Diamond Offshore on the lookout for new CFO as Youngblood prepares to exit

  • Business & Finance

Senior vice president and chief financial officer (CFO) of drilling contractor Diamond Offshore has decided to resign from the company effective December 1, 2017.

Diamond Offshore said last Monday that Kelly Youngblood, senior vice president and CFO, decided to resign in order to accept a CFO position at another company.

Youngblood was named SVP and CFO in early May 2016. He succeeded Gary T. Krenek, who retired after 33 years of service to the company.

Before joining Diamond Offshore, Youngblood held a variety of managerial positions with Halliburton. Most recently, he served as VP of investor relations. He joined Halliburton in 1988 as a staff accountant and served in numerous financial management positions for Halliburton and its subsidiaries, including senior director of finance for the western hemisphere and director of external reporting and accounting research.

The company added that it already began a search for Youngblood’s replacement and named Scott L. Kornblau, Diamond’s VP and treasurer, to serve as the company’s acting CFO until a permanent chief financial officer was appointed.

Kornblau was appointed treasurer in 2007 and became vice president and treasurer in January 2017. He joined the company in 1997 as a senior accountant and served in numerous finance and accounting positions. He is a CPA and received a Bachelor of Business Administration degree in accounting from the University of Texas.

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