HOUSTON, Feb. 27, 2017 /PRNewswire/ -- Flotek
Industries, Inc. (NYSE: FTK), a leading developer and distributor
of prescriptive chemistry-based technology, today announced the
appointment of Matt Marietta as
senior vice president of corporate development and investor
relations.
In this role, he will oversee investor relations, communicating
the company's growth strategy, financial performance and plans for
enhancing shareholder value to investors, analysts and other
external audiences. Additionally, he will lead business development
initiatives including M&A, joint ventures and investments.
Based out of Flotek's headquarters, he will serve on the company's
executive leadership team, reporting to Chief Executive Officer,
President & Chairman of the Board John W. Chisholm. He is
scheduled to join Flotek on March
1.
"Matt brings an ideal mix of expertise to this role, with a
strong track-record as a recognized financial analyst with
relationships spanning the company's investor and analyst base. His
deep knowledge of the energy and chemicals industries and strong
understanding of Flotek will benefit our company and stakeholders,"
said Chisholm. "I look forward to having Matt join my executive
leadership team to strengthen our relationships with the financial
community and drive further successes with our business
partners."
Matt joins Flotek from Stephens, Inc., where he was a publishing
sell-side analyst covering Flotek. He expanded the firm's energy
practice, ultimately leading its oilfield services equity research
team. He has been recognized by Institutional Investor and cited in
numerous publications including Reuters, CNBC, WSJ, Bloomberg as an
industry thought leader. Matt brings with him extensive industry
contacts, investor relationships and nearly 15 years of
shale-focused technical experience ranging from accounting to
reservoir valuations and SEC reporting.
"This is a pivotal moment for the energy industry – and a time
in which technology pioneers will make a profound difference and
transform the way business is done. Flotek is uniquely positioned
to lead this fundamental change, and I am looking forward to help
drive an exciting future for the company's shareholders," said
Marietta.
Matt began his career in the Barnett Shale in 2005 as an
independent land prospector during the beginning of the shale
revolution. He subsequently joined XTO Energy during its rapid
acquisition phase and assisted in the integration of acquired
properties across North America
into the enterprise. Prior to Stephens, Matt helped develop Exterran's
compression business after the merger of Hanover and Universal Compression while the
industry focus shifted to oil and wet gas plays, as well as develop
predictive models for shale production trends and future growth
opportunities.
About Flotek Industries, Inc.
Flotek is a developer and distributor of prescriptive
chemistry-based technology, including specialty chemicals, to
clients in the energy, consumer industrials and food & beverage
industries. Flotek's inspired chemists draw from the power of
solvents and oils of oranges to deliver solutions that enhance
energy production, cleaning products, foods & beverages and
fragrances. In the oil and gas sector, Flotek serves large 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 web site at
www.flotekind.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/flotek-appoints-matt-marietta-to-lead-investor-relations-and-corporate-development-300413773.html
SOURCE Flotek Industries, Inc.