Oceaneering International, Inc. (NYSE: OII) has announced a Chief Financial Officer (CFO) succession plan. Alan R. Curtis, the current Senior Vice President & CFO, will retire from his position effective January 1, 2026. Curtis, who began his career with Oceaneering in 1995, has served as CFO since 2015.
Upon Curtis's retirement, Michael W. Sumruld will take over as the CFO. Sumruld will join Oceaneering as Senior Vice President of Finance on September 1, 2025, and is expected to succeed Curtis as CFO. Sumruld most recently served as Senior Vice President and CFO for Parker Drilling Company until its sale to Nabors Industries Ltd. in March 2025.
Under Curtis's leadership, Oceaneering has consistently delivered steady shareholder returns and significantly enhanced its portfolio. The company has also strengthened its financial and organizational framework under his guidance.
This CFO succession plan comes as Oceaneering continues to drive its financial and technological growth. It reflects the company's commitment to an orderly transition of duties and its focus on continued growth and shareholder value.
Oceaneering International, Inc. is a global technology company that delivers engineered services and products as well as robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries. Following these announcements, the company's shares moved 0.9%, and are now trading at a price of $20.26. For the full picture, make sure to review OCEANEERING INTERNATIONAL INC's 8-K report.
