Helix Energy Solutions Group, Inc. (NYSE: HLX) announced certain changes within its executive management team consistent with the company’s long standing succession plan, effective June 5, 2017.

Erik Staffeldt, who has served as Helix’s Vice President – Finance and Accounting since July of 2015, has been promoted to the position of Senior Vice President and Chief Financial Officer. Tony Tripodo, who has served as Helix’s Executive Vice President and Chief Financial Officer since June of 2008, will be transitioning to the position of Executive Vice President and Senior Advisor. In his new role Tony will be responsible for assisting Owen Kratz, Helix’s President and Chief Executive Officer, in continuing to develop the long term business and financial strategy of the company. Tony will continue to remain involved in the company’s financial planning and in generally assisting with the orderly transition of some of his former responsibilities as Chief Financial Officer.

In connection with these appointments, Owen Kratz, President and Chief Executive Officer of Helix, stated, “Erik has earned the confidence of the board and the executive management team and has demonstrated the ability to take on increasing responsibilities since joining Helix in 2009. In addition, Tony’s demonstrated capabilities in managing the financial affairs of the company and his intimate knowledge of the business make him well suited for the new role we have asked him to perform.”