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While this month?s selection for our INSIGHTS feature needs no introduction to maritime and energy insiders everywhere, Todd Hornbeck?s professional journey is worth pausing to re ect upon. Hornbeck, Chairman, President and Chief Executive Of cer of Hornbeck Offshore Services, Inc. (NYSE:HOS), founded the company in 1997. Until 2002 Mr. Hornbeck served as the President and Secretary of the company, when he was appointed Chief Executive Of cer and then, Chairman of the Board in 2005. Hornbeck also worked for the original Hornbeck Offshore Services until 1996, serving in various positions related to business strategy and development. Following the merger of Hornbeck Offshore Services, Inc. with Tidewater in March, 1996, he accepted a position as Marketing Director ? Gulf of Mexico with Tidewater, where his responsibilities included managing relationships and overall business development in the U.S. Gulf of Mexico region. He remained with Tidewater until the formation of Hornbeck Offshore Services, Inc. Today, Hornbeck serves as Chairman of Offshore Marine Service Association (OMSA) and Vice Chairman of the International Support Vessel Owners? Association (ISOA). Follow along as he shows the way forward for Hornbeck Offshore Services, its customers, and the global energy industry. Already operating one of the youngest and largest ß eets in the water, Hornbeck is nevertheless pressing forward with an aggressive newbuild program. WhatÕs the primary driver for this business decision? Quite simply it is the evolving needs of our customers. We are not about growth for growth?s sake. We continue to strategically grow by anticipating our customers? evolving needs and expanding the capabilities of our eet to address those requirements. Our company was founded with a focus on the deepwater and ultra-deepwater markets, and as exploration and production activities expand further offshore and at greater well depths we believe our eet must also continue to evolve. We see a ight to quality assets and operators and growing demand for larger, more capable vessels. Have you looked at LNG / Dual-Fuel power options for your vessels? Why are you choosing a different route for your tonnage? We currently view LNG/Dual-Fuel powered supply vessels as a niche market, as only a few customers in our core markets have expressed interest in this solution. Their interest appears to be more driven by developing an alternative market for LNG than operational requirements. We have however evaluated LNG/Dual-Fuel alternatives INSIGHTSTodd M. Hornbeck Chairman, President and Chief Executive OfÞ cer, Hornbeck Offshore Services, Inc. MN 11www.marinelink.com
