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Hercules Offshore Welcomes New VPs

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Hercules Offshore, Inc. announced the appointment of Son P. Vann to Vice President Investor Relations and Planning and John F. Wasmuth to Vice President Tax.

Mr. Vann joined the Company in June 2010 as the Director, Investor Relations and Finance. Prior to joining Hercules Offshore, he served in various financial roles in the investment banking industry at Jefferies & Company, Solomon Smith Barney and UBS. Mr. Vann holds a Bachelor of Business Administration in Finance from the University of Texas at Austin and is CFA Charterholder.

Mr. Wasmuth has served as our Director of Tax since he joined the Company in August 2010. His extensive experience in the oil and gas industry includes positions with Repsol Services Company, Cameron International and Shell Oil Company. Mr. Wasmuth holds a Bachelor of Business Administration in Accounting from the University of Texas at Austin and is a Certified Public Accountant (CPA).

Stephen M. Butz, Senior Vice President and Chief Financial Officer, stated, "With extensive experience in both the capital markets and energy industry, Son has been a vital asset to our Company and has already provided key contributions in strategic planning and execution of our growth initiatives.

"John has been an integral part of our management team and has provided a wealth of knowledge and experience in the tax arena. John's extensive international tax planning expertise is a tremendous asset to the company as we continue to expand our international operations. It is with great pleasure that we announce these officer appointments and look forward to both Son and John's continued contributions to Hercules Offshore."

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