September 26, 2003

Du Moulin joins Tidewater board
Tidewater (NYSE: TDW) today announced the election of Richard du Moulin to its Board of Directors for a term expiring in July 2004.

Born in New York City, Mr. du Moulin comes to Tidewater following a distinguished and successful career in the shipping industry. He currently is serving as President of Intrepid Shipping.

After graduating from Dartmouth College in 1969, Mr. du Moulin served in the US Navy from 1969 to 1972. In 1974, he graduated with an MBA from Harvard Business School and began his career at OMI Corporation. During his 15 years with OMI, he served as Executive Vice President, Chief Operating Officer, and as a member of the company's Board of Directors. He left OMI in 1989 to start his own company, known as, Intrepid Shipping. That same year, he led a group of partners in a buy out of Marine Transport Lines (MTL), the oldest transportation company in America, after which Intrepid took on the name of MTL. The company later went public and became Marine Transport Corporation (MTC) where du Moulin served as Chairman and Chief Executive Officer. After the acquisition of several competitors, Mr. du Moulin and partners sold MTC to Crowley Maritime in 2000, paving the way for him to re-establish Intrepid Shipping in 2002.

In addition to sitting on Tidewater's Board of Directors, Mr. du Moulin also serves on the Board of Directors of the American Bureau of Shipping and is a member of its Audit Committee. He has been awarded commendations such as the US Coast Guard Distinguished Service Medal, the Commodore Award from Connecticut Maritime Association and the Admiral of the Ocean Sea Award (AOTOS) from United Seafarer's Service.

Mr. du Moulin lives in Larchmont, NY, with his wife, Ann, and their four children. He is active in several community and civic organizations. He sits on the Board of Trustees for Seamen's Church Institute of NY/NJ and serves as the Chairman of the Strategic Planning Committee. He is also an avid sailor and has participated in several races for the America's Cup.

Tidewater Inc. owns and operates nearly 570 vessels, the world's largest fleet of vessels serving the offshore energy industry.

Tell a friend: