HOUSTON, Feb. 5, 2020 /PRNewswire/ -- Flotek Industries,
Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that
Nick Bigney has joined the
organization as Senior Vice President, General Counsel and
Corporate Secretary. In this role, he will lead the Company's legal
strategy, securities filings, corporate governance, compliance and
risk assessment programs, and dispute resolution and litigation, as
well as commercial transactional work related to organic and
inorganic activities. He will be based in Houston and report to Flotek's Chief Executive
Officer, President & Chairman of the Board, John W. Gibson, Jr.
Nick joins Flotek from Oiltanking North America, where he served
as Vice President, General Counsel & Secretary. In this role,
he was a member of the executive team and oversaw a broad scope of
legal and corporate responsibilities, including corporate
governance, compliance, merger and acquisitions, commercial
contracts and joint ventures, as well as developing corporate and
functional policies. Prior to this role, Nick spent eight years in
roles of increasing seniority at Nabors, where he was responsible
for corporate financing and securities, mergers and acquisitions,
complex transactions and corporate governance matters. Nick began
his law career in New York at
Milbank in their Project, Energy and Infrastructure Finance Group
before moving to Skadden, Arps, Slate, Meagher & Flom's Energy
and Infrastructure Projects Group in Houston.
"We are excited to have Nick join the executive team at Flotek.
He brings deep industry experience with broad capabilities across a
spectrum of legal and corporate issues. Nick is my first hire at
Flotek, which marks a significant pivot for the Company to bring
strategic resources in-house that will not only help us rationalize
external spend, but also help Flotek become a more effective
organization. I am confident his contributions will enable the
Company to deliver value to our shareholders through streamlined
resourcing and decision making, as well as more effective risk
assessment and mitigation," said Gibson.
"I am honored to join the experienced and dedicated leadership
team at Flotek. Prior to joining Flotek, I saw a critical need for
technology solutions that could deliver long-term value to the
upstream E&P sector, and Flotek's advanced and unique chemistry
solutions are poised to address the complex challenges facing them.
I am excited to partner with John and the executive team to write
Flotek's next chapter of success," said Bigney.
Nick attended Brigham Young
University for his undergraduate education, where he
received a Bachelor's of Arts in Japanese and a Minor in Economics.
He received his Juris Doctorate from Columbia Law School. He is a
member of the New York and
Texas state bars.
About Flotek Industries, Inc.
Flotek develops and
delivers reservoir-centric chemistry technologies to oil and gas
clients designed to address every challenge in the lifecycle of the
reservoir and maximize recovery in both new and mature fields.
Flotek's chemists draw from the power of bio-derived solvents to
deliver solutions that enhance energy production. Flotek serves
major and independent energy producers and oilfield service
companies, both domestic and international. Flotek Industries, Inc.
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 Flotek's website at
www.flotekind.com.
Forward-Looking Statements
Certain statements set
forth in this Press Release constitute forward-looking statements
(within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934) regarding
Flotek Industries, Inc.'s business, financial condition, results of
operations and prospects. Words such as expects, anticipates,
intends, plans, believes, seeks, estimates and similar expressions
or variations of such words are intended to identify
forward-looking statements, but are not the exclusive means of
identifying forward-looking statements in this Press Release.
Although forward-looking statements in this Press Release
reflect the good faith judgment of management, such statements can
only be based on facts and factors currently known to management.
Consequently, forward-looking statements are inherently subject to
risks and uncertainties, and actual results and outcomes may differ
materially from the results and outcomes discussed in the
forward-looking statements. Factors that could cause or contribute
to such differences in results and outcomes include, but are not
limited to, demand for oil and natural gas drilling services in the
areas and markets in which the Company operates, competition,
obsolescence of products and services, the Company's ability to
obtain financing to support its operations, environmental and other
casualty risks, and the impact of government regulation.
Further information about the risks and uncertainties that may
impact the Company are set forth in the Company's most recent
filings on Form 10-K (including without limitation in the "Risk
Factors" Section), and in the Company's other SEC filings and
publicly available documents. Readers are urged not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this Press Release. The Company undertakes no
obligation to revise or update any forward-looking statements in
order to reflect any event or circumstance that may arise after the
date of this Press Release.
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SOURCE Flotek Industries, Inc.