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Hercules Offshore Names Bates As Chairman

c-level_225px-w_bwDecember 9, 2009 (FinancialWire) — Hercules Offshore, Inc. (NASDAQ: HERO) said that chairman John T. Reynolds submitted his resignation from the company’s board, effective December 31. Thomas R. Bates, Jr., who has been a director of Hercules Offshore since the company’s inception in 2004, will assume the role of chairman upon Reynolds’ departure.

According to Hercules, Reynolds is stepping down to focus on other business interests and his role as co-founder and managing director of Lime Rock Management.

Bates previously served as president of the discovery group of Baker Hughes (NYSE: BHI), president and CEO of Weatherford/Enterra, and as president of Anadrill at Schlumberger, among other positions.

Houston-based Hercules Offshore operates a fleet of 30 jackup rigs, 17 barge rigs, 65 liftboats, three submersible rigs, one platform rig and a fleet of marine support vessels, and has operations in nine different countries on three continents.

The company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in shallow waters.

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