John T. Rynd was the CEO of Tidewater, Inc., starting from March 5, 2018, until his retirement on September 3, 2019. He joined Tidewater during a crucial time, as the company was looking to stabilize after a rough patch. Before...
John T. Rynd was the CEO of Tidewater, Inc., starting from March 5, 2018, until his retirement on September 3, 2019. He joined Tidewater during a crucial time, as the company was looking to stabilize after a rough patch. Before Tidewater, he held significant positions in the offshore drilling industry at Hercules Offshore, where he also served as CEO. His leadership experience stretches across various roles in notable companies like Noble Drilling Services. During his time as CEO, Rynd received a total compensation of approximately $4.35 million in 2019, which included a base salary of $400,000 and a substantial amount of vested stock. Notably, Rynd had an employment agreement that initially set his salary and offered performance-based stock options tied to the company’s cash flow performance, highlighting Tidewater’s focus on sustainable growth. His tenure is marked by significant efforts in rebuilding the company after economic challenges, aiming to enhance operational performance and ensure financial stability.