New CEO Joins SeaBird

SeaBird has appointed Christophe Debouvry as new Chief Executive Officer of the Company.

Debouvry will assume the position with the Company on January 18, 2016.

The current CEO Dag Reynolds will be stepping down from his position with effect from January 01, 2016. Annette Malm Justad, Chairman of the Board, will assume the position of interim CEO from January 01 until Debouvry starts, the Company informed.

Christophe Debouvry has a long track record in international offshore operations and finance including more than 20 years with CGG Group where he was most recently CFO for CGG Services. Since he left CGG in 2010, he has in particular worked with Oaktree Capital Management on the build-up of the UK-based Harkand Group.

Throughout his career he has spent many years based outside Europe including in Asia Pacific, North Africa and South America. He has held senior management roles in seismic operations including Manager for CGG in Asia Pacific and Managing Director of Subseaco in Trondheim, Norway, and in the executive team of CGG including as SVP Strategy & Finance.

Christophe is a French citizen born in 1966. He holds a MSc in Electrical Engineering and an MBA from Insead.

Chairman of the Board, Annette Malm Justad, said: “The Board of Directors of SeaBird is pleased to announce the appointment of Christophe Debouvry as the Company’s new Chief Executive Officer. His set of competencies we believe will be vital to the Company in meeting the challenges of the current seismic market. The Board of Directors takes the opportunity to thank Mr Reynolds for his valuable services to the Company.”

Christophe Debouvry says: “I am pleased to join SeaBird, a company that has developed a unique position within the seismic industry over the years, and am looking forward to joining forces with the team for preparing the company to emerge reinforced from the current market turmoil.”