Bristow Group CEO Chiles to retire in July

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HOUSTON (AP) — Bristow Group President and CEO William Chiles will retire from the company, a provider of helicopter services to the offshore energy industry, at its annual shareholders meeting on July 31.

He will be succeeded by Jonathan Baliff, senior vice president and chief financial officer. The 50-year-old Baliff has served as senior vice president and CFO since 2010.

Chiles has served as president and CEO since July 2004.

Chiles will step down from Bristow Group's board after the annual meeting. He will remain with the company as a consultant through July 31, 2016.

Baliff is expected to be nominated as a board member at the annual meeting. He will continue to serve as CFO until he becomes president and CEO at the annual meeting.

Bristow Group Inc. said Monday that it will conduct a search for a new CFO.

Bristow shares finished at $71.79 per share on Friday.

Its shares are up more than 26 percent over the past year.

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