Global Industries Counts on Levos as New CFO

Global Industries, Ltd. announced that Jeffrey B. Levos has been named Senior Vice President and Chief Financial Officer of the Company effective May 27, 2008. In his new role, Levos will be responsible for financial reporting, accounting, tax, treasury, and investor relations and will report to Peter Atkinson, President of Global.

Mr. Levos joins Global after eight years at Cooper Industries, Ltd. where he served in several financial roles, most recently as Vice President, Finance & Chief Accounting Officer. Previously, Mr. Levos held financial executive roles with The Coastal Corporation and the accounting firm of Deloitte & Touche. He is a graduate of Westminster College and has completed the Harvard Advanced Management Program and is a Certified Public Accountant in the State of Texas.

"Jeff Levos brings broad financial and accounting expertise to Global. His extensive experience in leading financial operations in a multi-national company will be of significant assistance to Global in our efforts to expand operations in new and emerging oil and gas markets across the world," said B.K. Chin, Chairman and CEO of Global Industries. "The addition of Mr. Levos further strengthens our management team and will permit Peter Atkinson to focus his attentions as President on implementation of our strategic plan and ongoing process improvements consistent with our goal of achieving operational excellence across Global."