KURZ NAMED CHAIRMAN OF SEABULK INTERNATIONAL
Seabulk International inc. has elected Gerald E. Kurz, president and chief executive officer, to the additional title of chairman.
Kurz has been CEO since April 2000. He replaces James J. Gaffney who resigned, along with three other directors, last month as part of a restructuring of the board. The restructuring permitted the company's new investors to designate a majority — six of 10 seats — on the board.
The new investors, which represent a combined 72 percent of the fully diluted shares of common stock of the company, include Nautilus Acquisition L.P., and Carlyle/Riverstone Investment Partnerships.