Oceaneering International Inc. (NYSE: OII) said Feb. 14 that Roderick A. Larson will succeed M. Kevin McEvoy as CEO in May.

"After 38 years of dedicated service to Oceaneering in numerous positions, Kevin has led the company with skill and integrity, continuing to drive safety and positioning us for growth and change," John R. Huff, nonexecutive chairman of Oceaneering, said in a statement.

Larson has served as president of the Houston-based company since February 2015 and is expected to continue in that role as CEO. He previously served as senior vice president and COO.

Prior to joining Oceaneering, Larson was with Baker Hughes Inc. (NYSE: BHI) for more than 20 years, where he held various positions, including serving as president of Latin America. He currently serves on the board of Newpark Resources Inc.

McEvoy will continue serving on Oceaneering’s board as a Class III director until at least 2019. It is anticipated that Larson will join Oceaneering’s board concurrent with his appointment as president and CEO.

The planned succession will be effective after Oceaneering's annual shareholder meeting on May 5, the company said.