Atwood Oceanics, Inc., a drilling contractor, announced today that Mark W. Smith has been appointed as the company’s Senior Vice President and Chief Financial Officer.
To remind, Atwood’s previous CFO, Mark Mey, recently resigned from his position for the same one with another drilling contractor, Transocean.
The company says that Smith will report directly to Rob Saltiel, President and Chief Executive Officer, and will have responsibility for the company’s global financial operations. According to Atwood, the appointment has been approved by Atwood’s Board of Directors and was effective June 3, 2015.
Rob Saltiel remarked, “We are very pleased to appoint Mark Smith as our Senior Vice President and Chief Financial Officer. Mark’s financial acumen, high energy level and continuous service with our company will serve him well in advancing Atwood’s financial strategy and in communicating with our investor base. I look forward to working with Mark in his new and expanded role.”
Mark W. Smith commented, “I appreciate the opportunity to lead Atwood’s financial function, and my team will strive to deliver market-leading performance for our shareholders through our collective efforts. Atwood’s strong balance sheet and keen focus on cost discipline will aid us greatly during the current industry downturn.”
On May 27, 2015, Smith was appointed as Chief Financial Officer on an interim basis. Prior to this, he served as Vice President, Chief Accounting Officer and Controller since May 2014 and in other finance and administrative roles since joining the company in February 2009. Including his service to the company, Smith has over 20 years’ experience in the financial, consulting and energy industries.