Cal Dive Welcomes New Chief Financial Officer

Cal Dive has appointed Bruce P. Koch as Executive Vice President, Chief Financial Officer and Treasurer of the Company. Mr. Koch will assume his duties today, November 4, 2009, and replaces G. Kregg Lunsford who, as previously reported, has been named the Company's Executive Vice President -- Eastern Hemisphere, based in Singapore.

Mr. Koch brings to Cal Dive more than 25 years of financial, accounting, tax, treasury, information technology and merger and acquisition experience. His work experience includes 19 years at Nabors Industries, Ltd. serving in the role of Corporate Controller, Vice President of Finance and most recently Chief Financial Officer for the last six years. During his tenure at Nabors, he led his departments during a period of significant growth and international expansion. Mr. Koch began his career in public accounting.

Quinn Hébert, President and Chief Executive Officer of Cal Dive, stated, "We are thrilled to have Bruce join the Cal Dive family. His professional background and strong management skills will prove to be extremely valuable to our Company as we move forward."


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