Tesco Corporation Announces Departure of Anthony Tripodo; Robert Kayl to be
Appointed Acting Chief Financial Officer
Trading Symbol: "TESO" on NASDAQ "TEO" on TSX
HOUSTON, June 11 /PRNewswire-FirstCall/ - Tesco Corporation ("TESCO" or
"the Company") today announced that Anthony Tripodo, Executive Vice President
and Chief Financial Officer is leaving his position effective June 25, 2008 to
assume the position of Executive Vice President and Chief Financial Officer of
Helix Energy Solutions Group, Inc. Julio Quintana, President and Chief
Executive Officer of Tesco Corporation said, "Tony has made an outstanding
contribution at TESCO, and we wish him great success in his new position.
Effective upon Tony's departure, Robert Kayl, TESCO's Vice President and
Controller, has been named acting Chief Financial Officer. Bob has played a
key role in advancing TESCO's financial function in the last few years. We are
quite confident that Bob will perform capably in this role while the Company
undertakes a process to select a successor Chief Financial Officer."
Mr. Robert L. Kayl, 37, has served as TESCO's Vice President and Corporate
Controller since August 2007. He has been the Company's principal accounting
officer since April 8, 2008. Prior to assuming his current position, Mr. Kayl
worked for one of the Company's subsidiaries as the Vice President, Tax and
Treasury from September 2006 until August 2007 and as Vice President, Tax and
Strategic Planning from September 2005 until September 2006. Prior to joining
the Company in 2005, Mr. Kayl worked for Noble Drilling Services Inc., a
subsidiary of Noble Corporation, as Tax Director.
Tesco Corporation is a global leader in the design, manufacture and
service of technology based solutions for the upstream energy industry,
including Top Drives, the Casing Drive System(TM) and other rig floor
solutions. The Company's strategy is to change the way people drill wells by
delivering safer and more efficient solutions that add real value by reducing
the costs of drilling for and producing oil and gas.
FORWARD-LOOKING STATEMENTS
This release contains statements that may constitute "forward-looking
statements" within the meaning of the US Private Securities Litigation Reform
Act of 1995. These statements include, among others, statements regarding
expectations of future revenues, activities, capital expenditures and earnings
and technical results. These statements are based on current expectations that
involve a number of risks and uncertainties, which could cause actual results
to differ from those anticipated. These risks include, but are not limited to:
the background risks of the drilling services industry (e.g. operational
risks; potential delays or changes in plans with respect to customers'
exploration or development projects or capital expenditures; the uncertainty
of estimates and projections relating to levels of rental activities;
uncertainty of estimates and projections of costs and expenses; risks in
conducting foreign operations (e.g. political and fiscal instability) and
exchange rate fluctuations); uncertainty and risks in technical results and
performance of technology; and other uncertainties.
SOURCE Tesco Corporation
James Lank (713) 359-7000, Tesco Corporation
