Atwood Oceanics Inc. (NYSE: ATW) said Tuesday that its chief executive and chief financial officers plan to retire next year, according to Associated Press.
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The oil drilling contractor said John R. Irwin, 64, will retire in July 31 as CEO and president. James M. Holland, 64, will step down as CFO on Dec. 31, 2010. Their retirements are subject to the company finding successors.
It was not reported the reason for their respective retirements.
Shares of Atwood fell 31 cents to $34.68 in after-hours trading following the personnel announcement. The stock was up $1.99, or 6 percent, to close at $34.99 in the regular session.
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