Anthony Tripodo named Chief Financial Officer of Tesco Corporation
January 03 2007 - 6:19PM
PR Newswire (US)
Trading Symbol: "TESOF" on NASDAQ "TEO" on TSX HOUSTON, TX, Jan. 3
/PRNewswire-FirstCall/ -- Tesco Corporation ("TESCO") today
announced that Mr. Anthony Tripodo has been named Executive Vice
President and Chief Financial Officer of Tesco Corporation
effective January 8, 2007. Mr. Tripodo comes to TESCO with over 30
years of experience in advancing financial roles, most of which
were in the oil and gas industry. He started his career in 1974
working on tax and audit issues for Price Waterhouse and Company.
In 1980 Mr. Tripodo joined Baker Oil Tools in the finance
organization. He advanced steadily during his 17 year career at
Baker until his departure in 1997 as Vice President of Finance and
Administration for Baker Performance Chemicals. From 1997 to 2003
Mr. Tripodo functioned as Executive Vice President and President of
the Americas and also as Chief Financial Officer for Veritas DGC,
INC. Since 2003 Mr. Tripodo has been Managing Director of Arch
Creek Advisors, LLC as sole proprietor. Arch Creek specialized in
financial consulting and M&A advisory services for the oil and
gas industry. Mr. Tripodo graduated with a degree in accounting
from St. Thomas University in Florida. He has worked as a certified
public accountant in Florida and is a licensed broker dealer with
the SEC and NASD. He has been or is a board member for Helix Energy
Solutions Group Inc. (NYSE:HLX), Petroleum Geo-Services ASA (NYSE
ADR:PGS) and VETCO International Ltd. (Private). Mr. Julio
Quintana, TESCO President and Chief Executive Officer stated, "We
are very excited about attracting someone of Tony's caliber to
TESCO. The fact that Tony is willing to join us is but another
example of the recognition in the industry of TESCO's bright
future. Tony's extensive experience in transitioning and growing
public service companies will serve TESCO very well as we continue
to increase shareholder value." Mr. Tripodo replaces Mr. Michael
Kearney, who has chosen to leave TESCO to pursue other interests.
Mr. Quintana added, "I want to personally thank Mike for the time
and effort he put into moving TESCO to where we are today. TESCO
has experienced excellent growth over the last two years and Mike
helped make this happen. All of us at TESCO wish Mike the very best
in the coming years." Tesco Corporation is a global leader in the
design, manufacture and service of technology based solutions for
the upstream energy industry. The Corporation's mandate is to
change the way people drill wells by delivering safer and more
efficient solutions that add real value by reducing the costs of
drilling for and producing oil and gas. FORWARD-LOOKING STATEMENTS
This presentation contains statements that may constitute
"forward-looking statements" within the meaning of the US Private
Securities Litigation Reform Act of 1995. These statements include,
among others, statements regarding expectations of future revenues,
activities, capital expenditures and earnings and technical
results. These statements are based on current expectations that
involve a number of risks and uncertainties, which could cause
actual results to differ from those anticipated. These risks
include, but are not limited to: the background risks of the
drilling services industry (e.g. operational risks; potential
delays or changes in plans with respect to customers' exploration
or development projects or capital expenditures; the uncertainty of
estimates and projections relating to levels of rental activities;
uncertainty of estimates and projections of costs and expenses;
risks in conducting foreign operations (e.g. political and fiscal
instability) and exchange rate fluctuations); uncertainty and risks
in technical results and performance of technology; and other
uncertainties. DATASOURCE: Tesco Corporation CONTACT: James Lank,
(713) 359-7104, Tesco Corporation
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