Pride Hires Finance Chief

The company says Brian Voegele will join next month.
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Pride International

(PDE)

named Brian Voegele chief financial officer.

The Houston-based oil drilling contractor said Voegele will join next month from

Offshore Logistics

(OLG)

, where he has been chief financial officer since June.

Voegele previously was employed by

Transocean

(RIG) - Get Report

from 1989 to 2005, where he held positions including vice president, finance; vice president, tax; and vice president, corporate planning and development.

"Brian's in-depth experience in finance, including sixteen years of executive experience in the drilling industry, will be beneficial to Pride as we continue our growth as one of the world's premier international drilling companies," said CEO Louis Raspino.

On Monday, shares of Pride fell $1.43 to $29.60.