Oceaneering Announces CFO Succession Plan with Alan Curtis to Retire in 2026.

Oceaneering International has announced a CFO succession plan with Alan R. Curtis retiring on January 1, 2026. Curtis has been with the company since 1995 and has served as CFO since 2015. President and CEO Rod Larson praised Curtis for his financial leadership and strategic insights.

Oceaneering International, Inc. (NYSE: OII) has announced a significant change in its executive leadership with the retirement of Alan R. Curtis, the current Chief Financial Officer (CFO), effective January 1, 2026. Curtis, who has been with the company since 1995, will retire after serving in various roles, including as CFO since 2015. His departure will be followed by a smooth transition led by Michael W. Sumruld, who will join Oceaneering as Senior Vice President of Finance on September 1, 2025, and is expected to succeed Curtis as CFO.

President and CEO Rod Larson praised Curtis for his financial leadership and strategic insights, noting that under his tenure, Oceaneering has consistently delivered steady shareholder returns and significantly enhanced its portfolio. Larson also highlighted Curtis's extensive knowledge of Oceaneering and his commitment to operational excellence and talent development.

M. Kevin McEvoy, Chairman of Oceaneering’s Board of Directors, echoed these sentiments, stating that Curtis has demonstrated integrity and a natural curiosity about the company's diverse services, products, and capabilities. McEvoy also noted that Curtis's passion for the business led to close partnerships with segment leaders, which strengthened the company's financial and organizational framework.

Sumruld, who 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, will bring extensive experience in investor relations, corporate development, treasury, finance and accounting, tax, financial planning and analysis, compliance, operations integrity, and information technology organizations. Prior to his time at Parker Drilling Company, Sumruld held positions at LyondellBasell Industries N.V. and at Baker Hughes Incorporated. He is a certified public accountant and holds a bachelor’s degree in accounting from the University of Houston and a Master of Business Administration from Texas A&M University.

Larson expressed excitement about Sumruld's appointment, noting that he knows Sumruld well from their work together at Baker Hughes. Larson also mentioned that Sumruld's strong, people-focused leadership and collaborative, business-oriented approach will be valuable in driving Oceaneering’s continued growth and shareholder value.

Oceaneering International is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.

References:
[1] https://www.businesswire.com/news/home/20250606239851/en/Oceaneering-Announces-CFO-Succession-Plan
[2] https://markets.ft.com/data/announce/detail?dockey=600-202506061701BIZWIRE_USPRX____20250606_BW239851-1
[3] https://www.marketscreener.com/quote/stock/OCEANEERING-INTERNATIONAL-13897/news/Oceaneering-Announces-CFO-Succession-Plan-50182126/