Koil Energy Solutions Inc. (KLNG)

[jas1n]

Deep Down announces management changes
22 minutes ago - Datamonitor



As of 9:30 AM ET 4/6/09
Deep Down, a provider of services to oil and gas companies, has appointed Michael Newbury as corporate business development manager, and Matthew Todd for corporate sales, to further support its offshore corporate business development activities.

Mr Newbury brings to Deep Down more than 19 years of experience and relationships in offshore business development, sales and marketing, and subsea service project support.

Before joining Deep Down, Mr Newbury held various business development and operational positions with such companies as Subsea 7, Halliburton Subsea, Subsea International, and Subsea Offshore.

Mr Todd is formerly from Global Industries where his responsibilities included business development for installation services, dive support, and ROV services in the Gulf of Mexico. Mr Todd will initially focus on mobilizing Deep Down's fleet of light and medium class electric remote operating vehicles (ROVs) on offshore platforms, drill rigs, and vessels, thereby offering its customers lighter and lower-cost ROV support services.

Bradley Parro, vice president of operations at Deep Down, said: "We hired Mike and Matt to help us make the most of our rising offshore sales and business development opportunities. They will be responsible for enhancing our global reach and marketing our entire scope of subsea services and technologies to both new and existing customers."