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Our
executive management team has an average of 20 years
of domestic and international marine transportation
industry-related experience. We believe that our team
has successfully demonstrated its ability to grow our
fleet through new construction and strategic acquisitions
and to secure profitable contracts for our vessels in
both favorable and unfavorable market conditions. Moreover,
our in-house engineering team has significant operating
experience that enables us to more effectively design
and manage our new vessel construction program, adapt
our vessels for specialized purposes, oversee and manage
the drydocking process and provide custom marine engineering
solutions to our customers. We believe this will continue
to result in a lower overall cost of ownership over
the life of our vessels compared to our competitors,
as well as a competitive advantage in securing contracts
for our OSVs as the benefits of our proprietary designs
and in-house engineering capabilities are recognized
by our customers.
Todd
M. Hornbeck, Chairman of the Board, President,
and Chief Executive Officer |
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Todd
M. Hornbeck has served as President and as a director since the company's formation
in June 1997. Until February 2002, he also served
as Chief Operating Officer. In February 2002,
he was appointed Chief Executive Officer. In May
2005 he was elected to the position of Chairman
of the Board. Mr. Hornbeck worked for the original
Hornbeck Offshore Services, Inc., a publicly traded
offshore service vessel company, from 1991 to
1996, serving in various positions relating to
business strategy and development. Following the
merger of Hornbeck Offshore Services, Inc. with
Tidewater in March 1996, he accepted a position
as Marketing Director—Gulf of Mexico with
Tidewater, where his responsibilities included
managing relationships and overall business development
in the U.S. Gulf of Mexico region. He remained
with Tidewater until our formation. Mr. Todd Hornbeck
currently serves on the Board of Directors of
both the National Ocean Industries Association
and the Offshore Marine Service Association, and
is a member of the International Support Vessel
Owners’ Association. Mr. Todd Hornbeck is
the son of Larry D. Hornbeck and serves as a Board
designee for himself and his brother, Troy A.
Hornbeck, in accordance with a stockholders’
agreement.
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| Carl
G. Annessa, Executive Vice President and Chief Operating
Officer |
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Carl
G. Annessa was appointed an Executive Vice President
in February 2005. Before that time, Mr. Annessa
acted as our Vice President of Operations, beginning
September 1997. In February 2002, he was also appointed
Chief Operating Officer. Mr. Annessa is responsible
for operational oversight and design and implementation
of our vessel construction programs. Prior to joining
us, he was employed for 17 years by Tidewater, Inc.
in various technical and operational management
positions, including management of large fleets
of OSVs in the Arabian Gulf, Caribbean and West
African markets, and was responsible for the design
of several of Tidewater’s vessels. Mr. Annessa
was employed for two years by Avondale Shipyards,
Inc. as a naval architect before joining Tidewater.
Mr. Annessa received a degree in naval architecture
and mechanical engineering from the University of
Michigan in 1979.
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James
O. Harp, Executive Vice President and Chief Financial
Officer |
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James
O. Harp, Jr. was appointed an Executive Vice President
in February 2005. Before that time, Mr. Harp served
as our Vice President from January 2001. He has
served as our Chief Financial Officer since January
2001. Before joining us, Mr. Harp served as Vice
President in the Energy Group of RBC Dominion Securities
Corporation, an investment banking firm, from August
1999 to January 2001 and as Vice President in the
Energy Group of Jefferies & Company, Inc., an
investment banking firm, from June 1997 to August
1999. During his investment banking career, Mr.
Harp worked extensively with marine-related oil
service companies, including as our investment banker
in connection with our private placement of common
stock in November 2000. From July 1982 to June 1997
he served in a variety of capacities, most recently
as Tax Principal, with Arthur Andersen LLP, and
had a significant concentration of international
clients in the oil service and maritime industries.
Since April 1992, he has also served as Treasurer
and Director of SEISCO, Inc., a privately-held seismic
brokerage company. |
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