SEACOR Marine Welcomes Experienced Leader to Its Board

SEACOR Marine Expands Board of Directors

SEACOR Marine Holdings Inc. (NYSE: SMHI), a prominent provider of marine and support transportation services to offshore energy facilities, recently revealed a significant update regarding its Board of Directors. The board has expanded from five to six members with the addition of Lisa P. Young, bringing her rich experience to the team.

Lisa P. Young: A Seasoned Professional

Lisa P. Young joins the board as an independent member, drawing from an impressive career that spans over 36 years in public accounting and professional services. Her expertise was sharpened during her time as a senior partner at Ernst & Young, where she took on numerous leadership roles, notably as a Senior Global Client Service Partner until 2021. Young's commitment to effective governance and financial oversight is evident through her extensive record of service on various boards.

Recent Board Roles

Recent appointments showcase Young's capability in the boardroom. Since December 2023, she has participated as a board member as well as the audit committee chair of Valo Health, Inc., a technology company known for leveraging data analytics and artificial intelligence in therapeutic development. Furthermore, she has been serving on the board of Accelus Inc. since January 2022, where she leads the audit and finance committee and contributes to the nominating and governance committee.

Broader Contributions

Her dedication to the community extends to her involvement with various organizations. Young holds the position of advancement chair of the board of trustees for the Columbus Museum of Art and is actively engaged as a member and finance chair on the board of directors for the Dallas Black Dance Theatre and FringeArts in Philadelphia. Additionally, she contributes to the advisory council of the Texas Tech University Rawls College of Business. Young is a Certified Public Accountant and holds a Bachelor's in Business Administration with a focus on Finance and Accounting from Texas Tech University.

Company Leadership Insight

Andrew Morse, the Chairman of the Board, has expressed excitement about Young joining their ranks. In a statement reflecting the board's sentiments, he remarked, "On behalf of the Board, I extend a warm welcome to Ms. Young. Her vast experience and proven leadership will undoubtedly enhance our strategic direction and success as a company." This sentiment underlines the board’s commitment to guided growth and influence in the maritime industry.

Overview of SEACOR Marine's Services

SEACOR Marine remains at the forefront of providing marine and support transportation services on a global scale. The company operates a diverse fleet of offshore support vessels, enabling efficient delivery of cargo and personnel to offshore energy installations, including vital offshore wind farms. Their services encompass a broad spectrum ranging from assisting with operations for production and storage facilities to supporting decommissioning processes and emergency response operations.

Commitment to Excellence

The team at SEACOR Marine continuously strives to uphold high standards of service, ensuring that operations not only meet but exceed client expectations. Their vessels are designed to handle various tasks, including underwater drilling activities, maintenance, and repair operations, showcasing the company's adaptability to evolving industry demands.

Future Aspirations

As SEACOR Marine looks to the future, the integration of talented individuals like Lisa P. Young into its leadership fosters a proactive approach to addressing industry challenges. The company’s commitment to enhancing its board with experienced professionals indicates a focus on innovative solutions and sustainable practices in the offshore energy sector.

Frequently Asked Questions

What prompted SEACOR Marine to expand its Board of Directors?

The expansion aims to enhance governance and leverage diverse expertise, particularly with the addition of Lisa P. Young as an independent member.

What experience does Lisa P. Young bring to the Board?

Ms. Young brings 36 years of experience from public accounting and professional services, including her leadership role at Ernst & Young.

How does SEACOR Marine support offshore energy operations?

SEACOR Marine offers a wide array of services, including transportation, decommissioning support, and emergency response through its diverse fleet.

What other organizations does Ms. Young serve on the board of?

Ms. Young is also a member of the boards of Valo Health, Inc. and Accelus Inc., contributing her expertise in audit and governance roles.

What is SEACOR Marine's commitment to sustainability?

SEACOR Marine is dedicated to integrating sustainable practices in their operations while adapting to the evolving needs of the offshore energy sector.

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