HOUSTON, May 24, 2024
/PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company")
(NYSE: FTK) today announced that David
Nierenberg is stepping down from his position as a member of
the Company's Board of Directors.
Harsha V. Agadi, Chairman of the
Board of Directors of Flotek, said, "David's leadership during his
six years of service has played a pivotal role in the Company's
turnaround. David has provided the board unmatched corporate
governance expertise as well as deep strategic insights helping the
Company to achieve operational and financial success while
navigating the volatility inherent in the industry. During David's
tenure, annual revenues have more than quadrupled since 2021
resulting in the Company achieving its first year of profitability
since 2017. On behalf of my fellow directors, we wish him success
in all his future endeavors."
Ryan Ezell, Chief Executive
Officer, said, "I am grateful to David for his years of service and
the personal career mentorship and counsel he provided me during my
time at Flotek. David's contributions to placing us back on the
path to profitability and restoring the Flotek brand as a leading
provider of sustainable chemistry and data solutions cannot be
overstated. In every regard, David leaves the Company in far better
shape than when he arrived."
About Flotek Industries, Inc.
Flotek Industries, Inc. is an advanced technology-driven, green
chemical and data analytics company providing unique and innovative
completion solutions that have a proven, positive impact on
sustainability and reducing the overall environmental impact of
energy on air, land, water and people. Flotek has an intellectual
property portfolio of over 170 patents and a global presence in
more than 15 countries throughout North
America, Latin America, the
Middle East and North Africa. Flotek has established
collaborative partnerships focused on sustainable and optimized
chemistry and data solutions which improve well performance and
allow its customers to generate higher returns on invested
capital.
Flotek is based 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.
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SOURCE Flotek Industries, Inc.