larson as Senior Vice President and Chief Operating Officer

Source: Oceaneering International, Inc.

Oceaneering International, Inc. (NYSE:OII) announced that Roderick A. Larson has agreed to join Oceaneering as Senior Vice President and Chief Operating Officer. His employment is anticipated to commence no later than the end of May 2012.

Mr. Larson will have worldwide responsibility for all of Oceaneering’s oilfield business operations. In 2011 these accounted for approximately 90 percent of Oceaneering’s revenue and 95 percent of its operating income.

Mr. Larson has over 20 years of oilfield service business experience with Baker Hughes Incorporated (NYSE:BHI), initially as a field engineer for Baker Atlas. Since January 2011, he has been serving as Baker Hughes’ President, Latin America Region, a business operation with annual revenue of over $2 billion. Previously he served as Vice President of Operations, Gulf of Mexico Region. He has a Bachelor’s degree in engineering and a Master’s degree in business administration.

M. Kevin McEvoy, President and Chief Executive Officer, stated, “We are very pleased to have Rod join Oceaneering. His demonstrated leadership and business perspective adds depth to our management team as we grow our current subsea services and products in response to escalating demand, and endeavor to expand our business line offerings.”


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