May 9, 2017
Channelview, Tx, May 9, 2017 – Southwest Shipyard today announced its executive leadership transition plan whereby Mr. Martin DeCamp, age 51, will assume the role of President and Chief Executive Officer following the retirement of Mr. Read Boles. The move will become effective following a transition over the course of 2017. Michelle Sylve, the Company’s Controller, will serve as interim Vice President of Finance while the Board conducts a search for a Chief Financial Officer.
The transition of leadership has been part of the Board’s long term succession plan. Mr. DeCamp previously served as Chief Financial Officer of the Company before assuming an operational role. Prior to that, he served in numerous financial executive roles for a wide range of prominent Houston companies following his graduate degree from the University of Texas at Austin.
“We wish to thank Read for his leadership through a period of transition for the Company. Under Read’s leadership, we have greatly enhanced our capabilities and range of services for our customers. We believe Martin’s vision for the future will further the advances made by Read.” said Hank Hilliard, Chairman of the Board. He added “Our management team has built one of the safest and best shipyards and cleaning facilities on the gulf coast and we want to take every opportunity to create value for our customers with the enhanced capabilities we now have.”
Martin DeCamp stated, “I am deeply honored by the trust the Board has placed in me and my top priority will be the continued development of lasting customer relationships with all of our key customers. We are uniquely positioned to emerge from this industry downturn as a reliable partner our customers can count on.”
Southwest Shipyard, L.P. is a third generation family owned shipyard with 4 locations in the greater Houston – Galveston area that is a leading regional provider of gas-freeing and cleaning services, topside and major repairs, surface preparation and coating, and new construction for the marine industry.