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Preng & Associates Completes A Search For The Chief Financial Officer Of Flotek Industries, Inc.

By News & Media

Flotek Industries, Inc. (“Flotek”) (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, yesterday announced the appointment of Mr. Bond Clement to the role of Chief Financial Officer. Preng & Associates assisted in this search.

Mr. Clement began his career in 1993 within Arthur Andersen’s assurance services group focused primarily on energy related clients. He has more than 25 years of financial and accounting experience within the energy sector. Mr. Clement served for 17 years with PetroQuest Energy Inc., which was a publicly traded exploration and production company with oil and natural gas assets located in multiple basins throughout the U.S. His various financial and accounting related management roles at PetroQuest included 12 years as the Company’s Executive Vice President and Chief Financial Officer. Mr. Clement received a B.S. degree in Accounting, Cum Laude, from Louisiana State University and is a Certified Public Accountant (inactive). Mr. Clement serves on the Board of New Hope Community Development of Acadiana, an organization dedicated to breaking the generational cycle of poverty through educational initiatives.

John W. Gibson, Jr., Chairman, President, and Chief Executive Officer of Flotek said “We are excited to welcome Bond Clement to Flotek. We believe the combination of his deep energy industry expertise and a proven track record as a public company CFO positions him to immediately add value as we transition into a profitable, cash generative company.”

Mr. Clement commented, “I am thrilled for the opportunity to join the Flotek team at such a transformational period in the Company’s history. I look forward to augmenting the Company’s already strong focus on achieving profitability across the enterprise, which will ultimately be the driving force behind shareholder value creation.”

Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people.  A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use.  Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies.  Flotek serves downstream, midstream, and upstream customers, both domestic and international.  Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.”  For additional information, please visit www.flotekind.com.

Source Link: https://www.flotekind.com/index.php/investor-relations/item/1382-flotek-appoints-bond-clement-to-role-of-chief-financial-officer

Jozsef Marton Shares Perspectives On African Energy Leadership Panel

By News & Media

Jozsef Marton, one of our London Consultants, attended African Energy Week (AEW) where he was on a panel focused on executive leadership and corporate succession planning.

AEW is the African Energy Chamber’s annual event, uniting African energy leaders, global investors and executives from across the public and private sector for four days of intense dialogue on the future of the African energy industry. An interactive conference, exhibition and networking event, AEW was established in 2021 under the premise to make energy poverty history by 2030, hosting panel discussions, investor forums, industry summits and one-on-one meeting opportunities, and driving the discussions that will reshape the trajectory of the continent’s energy development.

The panel consisted of (from left to right) Elizabeth Rogo, Founder & CEO, TSAVO Oilfield Services, Ezekiel Adesina, Executive Secretary, Africa Energy Study Group, Jozsef Marton, Consultant, Preng & Associates. Dr. Odette Delbrah, CEO, Gabon Oil, Dr. Ben Asnate, CEO, Ghana Gas, and Eric Williams, President & Principal Consultant, Royal Triangle Energy Solutions. Jozsef shared with the audience his perspective on how Africa-focused energy companies can better tackle the challenges ahead and ensure successful succession planning in the future by recruiting locally and from outside the energy sector.

If you would like to discuss how Preng & Associates can help you recruit more effectively in Africa, please contact Jozsef Marton.

Preng & Associates Completes A Search For The Chief Legal Officer Of Occidental Petroleum Corporation

By News & Media

Occidental Petroleum Corporation NYSE:OXY (“Oxy”) has announced that Sylvia Kerrigan is joining the company as Senior Vice President and Chief Legal Officer. Preng & Associates assisted in this search.

Sylvia Kerrigan

Ms. Kerrigan has over a decade of boardroom experience as a director and executive for the industrial, transportation and energy sectors. In addition to her executive roles at various capital-intensive enterprises, Ms. Kerrigan’s board experience includes environmental, social and governance (ESG), regulatory, risk management, cybersecurity and information privacy matters.

Ms. Kerrigan’s prior experience includes her role as Executive Vice President, General Counsel and Corporate Secretary at Marathon Oil Corporation. While at Marathon, she sat on the Executive Committee and was responsible for state, federal and international public policy matters, legal and compliance functions, and external communications. She was central to the company’s corporate positioning, including a spin-off of the refining, transportation and retail assets in 2011, and a subsequent recasting of corporate culture and capital allocation.

Ms. Kerrigan’s prior experience also includes her role as Executive Director at the Kay Bailey Hutchison Energy Center for Business, Law and Policy at the University of Texas, and an appointment to the United Nations Security Council’s Commission d’Indemnisation in Geneva, Switzerland, where she led an interdisciplinary team responsible for evaluating material losses sustained by international companies operating in the Middle East.

Ms. Kerrigan currently serves on the Board of Directors of Diversified Energy Company (LSE: DEC) and Hornbeck Marine Offshore Services, a privately held company based in Covington, Louisiana. She continues to serve on the Executive Council of the KBH Center and as Vice-Chair of the Southwestern University Board of Trustees.

Oxy produces energy and essential products to sustain and improve life on our planet. Their experienced teams, located in the United States, Middle East, Africa and Latin America, are committed to safe and efficient operations and products, and to reducing our carbon footprint and helping others do the same.

Oxy operates world-class energy and chemical assets around the globe, including in the United States, Middle East, Africa and Latin America. Over their 100-year history, they have built a vast infrastructure of integrated operations around the world that deliver reliable energy and essential products. For information about Oxy, please visit: https://www.oxy.com/

Source Link: https://occidentalpetroleum.gcs-web.com/static-files/3429e4be-9611-4107-a232-dc32e0d51c7e

Preng & Associates Completes the Search for a Board Member of Helix Energy Solutions Group, Inc.

By News & Media

Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today that its Board of Directors (the “Board”) has appointed Diana Glassman  as a new director.

Preng & Associates assisted in this search.

William L. Transier, Chairman of the Board, stated, “We are pleased to welcome both Diana and Paula to the Helix Board of Directors. The wealth of experience our two new Board members have will bring valuable perspectives to our Board. Helix remains committed to board refreshment and diversity initiatives, and the appointments of our new directors are the result of an extensive search process that began months ago. The additions of Diana and Paula to the Helix Board are designed to ensure we have the right mix of diverse skills and experience to execute our strategy and reflect the views of Helix’s shareholders, employees and customers.”

Ms. Glassman, 55, since December 2019 has been Director-Engagement at EOS at Federated Hermes, a leader in the evolving field of responsible investing, leading their Oil & Gas and co-leading their Technology sector engagements and spearheading engagement on diversity, equity and inclusion with a focus on business strategy, capital allocation and ESG considerations. Ms. Glassman sits on Federated Hermes Limited’s Inclusion Committee and is Chair of its employee networks. Between July 2014 and December 2019 Ms. Glassman was Chief Executive Officer of Integration Strategy, Inc., a strategy consulting firm advising leaders of companies, private equity firms and government entities primarily in energy and infrastructure, and previously held positions of increasing responsibility at TD Bank Group, Credit Suisse and PricewaterhouseCoopers. Ms. Glassman holds a Bachelor of Science degree in Biology, magna cum laude and with Distinction in the major, from Yale University, an M.P.A. in International Development from Harvard Kennedy School, and an M.B.A. from Harvard Business School.

Ms. Glassman will serve as a Class II director whose term will expire at Helix’s 2024 Annual Meeting of Shareholders. Ms. Glassman also was appointed by the Board to serve on the Board’s Corporate Governance and Nominating Committee.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit their website at www.helixesg.com

 

Source Link: https://www.businesswire.com/news/home/20220926005766/en/Helix-Appoints-Diana-Glassman-and-Paula-Harris-as-New-Directors

Preng & Associates Completes Search for a General Manger of Cedarburg Light & Water Utility

By News & Media

Cedarburg Light & Water Utility has formally appointed Ben D. Collins as General Manager.

The Preng & Associates Power and Utility team was instrumental in the placing of Mr. Collins.

Mr. Collins has spent the past 15 years in the power and utilities sector, most recently working at the Marquette Board of Light and Power as a Manager of Utility Planning and Projects. Mr. Collins led the growth of a Renewable Energy and Energy Efficiency business creating opportunities for customers to reach their green goals while also becoming more sustainable and lowering their total cost of doing business.

Mr. Collins has a B.S. in Electrical and Electronic Engineering specializing in power and energy systems from Michigan Technological University and an M.B.A. from Northern Michigan University.

Cedarburg Light & Water Utility is a non-profit public power utility. They are dedicate to meeting their customers’ needs while helping to make the community a better place to live and work. They are one of the country’s 2,200 public power systems – a utility owned by the community it serves. They exist to provide a public service to the residents and businesses of their community.

Source link: https://www.ci.cedarburg.wi.us/light-water-commission/agenda/light-water-commission-agenda-30

Preng & Associates Completes the Search for a Chief Risk Officer of PJM Interconnection, L.L.C.

By News & Media

PJM Interconnection today announced that it has appointed Carl F. Coscia, Ph.D., as Vice President and Chief Risk Officer. He will begin at PJM Sept. 28, 2022.

PJM - Home

Preng & Associates assisted in this search.

Coscia will report directly to PJM President and CEO Manu Asthana, and will have oversight from the Risk and Audit Committee of the PJM Board of Managers. “Risk Management is a critical function for PJM as an organization and for the protection of our members,” said Asthana. “Carl brings a wealth of risk management, market and regulatory experience to PJM that will serve us and our stakeholders well.” As a member of PJM’s Executive Team, Coscia will work closely with PJM’s CEO, other Executive Team members and the Risk and Audit Committee of the Board to coordinate PJM’s risk management operations, including credit risk, enterprise risk management, market surveillance and insurance.

Coscia has more than 20 years of experience in commodity and financial markets, most recently as Global Head of Risk Management for German-based energy company, EnBW, where his responsibilities included market risk, enterprise risk, credit risk, compliance and approval for all master trading agreements. He previously served as Chief Business Officer and Chief Risk Officer for Hartree Partners, LP. He also worked as Vice President of Federal Energy Policy for Constellation Energy, Director of Wholesale Power Fundamentals for TXU Wholesale Power Trading and Branch Chief for the Federal Energy Regulatory Commission’s Office of Enforcement. “I look forward to managing risk for an organization that is so vital to the lives of the 65 million people it serves,” Coscia said. “Risk management becomes more important each day in this evolving, dynamic industry that produces and delivers power and administers the markets for wholesale electricity.” Coscia holds a Ph.D. in economics from the University of Minnesota, as well as a Bachelor of Science in economics and a Bachelor of Arts in mathematics from the University of Kansas.

PJM Interconnection, founded in 1927, ensures the reliability of the high-voltage electric power system serving 65 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and directs the operation of the region’s transmission grid, which includes over 85,103 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion. PJM’s regional grid and market operations produce annual savings of $3.2 billion to $4 billion. For the latest news about PJM, visit PJM Inside Lines at insidelines.pjm.com.

Source Link: https://www.pjm.com/-/media/about-pjm/newsroom/2022-releases/20220919-pjm-interconnection-appoints-carl-f-coscia-as-new-chief-risk-officer.ashx

Preng & Associates Completes the Search for a Board Director of 8 Rivers Capital LLC

By News & Media

Bob Dudley8 Rivers Capital LLC, a world-leading Net Zero Solutions provider, announced that Bob Dudley has joined the 8 Rivers Board. Bob Dudley held the position of CEO at BP from 2010 to 2020. Under Bob’s leadership, the global energy provider focused on the dual challenge of providing more energy with fewer greenhouse gas emissions. Bob had a distinguished career with BP and its predecessors spanning over 40 years, serving in a broad range of engineering, commercial, strategic, international, and executive roles. Bob is currently a member of the Board of Directors of Freeport-McMoRan, one of the world’s largest, publicly traded copper producers, the chemical company LyondellBasell, and chairs the international, industry-led Oil and Gas Climate Initiative.

Preng & Associates assisted in this search.

Bill Brown, Founder, Executive Chairperson and CTO of 8 Rivers commented “As long as I can remember, Bob was ahead of the curve in driving to Net Zero. He drove BP into areas such as solar, wind, hydrogen fuel cells, biofuels, carbon capture, and clean power—all cornerstones of the 8 Rivers platform. This is the sort of leadership that makes Bob uniquely capable to help guide 8 Rivers as it defines, executes, and delivers Net Zero solutions that the entire world can afford. Our goal is to expand the bottom lines of all end users while increasing their value as they demonstrate a commitment to sustainability.”

“We are thrilled to have someone with Bob’s background, knowledge and dedication to the energy transition join our Board.” Cam Hosie, 8 Rivers’ CEO and Board Member said. “Reaching Net Zero by 2050 is the most significant challenge facing the planet today, and the energy transition will be won or lost in the next decade. Bob brings the expertise required to achieve fast, sustainable change at global scale.”

Mr. Young Wook Lee, President of SK Inc. Materials welcomed Mr. Dudley’s involvement, saying “First of all, I would like to congratulate Mr. Dudley, a world-renowned energy expert, on his appointment to the board. With extensive experience and unmatched capabilities, he is undoubtedly a valuable addition to the CO2 reduction businesses promoted by 8 Rivers and SK Inc. Materials and he will greatly help expedite our goal for becoming leading global Net Zero solution company”

Bob Dudley commented “Few companies in the world have a Net Zero solution set as affordable and as broadly useful as 8 Rivers. Through its combined platform of technology and finance, 8 Rivers is uniquely positioned to help the planet meet its Net Zero goals—all at costs the entire world can afford. 8 Rivers has a fantastic team, and I am very pleased to be its newest member.”

ABOUT 8 RIVERS CAPITAL LLC 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition. www.8Rivers.com.

Source Link: https://www.prnewswire.com/news-releases/8-rivers-capital-llc-appoints-bob-dudley-to-board-of-directors-301599579.html

Hurricane Energy Plc – Appointment Of Two Independent Non-Executive Directors

By News & Media

Board - KropzHurricane Energy plc (AIM: HUR), the UK based oil and gas company, is pleased to announce the appointment of Linda Janice Beal as an Independent Non-Executive Director, with immediate effect. Linda will chair the Audit and Risk Committee and become a member of the Remuneration Committee.

Philip Wolfe, Chairman of Hurricane, commented:

“We are delighted to welcome Linda to the board of Hurricane as an independent non-executive director. Her extensive experience as a tax partner at both PwC and Grant Thornton advising international E&P clients, coupled with her recent career serving as a director of listed small cap natural resources businesses will bring an immediate and meaningful contribution to the work of our Board as we make important financial and strategic decisions. In addition, her in-depth financial knowledge and governance expertise will be of great benefit as Audit and Risk Committee Chair.

“We ran an extensive and thorough search process managed by a leading sector-focused executive search firm, Preng & Associates, which covered a diverse range of really strong candidates. Linda was the standout candidate and we are very pleased that she has accepted our offer to join the Board. ”

 

Hurricane Energy plc (AIM: HUR), the UK based oil and gas company, is pleased to announce the appointment of Robin Andrew Allan as an Independent Non-Executive Director, effective from 1 July 2022. Robin will chair the Environmental, Social and Governance (ESG) Committee, and become a member of the Technical Committee. David Craik will step down as Chair of the ESG Committee but will remain a member. 

 Philip Wolfe, Chair of Hurricane, commented:

“Robin brings a wealth of industry technical, commercial and environmental experience to the board of Hurricane and I am pleased to welcome him as an Independent Non-Executive Director. His wide experience at executive level with Premier Oil, including as Director, North Sea and Exploration, and his role as Chairman of BRINDEX, the Association of British Independent Exploration Companies, will serve the Company well as it navigates the next phase of growth as we make important financial and strategic decisions.

Robin was one of a diverse range of strong candidates highlighted in the extensive and thorough search process managed by a leading sector-focused executive search firm, Preng & Associates. We are very pleased that he has accepted our offer to join the board.”

Source Link: https://ir.design-portfolio.co.uk/viewer/6/26069

Source Link: https://ir.design-portfolio.co.uk/viewer/6/26719

Preng & Associates Completes The Search For A Board Director For Primoris Services Corporation

By News & Media

Primoris Services CorporationMichael Ching, Director, Primoris Services Corporation, elected May 4, 2022. Preng & Associates Placement. (NASDAQ GS: PRIM) announced the results of the Company’s Annual Meeting of Stockholders held on May 4, 2022, at 9:00 a.m. Central time at the Company’s headquarters in Dallas, Texas.

At the meeting, stockholders approved the election of nine directors. The directors are: David L. King, Chairman, Primoris; Michael E. Ching, Global Head of Investment Research, Evaluserve; Stephen C. Cook, President and Principal Stockholder, Fieldstone Partners; Carla S. Mashinski, former Chief Financial Officer, Cameron LNG; Terry D. McCallister, former Chairman and Chief Executive Officer, WGL Holdings, Inc. and Washington Gas; Thomas E. McCormick, President and Chief Executive Officer of Primoris; Jose R. Rodriguez, former senior audit partner at KPMG LLP; John P. Schauerman, former Executive Vice President of Corporate Development, Primoris; and Patricia K. Wagner, former Group President of U.S. Utilities for Sempra Energy.

The stockholders also approved the ratification of the selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022.

Primoris Services Corporation’s 2022 Employee Stock Purchase Plan was also approved by stockholders and is in effect as of May 5, 2022.

David L. King, Chairman of the Board, said, “I want to thank our retiring board member, Robert Tinstman, whose industry experience and guidance have helped shape the path for Primoris. I also want to welcome our new board member, Michael Ching, whose career experience in both equities research and communications engineering complement our board’s existing strengths.”

“We thank our stockholders for their continued confidence in our strategy and management,” said Tom McCormick, President and Chief Executive Officer of Primoris. “We strive to earn that trust every day.”

Preng & Associates assisted in the Board search.

ABOUT PRIMORIS

Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.

Source Link: https://ir.prim.com/news-and-events/news-releases/2022/05-04-2022-220029728

Preng & Associates Completes the Search for a Non-Executive Director of Trinity Exploration & Production

By News & Media

Board - Nostrum Oil & Gas PlcTrinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that, having served on the Board for over five years, David Segel is stepping down from his position as a Non-Executive Director of the Company.

David remains fully supportive of the Company’s long-term strategy and has worked closely with the Board to find a suitably qualified replacement. Following an extensive and thorough independent search process, the Company is delighted to announce the appointment of Kaat Van Hecke as an independent Non-Executive Director, replacing David, with immediate effect. Kaat will sit on the Audit and Remuneration Committees of the Board and will become the board member responsible for oversight of the HSSE function. Preng & Associates assisted in the search.

Kaat has over 25 years’ experience in the oil & gas industry and has a strong operations background, having started her career as a Production Engineer with ExxonMobil and Shell in Europe and Nigeria. As the Operations Planning Manager at Sakhalin Energy – in the far east of Russia – she played a key integration role in the start-up of the 450,000 boepd company. At OMV, Kaat led the first strategic review and new corporate planning cycle for Upstream to later become Senior Vice President Austria Upstream.

Kaat also has public company experience and currently holds independent Non-Executive Director roles at Nostrum Oil & Gas Plc and Glover Gas & Power B.V./ Axxela Limited. During Kaat’s tenure at Nostrum she spent nine months as Interim CEO in Kazakhstan whilst a permanent replacement was put in place.

David Segel commented:

“It has been an honour and privilege to serve on the board of Trinity for the past five years and as a shareholder I look forward to continuing to lend my support where appropriate. I would like to offer my best wishes to the Trinity team as they take the Company forward and deliver on their strategic plans.”

Nick Clayton, Non-Executive Chairman, commented:

“On behalf of the Company I am delighted to welcome Kaat to the team. Kaat has a strong operational and public company background, which will be a great asset as we focus on scaling our business. We would also like to place on record our thanks to David whose support has been instrumental in helping the Company to grow into the entity that it is today.”

Source Link: https://secureservercdn.net/198.71.233.83/f01.cc4.myftpupload.com/wp-content/uploads/2022/02/Trinity-Board_Appointment-22-02-22.pdf