TransCoastal Appoints Nathan M. Avery Chairman and CEO
>> Any thoughts on how this might affect TCMS in the near/long term?
>> Thanks
HOUSTON--(BUSINESS WIRE)--Nov. 16, 1998--TransCoastal Marine Services Inc. (Nasdaq:TCMS - news) today announced that it has appointed Nathan M. Avery as Chairman and CEO of the Company. Mr. Avery, who is Chairman and CEO of Galveston-Houston Company and currently serves as a director of TransCoastal, replaces Mr. Bill Stallworth, age 66, who resigned from the Company for personal reasons. Mr. Avery has been actively involved in the energy service industry for 35 years, including serving as CEO of a NYSE company for over 20 years.
Mr. Avery stated, ''I am looking forward to becoming actively involved in TransCoastal's operations. I want to express the Company's appreciation to Mr. Stallworth for his dedication and contributions to its progress.''
TransCoastal Marine Services Inc., headquartered in Houston, is a marine construction company. The Company's Pipeline and Offshore Services division performs pipeline installation and repair, primarily in transition zone and shallow-water regions worldwide. For all water depths, the division provides additional construction support services, including hydrostatic testing and commissioning of pipelines. Wholly-owned subsidiaries, The Red Fox Companies of New Iberia Inc. and Dickson GMP International Inc., fabricate, refurbish and install offshore drilling rigs, barge drilling rigs, production platforms and related fabrication services. |
