SBM Offshore N.V. announced that during the Extraordinary General Meeting of Shareholders on November 30, 2016, Mr. D.H.M. Wood was appointed as a member of the Management Board for a first term of four years up to the Annual General Meeting of Shareholders in 2021. Mr. Wood has been designated by the Supervisory Board as Chief Financial Officer of the Company. Mr. Wood succeeds Mr. P.M. van Rossum, who retired as Management Board member and Chief Financial Officer.