Oceaneering Executive, Marvin J. Migura to step down to senior V.P. at the end of 2015

HOUSTON -- Oceaneering International has announced that Marvin J. Migura has decided to relinquish his position as executive V.P. effective Dec. 31.

Migura will continue to serve as a senior V.P., reporting to CEO M. Kevin McEvoy, and remain a part of the executive management team at least through the end of 2016.

Migura joined Oceaneering in 1995 as senior V.P. and CFO and was appointed to the position of executive V.P. in 2011. During his tenure, he has contributed significantly to the improvements in financial performance Oceaneering has achieved, as evidenced by a compound annual growth rate in revenue of 15% and net income of 25% through 2014.

M. Kevin McEvoy, CEO, stated, "Marvin has been an integral member of the executive leadership team at Oceaneering since he joined the company. I truly enjoy working with him and look forward to his continued involvement in the company's strategic decision-making process and in investor relations. Furthermore, Marvin's gradual move toward retirement will help assure a smooth transition to our recently announced senior-level management changes."

Coincident with Migura's role change, Alan R. Curtis, senior V.P. and CFO, and Eric A. Silva, senior V.P. Operations Support, will report directly to the CEO.