Darron Anderson
Director at TDW
Board
About Darron M. Anderson
Independent director of Tidewater Inc. since September 2020; age 56; based in Houston, TX. Currently President & CEO of Stallion Oilfield Holdings, Inc. and holds a B.S. in Petroleum Engineering from the University of Texas at Austin . Core credentials include 25+ years building oilfield service organizations across land and offshore, with strengths in corporate leadership, capital markets, M&A, and operational execution .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ranger Energy Services (NYSE: RNGR) | President, CEO, Director | Mar 2017 – Jul 2021 | Led and executed RNGR’s NYSE IPO (Aug 2017); consolidated four entities to build market-leading well services and Permian wireline business . |
| Express Energy Services | President & CEO (2008–2015); Executive (2004–2008) | 2004 – 2015 | Led operations across drilling, completion, production services . |
| Littlejohn & Co.; CSL Capital | Consultant | 2016–2017; 2017 | Evaluated acquisitions; sector consulting . |
| Chevron | Drilling Engineer (U.S. Land, Offshore, Canada) | Began 1991 | Early technical and operational grounding . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| International Seaways, Inc. (NYSE: INSW) | Independent Director | Since Jun 2024 | Energy transportation (crude/product tankers). Overlaps with TDW director Lois K. Zabrocky, INSW’s CEO and a TDW director, creating a network interlock (not a disclosed related-party transaction) . |
| Stallion Oilfield Holdings, Inc. | President & CEO | Current | Private company; operating executive seat . |
Board Governance
- Independence: Board determined all nominees except the CEO are independent; Anderson is independent .
- Committee assignments (2024): Audit Committee member; Safety & Sustainability Committee member .
- Attendance: Board held 8 meetings in 2024; each director attended 100% of Board and committee meetings (Anderson included). Independent directors held 4 executive sessions in 2024 .
- Board leadership: Independent Chairman structure maintained (separate Chair/CEO) .
- Risk oversight: Audit Committee oversees cybersecurity; all Audit members independent; audit committee financial experts are Fagerstal, Raspino, and Cougle (Anderson is a member, not designated “financial expert”) .
Fixed Compensation (Director)
| Component (FY2024) | Amount | Notes |
|---|---|---|
| Annual cash retainer | $125,000 | Standard non-employee director cash retainer . |
| Committee chair fees | $0 | Not a chair; chair fees range $10,000–$20,000 by committee . |
| Meeting fees | $0 | Not disclosed/used; program is retainer-based . |
| All other compensation | $12,533 | Primarily spousal travel related to international Board/committee meetings . |
| Total cash and other | $137,533 | Sum of cash retainer and all other compensation . |
Performance Compensation (Director)
| Equity Element | Grant Date | Units/Value | Vesting / Deferral | Notes |
|---|---|---|---|---|
| Annual RSU grant | Jun 6, 2024 | 1,323 RSUs; grant date fair value $124,944 | Time-based; scheduled to vest 1-year from grant; Anderson elected to defer settlement until 2027 (third anniversary) | Each non-management director held 1,323 unvested RSUs at 12/31/2024; no options outstanding . |
| Annual equity retainer | Program design | $125,000 target | Converted to RSUs by grant-date close price; annual cadence | Time-based RSUs; no director options granted . |
Notes: Director equity is time-based (not performance-based). No options or performance-condition awards are part of the director program; thus, there are no director-specific performance metrics tied to pay disclosed .
Director Compensation (FY2024 actuals)
| Item | Amount |
|---|---|
| Fees earned or paid in cash | $125,000 |
| Stock awards (RSUs) | $124,944 |
| All other compensation | $12,533 |
| Total | $262,477 |
Program features:
- Stock Ownership Guidelines: 5x annual cash retainer for non-employee directors; unvested/deferred RSUs count. As of Apr 23, 2025, all non-employee directors were in compliance (includes Anderson) .
- Stock Deferral Program: Directors may defer settlement of annual stock awards; Anderson elected deferral for 2024 RSUs to 2027 .
- Stock Election Program (cash into stock): Available, but only Robotti elected 100% stock in 2024; Anderson did not .
Other Directorships & Interlocks
| Company | Sector Link to TDW | Interlock / Potential Overlap | Assessment |
|---|---|---|---|
| International Seaways (INSW) | Maritime energy transport | Anderson is a director; TDW director Lois Zabrocky is INSW’s CEO and TDW’s S&S Chair; shared outside board increases network connectivity | No related-party transactions disclosed; Board affirms independence; monitor for information-sharing risks; appears non-conflicting given different business models (OSVs vs tankers) . |
No related-party transactions in 2024 (company-wide) and all Section 16 filings timely (mitigates governance risk) .
Expertise & Qualifications
- Energy industry leadership (offshore and land); proven scaling, IPO execution, consolidation experience .
- Capital markets and M&A acumen supportive of audit oversight and capital allocation discussions .
- Technical foundation (Petroleum Engineering, UT Austin) .
- Board-wide skills matrix underscores strong coverage in executive leadership, accounting/financial reporting, finance/capital markets, risk management, and sustainability (Anderson is part of the collective profile) .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Total beneficial ownership | 41,170 shares | As of Apr 11, 2025; “less than 1%” of outstanding . |
| Ownership as % of shares outstanding | * | “Less than 1%” based on 50,853,374 shares outstanding at Apr 11, 2025 . |
| Unvested RSUs (director program) | 1,323 RSUs | Outstanding as of 12/31/2024; time-based . |
| Options outstanding | 0 | No unexercised options for non-management directors . |
| Pledging/Hedging | Prohibited | Company policy bans hedging and pledging by insiders (directors/officers) . |
| Ownership guidelines | 5x annual cash retainer | All non-employee directors in compliance as of Apr 23, 2025 . |
Governance Assessment
Strengths:
- Independent director with 100% attendance, serving on Audit and Safety & Sustainability—two oversight-intensive committees; aligns with Board’s emphasis on safety, cybersecurity, and risk oversight .
- Compensation alignment: balanced cash/equity; director stock deferral election increases long-term alignment; compliant with stringent 5x retainer ownership guideline; no hedging/pledging allowed .
- Clean conflicts record: no related-party transactions in 2024; timely Section 16 reports .
Watch items:
- Network interlock with INSW via shared board service with TDW director/INSW CEO Lois Zabrocky—can enhance information flow, but monitor for perceived clubbiness or influence if material TDW-INSW dealings arise; none disclosed .
- “All other compensation” from spousal travel ($12,533) is modest but merits ongoing scrutiny as a governance optics item for some investors .
No RED FLAGS identified:
- No hedging/pledging, option repricing, or related-party transactions disclosed; robust independence and attendance; board structure separates Chair/CEO; frequent independent executive sessions .