Tidewater has promoted Sam Rubio to be its Chief Financial Officer. He is currently the Chief Accounting Officer and replaces Quintin Kneen, who was promoted from CFO to CEO in September 2019. At the time the company said that the Board intended to conduct a search for a new CFO.
Tidewater provides offshore marine support and transportation services to the offshore energy industry. In 2020 it had revenues of almost $400 million and it currently has a market capitalization of $577 million. It moved its head office from New Orleans to Houston in 2018, shortly after exiting Chapter 11 bankruptcy.
In late 2018, Tidewater acquired GulfMark Offshore for $385 million. Mr. Rubio had been appointed the CFO of GulfMark a few months earlier in 2018. He joined GulfMark in 2005 and became its Chief Accounting Officer in 2008.
No new financial compensation for Mr. Rubio was disclosed.