Trico Marine announced the appointment of Richard A. Bachmann as Chairman of the Board of Directors and interim Chief Executive Officer of the Company. The Company also announced the appointment of Rishi A. Varma as President of the Company in addition to his current role as Chief Operating Officer. The respective appointments replace Joseph S. Compofelice as the Company's Chairman, President and Chief Executive Officer.
Mr. Bachmann has served as a director of the Board of Directors of the Company since 2005 and, prior to this appointment, served as the lead director and Chairman of the Board's Nominating and Governance Committee. In February 1998, Mr. Bachmann founded Energy Partners and served as its Chairman and Chief Executive Officer from February 1998 until March 2009.
Mr. Varma joined Trico in May 2005 as Trico's General Counsel, Corporate Secretary and Director of Corporate Governance, and has since held positions of increasing responsibility. Mr. Varma became a Vice President in June 2006 and was appointed Chief Administrative Officer in March 2007. He was appointed to Senior Vice President and Chief Operating Officer in December 2009. From February 2003 until April 2005, Mr. Varma was Securities Counsel and Director of Corporate Governance with EGL.
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