Bristow Group consolidates amid stabilizing revenues
Bristow Group consolidated its business units and made changes in the executive suite just weeks before posting declining net income, but modestly increasi
Bristow Group consolidated its business units and made changes in the executive suite just weeks before posting declining net income, but modestly increasing revenues. The company said it made the changes “in an effort to improve operations and financial performance.”
Bristow is combining several business units including Eastern and Western hemisphere, Other International and Latin America, and Gulf of Mexico and Arctic. Bristow also is creating a global shared services organization to support finance, accounting, human resources and information technology. The move comes a little more than a month after Bristow added three new board members and includes several senior personnel changes.
