Helix Appoints T. Mitch Little as New Director

Rhea-AI Summary

Helix Energy Solutions Group, Inc. (NYSE: HLX) has appointed T. Mitch Little as a new director on its Board, effective immediately. With over 30 years in the petroleum industry, Mr. Little previously served as Executive Vice President – Operations at Marathon Oil Corporation, leading all operational activities until his retirement in December 2020. He brings significant leadership experience and industry knowledge to Helix. Little will serve as a Class I director, with his term expiring at the next Annual Meeting of Shareholders.

Positive

• Appointment of T. Mitch Little brings extensive experience in operations and leadership from Marathon Oil.
• His background may provide fresh perspectives and strategic insights for Helix.

Negative

• Concerns regarding continuity and potential experience gaps in the Board's operations.

Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today that its Board of Directors has appointed T. Mitch Little as a new director.

Mr. Little, 58, served as Executive Vice President – Operations for Marathon Oil Corporation (“Marathon”) (NYSE: MRO) from August 2016 until his retirement in December 2020, where he held full responsibility for all operations and development activities. Prior to such role Mr. Little served in a variety of roles of progressing leadership responsibility at Marathon, including Vice President – Conventional & Oil Sands Mining Assets, Vice President – International & Offshore Exploration & Production Operations, Managing Director – Norway, and General Manager – Worldwide Drilling & Completions. Mr. Little joined Marathon in 1986 and has over 30 years’ experience in the petroleum industry in various technical, supervisory and senior management positions. Mr. Little previously served as the Chairman of the Oilfield Energy Center, a non-profit venture dedicated to expanding awareness of subsurface hydrocarbon energy resources and supporting global stewardship in the communities that develop those resources in a safe and environmentally responsible manner.

Mr. Little will serve as a Class I director whose term will expire at Helix’s next Annual Meeting of Shareholders.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005447/en/

FAQ

Who is T. Mitch Little?

T. Mitch Little is the newly appointed director of Helix Energy Solutions Group with over 30 years of experience in the petroleum industry.

What previous position did T. Mitch Little hold before joining Helix?

Before joining Helix, T. Mitch Little served as Executive Vice President – Operations at Marathon Oil Corporation.

What is the duration of T. Mitch Little's term as a director at Helix?

T. Mitch Little will serve as a Class I director, with his term expiring at Helix's next Annual Meeting of Shareholders.

How might T. Mitch Little's appointment impact Helix Energy Solutions Group?

His extensive operational leadership experience could enhance strategic decision-making and operational efficiencies at Helix.