Welcome!

News Feed Item

Bristow Group William Chiles To Retire As CEO At 2014 Annual Meeting - CFO Jonathan Baliff To Succeed Him

Company to host conference call on Monday, February 3 at 9:00 AM Eastern Time

HOUSTON, Feb. 3, 2014 /PRNewswire/ -- Bristow Group Inc. (NYSE: BRS), the leading provider of helicopter services to the offshore energy industry, today announced that William E. Chiles, President and Chief Executive Officer, will retire from those positions at the Company's Annual Meeting of Shareholders on July 31, 2014, and be succeeded by Jonathan E. Baliff, Bristow's Senior Vice President and Chief Financial Officer.

Following the Annual Meeting, Mr. Chiles will also step down from the Board of Directors.  He will remain an employee of Bristow Group in a consulting role through July 31, 2016.  It is anticipated that Mr. Baliff will be nominated for election to the Board at the Annual Meeting.

"We are thrilled that Jonathan will lead Bristow as the Company's next President and CEO," said Tom Knudson, Bristow Group Chairman. "Jonathan is an experienced executive with a unique combination of critical attributes that make him an excellent choice to continue our drive for success.  He has a proven track record of execution, clear strategic vision and global insight, unmatched financial acumen, and an understanding of aviation safety, the international marketplace and our customer base.  He has the utmost integrity and is highly regarded by investors, customers and employees. Over the past year, the Board has thoroughly evaluated several highly qualified candidates, all of whom possessed many of the skills we were looking for in a CEO.  We are confident Jonathan will work well with the rest of our extremely talented senior management team to execute our strategic plans and drive continued growth when Bill steps down.

"On behalf of the Board, I would like to thank Bill for his superb stewardship of Bristow over the past decade.  His leadership has been instrumental in setting a very strong 'tone at the top', producing excellent performance, creating a collaborative culture, and making Bristow the safe, ethical, and strong company it is today."

"I am honored to have been selected to serve as CEO of Bristow," said Mr. Baliff.  "I have had the good fortune to work very closely with Bill over these last few years and appreciate the profound impact he has had on Bristow, including establishing an unwavering commitment to safety, operational excellence and financial strength.  Bristow has an exceptionally strong senior leadership and employee team – all of whom are committed to our enduring core values. I am fortunate to have my colleagues to collaborate with as we pursue our mission to provide the safest and most efficient helicopter services and aviation support worldwide. I know they share my belief that if we do what we do best – be innovative partners to our clients, continue our thoughtful expansion across the globe and provide career development opportunities for our employees – we can continue to be the industry leader for years to come."

"My experience as Bristow's CEO has been very fulfilling and I'm extremely proud of all we have accomplished," said Mr. Chiles.  "Jonathan is a hands-on leader with a commitment to excellence, and I am confident he will build successfully on the platform we have all worked to create.  I have seen firsthand what he is capable of and I am confident that in handing the reins over to Jonathan, Bristow will be in excellent hands for the future." 

Mr. Baliff, 50, joined Bristow as Senior Vice President and Chief Financial Officer in 2010.  At Bristow, as part of the Senior Management Team, he led teams that created and executed the successful "Bristow Value Added" implementation throughout the company, a transformation of the company's capital allocation strategy.  Mr. Baliff was also part of the team that led the successful effort to win the ten bases, £1.5 billion UK Search and Rescue contract.  At NRG Energy Inc., where he served as Executive Vice President, Strategy, Mr. Baliff led the development and implementation of NRG's corporate strategy as well as its efforts to drive top-line growth through acquisitions and business alliances.  Before joining NRG in 2008, he spent 12 years with Credit Suisse, most recently as Managing Director for the Global Energy Group. Mr. Baliff began his career serving on active duty as an aviator in the U.S. Air Force for eight years from 1985 to 1993. He holds a Bachelor of Science degree in Aerospace Engineering from Georgia Tech and a Master of Science in Foreign Service from Georgetown University.

Bristow Group will initiate a search process to fill the Chief Financial Officer position and will be considering both internal and external candidates.  Mr. Baliff will continue to serve in this capacity until he assumes the role of President and CEO at the Annual Meeting.

CONFERENCE CALL

Management will conduct a conference call starting at 9:00 a.m. ET (8:00 a.m. CT) on Monday, February 3, 2014 to discuss today's announcement.  The conference call can be accessed as follows:

Via Webcast:

  • Visit Bristow Group's investor relations Web page at www.bristowgroup.com
  • Live: Click on the link for "Management Announcement"
  • Replay: A replay via webcast will be available approximately one hour after the call's completion and will be accessible for approximately 90 days

Via Telephone within the U.S.:

  • Live: Dial toll free 1-877-941-9205
  • Replay: A telephone replay will be available through February 17 and may be accessed by calling toll free 1-800-406-7325, passcode: 4667305#

Via Telephone outside the U.S.:

  • Live: Dial 1-480-629-9771 
  • A telephone replay will be available through February 17 and may be accessed by calling 1-303-590-3030, passcode: 4667305#

ABOUT BRISTOW GROUP INC.
Bristow Group Inc. is the leading provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations. The Company has major transportation operations in the North Sea, Nigeria and the U.S. Gulf of Mexico, and in most of the other major offshore oil and gas producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad.  For more information, visit the Company's website at www.bristowgroup.com.

Contact:


Linda McNeill

Tricia Morley

Investor Relations 

Media Inquiries

(713) 267-7622 

(713) 267-7600

SOURCE Bristow Group Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.