Oceaneering CFO Alan R. Curtis to Retire

By Philip Seaworth • Monday, June 09 10:02 • Permanent Link

Oceaneering International, Inc. (NYSE:OII) has announced a change in its Chief Financial Officer (CFO) position. Alan R. Curtis, who has been serving as the Senior Vice President & CFO, will retire from his position effective January 1, 2026. Curtis has had a long career with Oceaneering, starting as a financial controller in 1995 and holding various roles before becoming CFO in 2015.

In response to Curtis's retirement, President and CEO Rod Larson expressed gratitude for Curtis's financial leadership and strategic insights over the past decade. Under Curtis's leadership, the company has consistently delivered steady shareholder returns and significantly enhanced its portfolio. M. Kevin McEvoy, Chairman of Oceaneering’s board of directors, commended Curtis for his integrity and passion for the business, which led to close partnerships with segment leaders and initiatives that strengthened the company's financial and organizational framework.

To ensure a smooth transition, Michael W. Sumruld will join Oceaneering as Senior Vice President of Finance on September 1, 2025, and is expected to succeed Curtis as CFO upon his retirement. Sumruld, who most recently served as Senior Vice President and CFO for Parker Drilling Company, brings with him a wealth of experience in finance and leadership roles from his time at companies such as LyondellBasell Industries N.V. and Baker Hughes Incorporated.

Larson expressed his pleasure in welcoming Sumruld, highlighting their previous collaboration at Baker Hughes, where Sumruld demonstrated strong, people-focused leadership and a collaborative, business-oriented approach. The board is excited about Sumruld joining the management team to drive Oceaneering’s continued growth and shareholder value.

Oceaneering is a global technology company delivering engineered services and products, as well as robotic solutions, to the offshore energy, defense, aerospace, and manufacturing industries. Today the company's shares have moved 0.9% to a price of $20.26. For more information, read the company's full 8-K submission here.

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