By Katherine Hamilton
Tidewater Chief Operating Officer David Darling is stepping down, effective June 30.
His departure is part of a long-term plan to facilitate the orderly succession of the offshore-energy company's executive team, Tidewater said in a Securities and Exchange Commission filing Wednesday.
Darling will continue to provide services over the next 18 months to support the transition of his responsibilities. He will be entitled during that time to a monthly cash payment of $5,000. He is also set to receive severance benefits.
Darling, 70, started as COO in 2021. He earned total compensation of $2.4 million in 2024.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
June 11, 2025 17:17 ET (21:17 GMT)
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