GulfMark Offshore Elects Two New Board Members

GulfMark Offshore Elects Two New Board Members

HOUSTON, Sept. 18, 2013 (GLOBE NEWSWIRE) -- GulfMark Offshore, Inc. (NYSE:GLF)
today announced the election of Steven W. Kohlhagen and Charles K. Valutas to
its Board of Directors for terms expiring in June 2014.

Steven W. Kohlhagen is a retired financial executive who brings to the Board
expertise in financial accounting, finance and risk management through his
extensive experience in, and knowledge of, the financial, securities and
foreign exchange markets. He has held various positions in the private sector,
including investment banking, asset management, and most recently as a
consultant with AMETEK, Inc.He currently serves on the Board of Directors,
the Business and Risk Committee and the Compensation Committee of Freddie
Mac.He also serves on the Boards of Directors for Abtech Holdings, Inc.,
Reval Inc. and AMETEK, Inc., the Advisory Board of Stanford Institute for
Economic Policy Research at Stanford University, the Board of Advisors at
Roper St. Francis Cancer Center and the Front Office Advisory Board at
Bloomberg Sports.

Charles K. Valutas has over 30 years' experience in the energy business.From
1979 – 2008, Mr. Valutas held various positions with Sunoco Inc., a large
publicly held oil company, holding the positions of Sales and Product Manager,
Vice President and General Manager, and most recently retiring as Senior Vice
President and Chief Administrative Officer.Mr. Valutas servesas a Board
member forthe Philadelphia Orchestra, Drexel University, Drexel University
College of Medicine, and the Chemical Heritage Foundation. Prior to his
experience with Sunoco Inc., Mr. Valutas worked as a Certified Public
Accountant for Arthur Andersen and Co. 

Concurrent with the election of the new directors, the GulfMark Board of
Directors elected to make changes in the composition of its established
committees.The Compensation Committee now consists of Mr. David J. Butters
(Chairman), Mr. Sheldon S. Gordon, Mr. Kohlhagen and Mr. Valutas.Mr.
Kohlhagen and Mr. Valutas are new to this committee and Mr. Peter I. Bijur and
Mr. Rex C. Ross rotated off this committee.The Audit Committee now consists
of Mr. Brian R. Ford (Chairman), Mr. Bijur, Mr. Gordon, Mr. Ross and Mr.
Kohlhagen. In addition to Mr. Kohlhagen, Mr. Ross is new to this
committee.The Governance & Nominating Committee now consists of Mr. Bijur
(Chairman), Mr. Ross, Mr. Ford, and Mr. Valutas.Mr. Gordon rotated off this
committee and, along with Mr. Valutas, Mr. Ford is new to this committee.

GulfMark Offshore, Inc. provides marine transportation services to the energy
industry through a fleet of offshore support vessels serving major offshore
energy markets in the world.

Certain statements and information in this press release may constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "believe," "expect," "anticipate,"
"plan," "intend," "foresee," "should," "would," "could" or other similar
expressions are intended to identify forward-looking statements, which are
generally not historical in nature. These forward-looking statements are based
on our current expectations and beliefs concerning future developments and
their potential effect on us. While management believes that these
forward-looking statements are reasonable as and when made, there can be no
assurance that future developments affecting us will be those that we
anticipate. All comments concerning our expectations for future revenues are
based on our forecasts for our existing operations. Our forward-looking
statements involve significant risks and uncertainties (some of which are
beyond our control) and assumptions that could cause actual results to differ
materially from our historical experience and our present expectations or
projections. Factors that could cause actual results to differ materially from
those in the forward-looking statements include, but are not limited to: the
price of oil and gas and its effect on offshore drilling, vessel utilization
and day rates; industry volatility; fluctuations in the size of the offshore
marine vessel fleet in areas where the Company operates; changes in
competitive factors; delays or cost overruns on construction projects, and
other material factors that are described from time to time in the Company's
filings with the SEC, including the Company's Annual Report on Form 10-K for
the year ended December 31, 2012, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K. Consequently, the forward-looking statements contained
herein should not be regarded as representations that the projected outcomes
can or will be achieved. These forward-looking statements speak only as of the
date hereof. We undertake no obligation to publicly update or revise any
forward-looking statements after the date they are made, whether as a result
of new information, future events or otherwise.

CONTACT: Michael Newman
         Investor Relations
         E-mail: Michael.Newman@GulfMark.com
         (713) 963-9522

GulfMark Offshore, Inc. Logo
 
Press spacebar to pause and continue. Press esc to stop.