Tidewater announced that Matthew A. Mancheski, currently Senior Director of Strategic Planning and Financial Analysis of the Company, has been promoted to the position of Vice President-Chief Information Officer and Chief Strategic Planning Officer, effective March 4, 2010. Mr. Mancheski will be responsible for overseeing information technology, software applications, and all strategic planning initiatives of the Company.

Mr. Mancheski is a 1997 graduate of the University of New Orleans with a degree in Finance. He received his MBA from Tulane University in 2008. Mancheski joined Tidewater in 2008 in his current role. Prior to joining Tidewater, he was Vice President, Controller for Children's Hospital in New Orleans, LA.

Tidewater also announced that Jeffrey M. Platt, currently an Executive Vice President of the Company, has been promoted to the position of Chief Operations Officer, effective March 4, 2010. Mr. Platt will be responsible for overseeing the day-to-day marine and shipyard operations of the Company, both domestically and internationally.

Mr. Platt is a 1979 graduate of the University of Pittsburgh with a degree in Electrical Engineering. Platt joined Tidewater in 1996 as General Manager of Tidewater's business activities in Brazil. In November 2001, Platt was promoted to the position of corporate Vice President. In March 2004, he was promoted to Senior Vice President. In July 2006, he was promoted to Executive Vice President. His Tidewater service followed a 15-year career with Schlumberger Well Services and Rollins Environmental Services.

Dean Taylor, Chairman and Chief Executive Officer of the Company, commented, "Jeff Platt's contributions have been and will be key to the excellence of our operations worldwide. His promotion recognizes the importance of his leadership and contributions. I am confident that our shareholders will be served well by expanding Jeff's responsibilities and influence on the organization."