Integrated Drilling Equipment Holdings Corp. announced that Stephen M. Cope has resigned as chief executive officer. Mr. Cope will remain as a member of the board of directors and become vice chairman of the board.

The Board has initiated a search for a new CEO which it anticipates will be completed in the near future. In the meantime, Richard Dodson, president and chief operating officer and Michael Dion, Chief Financial Officer will remain in their current roles to provide continuity.