Nuverra Announces Key Additions to Senior Leadership Team
April 15 2014 - 8:00AM
Business Wire
- Joseph M. Crabb Named Executive VP and
Chief Legal Officer
- Stephen K. London Named Vice President
of Business Development
Nuverra Environmental Solutions, Inc. (NYSE:NES) (“Nuverra”), a
leading provider of full-cycle environmental solutions to energy
and industrial end-markets, today named Joseph M. Crabb as
Executive Vice President and Chief Legal Officer, and Stephen K.
London as Vice President of Business Development.
Mark D. Johnsrud, Chief Executive Officer, commented, “We are
very excited and fortunate to welcome two highly experienced and
respected professionals to the Nuverra leadership team. Both Joe
and Steve bring proven track records of exceptional performance in
corporate and industry settings that will support our continued
expansion in shale oil and natural gas markets throughout the
country. Management depth is a key factor in the success of growth
companies like ours, and adding such outstanding executives
strengthens our position to meet the energy industry’s
rapidly-growing demand for innovative environmental solutions.”
Mr. Crabb joins Nuverra from Squire Sanders LLP, where he was a
partner and group leader of the corporate practice group in the
firm’s Phoenix office. Mr. Crabb brings more than 20 years of
experience in the areas of corporate finance securities reporting,
corporate governance, and merger, acquisition, and divestiture
transactions. While at Squire Sanders, Mr. Crabb acted as Nuverra’s
outside counsel and assisted the Company with key initiatives
related to corporate finance; merger, acquisition and divestiture
transactions; corporate governance; and litigation, among other
projects.
Mr. London joins Nuverra following 34 years with Halliburton in
a variety of roles, most recently serving as Account Vice President
based in the company’s Houston office. During his tenure with
Halliburton, Mr. London led global expansion and account management
efforts for select major accounts and was responsible for the
pursuit, growth and maintenance of key business relationships. His
expertise includes developing and implementing the strategies to
grow and maintain successful long-term commercial relationships in
the energy industry.
About Nuverra Environmental Solutions, Inc.
Nuverra Environmental Solutions is among the largest companies
in the United States dedicated to providing comprehensive and
full-cycle environmental solutions to customers in energy and
industrial end-markets. Nuverra focuses on the delivery,
collection, treatment, recycling, and disposal of restricted
solids, water, wastewater, used motor oil, spent antifreeze, waste
fluids and hydrocarbons. The Company continues to expand its suite
of environmentally compliant and sustainable solutions to customers
who demand stricter environmental compliance and accountability
from their service providers.
Interested parties can access additional information about
Nuverra on the Company's web site at http://www.nuverra.com, and in
documents filed with the United States Securities and Exchange
Commission, on the SEC's web site at http://www.sec.gov.
Forward-Looking Statements
This press release may contain "forward-looking statements"
within the meaning of the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995. Words such
as "expect," "estimate," "project," "budget," "forecast,"
"anticipate," "intend," "plan," "may," "will," "could," "should,"
"believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements in the press release
include, without limitation, statements regarding potential growth
and other matters that involve known and unknown risks,
uncertainties and other factors that may cause liquidity, access to
capital, operating results, financial performance or other matters
to differ materially from those expressed or implied by this press
release. Such risk factors include, among others: difficulties
encountered in acquiring and integrating businesses; uncertainties
in evaluating goodwill and long-lived assets for potential
impairment; potential impact of litigation; risks of successfully
consummating expected transactions within the timeframes or on the
terms contemplated, including risks that such transactions may fail
to close due to unsatisfied closing conditions; whether certain
markets grow as anticipated; pricing pressures; risks associated
with our indebtedness; changes in oil and or natural gas prices;
changes in customer drilling activities and capital expenditure
plans; shifts in production among shale areas; control of costs and
expenses; business, regulatory and other factors impacting the
capital markets; changes in the Company’s asset base and borrowing
capacity under credit facilities; and the competitive and
regulatory environment. Additional risks and uncertainties are set
forth in the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2013, as well as the Company's other
reports filed with the United States Securities and Exchange
Commission, which are available at http://www.sec.gov/ as well as
the Company's web site at http://www.nuverra.com/. As a result of
the foregoing considerations and the other limitations of non-GAAP
measures described elsewhere herein, you are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this presentation. All forward-looking
statements are qualified in their entirety by this cautionary
statement. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Nuverra Environmental Solutions, Inc.Liz Merritt,
602-903-7802VP-Investor Relations &
Communicationsir@nuverra.comorThe Piacente Group, Inc.Brandi
Piacente, 212-481-2050Presidentnuverra@tpg-ir.com