Oceaneering International, Inc. announced that T. Jay Collins will retire as a member and Chairman of the Board of Directors immediately following the 2023 Annual Meeting of Shareholders and that M. Kevin McEvoy will succeed Mr. Collins as Chairman. Mr. McEvoy has been a director of Oceaneering since 2011. He served as Chief Executive Officer of Oceaneering from 2011 to 2017, and as President of Oceaneering from 2011 to 2015.

Mr. McEvoy also previously served as Chief Operating Officer of Oceaneering from 2010 until 2011 and as Executive Vice President from 2006 to 2008. His service with Oceaneering began in 1979 with Solus Ocean Systems, Inc., which was acquired by Oceaneering in 1984. Mr. McEvoy also serves as the Independent Lead Director of EMCOR Group, Inc. Mr. Collins has served on the Board since 2002 and as Chairman since May 2021.

Mr. Collins served as Oceaneering's Chief Executive Officer from 2006 to 2011 and its President from 2002 to 2006. Mr. Collins previously held other executive positions with Oceaneering, joining the Company as Senior Vice President and Chief Financial Officer in 1993.