Oceaneering International CFO Succession Plan

By Bobby Samwell • Saturday, June 07 10:11 • Permanent Link

Oceaneering International, Inc. (NYSE: OII) has announced a chief financial officer ("CFO") succession plan, with Alan R. Curtis, the current senior vice president & CFO, set to retire from his position effective January 1, 2026. Mr. Curtis has been with Oceaneering since 1995 and has served as CFO since 2015. Under his leadership, the company has consistently delivered steady shareholder returns and significantly enhanced its portfolio.

Upon Mr. Curtis's retirement, Michael W. Sumruld will join Oceaneering as senior vice president of finance on September 1, 2025, and is expected to later succeed Mr. Curtis as CFO. Mr. Sumruld most recently served as senior vice president and CFO for Parker Drilling Company from October 2017 until its sale to Nabors Industries Ltd. in March 2025. Prior to that, he held positions at LyondellBasell Industries N.V. and at Baker Hughes Incorporated.

Mr. Sumruld's appointment has been met with enthusiasm from Oceaneering's leadership, with President and CEO Rod Larson expressing confidence in Mr. Sumruld's ability to drive the company's continued growth and shareholder value.

Oceaneering International, Inc. is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. The market has reacted to these announcements by moving the company's shares 0.9% to a price of $20.26. For more information, read the company's full 8-K submission here.

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