Should merchant ships transiting high risk areas carry small arms for defense against pirates?

Selected crew should be trained and have guns available
Professional armed security teams should be hired
No guns on merchant ships, ever

August 10, 2009

Promotions at Pride International

Pride International, Inc. (NYSE:PDE) revealeded today that Rodney W. Eads, who served as Executive Vice President and Chief Operating Officer, is no longer with the company.

Imran (Ron) Toufeeq, currently Senior Vice President, Asset Management and Engineering, has been appointed to the role of Senior Vice President, Operations, Asset Management and Engineering, reporting to Louis A. Raspino, President and Chief Executive Officer of the company.

W. Gregory Looser, currently Senior Vice President, Legal, Information Strategy and General Counsel, has been appointed to the new role of Senior Vice President and Chief Administrative Officer. In this role, Mr. Looser will be responsible for executive oversight of the Global Supply Chain, QHSE, Industry and Governmental Affairs, Information Technology and Legal departments. Mr. Looser will continue to report to Mr. Raspino.

Brady K. Long, currently Vice President, Deputy General Counsel, Chief Compliance Officer and Secretary, has been appointed to the role of Vice President, General Counsel, Chief Compliance Officer and Secretary, reporting to Mr. Looser.

Mr. Toufeeq joined Pride International in 2004 as Vice President, Engineering. Over the past 30 years, he has held numerous executive positions in international drilling and management, including Senior Vice President, International Deepwater Division for R&B Falcon Corporation, where he was employed from 1981 to 2001. Mr. Toufeeq has extensive experience in the design, procurement, construction and operation of ultra-deepwater drilling rigs. While with R&B Falcon, he managed the construction of nine ultra-deepwater rigs, and his current responsibilities include Pride International's four ultra-deepwater drillships under construction in Korea. Mr. Toufeeq holds both a Master's of Mechanical Engineering and a Master's of Business Administration degree from the University of Houston.

Mr. Looser joined Pride International in 1999 as Assistant General Counsel. In 2003 he was appointed Vice President, General Counsel and Secretary, and he was named Senior Vice President in 2005. Prior to joining the company, Mr. Looser was with the law firm of Bracewell & Giuliani, L.L.P. He currently serves as Director of the Texas General Counsel Forum Statewide Board and Houston Board. Mr. Looser is a graduate of Baylor University and the Baylor University School of Law.

Mr. Long joined Pride International in 2005 as Assistant General Counsel, Compliance, and he was named Vice President, Deputy General Counsel, Chief Compliance Officer and Secretary in 2009. Prior to joining the company, he practiced law with BJ Services Company and with the law firm of Bracewell & Giuliani L.L.P. Mr. Long currently serves as Chairman of the Ethics & Corporate Compliance Committee of the International Association of Drilling Contractors. Mr. Long graduated magna cum laude from Brigham Young University and with honors from the University of Texas School of Law.

Commenting on these executive appointments, Mr. Raspino stated, "We are very pleased to promote Ron Toufeeq, Greg Looser and Brady Long to these positions of strategic importance to Pride. All three of these gentlemen have been very instrumental in the transformation of Pride International to an industry leading, deepwater-focused, international contract drilling company, and we look forward to working with them in their expanded roles."

Mr. Raspino noted, "We wish to thank Rodney Eads for his service to Pride, and we wish him well in his future endeavors."

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