Organizational Changes Also Announced

Exterran Corporation (NYSE:EXTN) (“Exterran” or the “Company”) today announced the appointment of a new senior executive and organizational changes designed to position the Company for long-term growth.

Girish Saligram has joined Exterran as President, Global Services. Saligram has been with GE for the last 20 years and most recently was General Manager, Downstream Products & Services, GE Oil & Gas, based in Houston. Prior to that, he led the GE Oil & Gas Contractual Services business based in Florence, Italy.

Saligram holds a Master’s Degree in Computer Science from Virginia Tech and an MBA from Northwestern University. He holds two patents and is certified as a Six Sigma Black Belt.

The Global Services group was previously led by Steven Muck. Muck has been appointed to serve as Senior Vice President of a new organization created to combine the Company’s global engineering and product line management.

Exterran President and Chief Executive Officer Andrew Way said: “Girish Saligram will contribute significant value to Exterran’s success as we focus on our international services business and position the Company for long-term growth.”

About Exterran Corporation

Exterran Corporation (NYSE: EXTN) is a market leader in compression, production and processing products and services, serving customers throughout the world engaged in all aspects of the oil and natural gas industry. Its global product lines include natural gas compression, process & treating and production equipment and water treatment solutions. Outside the United States, Exterran Corporation is a leading provider of full-service natural gas contract compression and a supplier of new, used, OEM and aftermarket parts and services. Exterran Corporation is headquartered in Houston, Texas and operates in approximately 30 countries.

For more information, visit www.exterran.com.

Forward-Looking Statements

All statements in this release (and oral statements made regarding the subjects of this release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside Exterran Corporation’s (“Exterran”) control, which could cause actual results to differ materially from such statements. Forward-looking information includes, but is not limited to, Exterran’s expectations regarding the anticipated timing and results of the Audit Committee’s internal investigation; the anticipated timing for filing restated financial statements with the SEC; and the impact and materiality of errors on the Company’s financial statements.

While Exterran believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. Among the factors that could cause results to differ materially from those indicated by such forward-looking statements are unanticipated delays in completing the Audit Committee’s internal investigation, the preparation and audit of the Company’s previously filed financial statements and the implementation of changes to the Company’s internal controls and procedures.

These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in Exterran’s Annual Report on Form 10-K for the year ended December 31, 2015, Exterran’s Registration Statement on Form 10 and Exterran’s other filings with the SEC, which are available at www.exterran.com. Except as required by law, Exterran expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

Exterran CorporationInvestorsGreg Rosenstein, 281-854-3199MediaGeorge Smalley, 281-854-3163

Exterran (NYSE:EXTN)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Exterran Charts.
Exterran (NYSE:EXTN)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Exterran Charts.