Hydril's Board of Directors Elects Christopher T. Seaver as Chairman
HOUSTON, Nov 09, 2006 -- The Board of Directors of Hydril (NASDAQ:HYDL) announces the election of Christopher T. Seaver as Chairman of the Board, in addition to his continuing leadership as President and Chief Executive Officer of the company.
Christopher Seaver has served as CEO and a director of the company since 1997, and as president since 1993. He joined the company in 1985 and has held a series of domestic and international management positions since that time. Prior to joining Hydril, Mr. Seaver was a corporate and securities lawyer and, before that, a Foreign Service Officer with postings in Kinshasa, Congo and Bogota, Colombia. He holds J.D. and MBA degrees from Stanford University.
Richard C. Seaver has been elected Chairman Emeritus and remains a director. Mr. Seaver has served the shareholders as an employee since 1958 and as a director since 1964. He also served as President from 1964 to 1986, as Chairman of the Board of Directors' Executive Committee from 1964 to 1992, and Chairman of the Board of Directors since 1992.
Chris Seaver commented, "As part of our long planned succession program, I am honored to be leading the company in implementing plans to ensure the company maintains its position at the leading edge of technology in our portion of the oil service industry. Richard Seaver will actively serve the shareholders as a director, a position he has held for the past forty-two years, as we continue to build on his vision and leadership."
Hydril Company, headquartered in Houston, Texas, is engaged worldwide in engineering, manufacturing and marketing premium connection and pressure control products used for oil and gas drilling and production.
SOURCE: Hydril Company
Sue Nutt,
Manager, Investor Relations & Corporate Communications,
Hydril Company,
281-985-3532
