Perma-Pipe International Holdings Announces the Appointment of D. Bryan Norwood as Vice President and CFO
October 01 2018 - 5:21PM
Business Wire
Long time financial executive Karl J.
Schmidt informed the Board of his intention to retire. PPIH
announces appointment of Oil and Gas industry veteran D. Bryan
Norwood to the role of Vice President and CFO
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today
announced changes to its executive team, including the appointment
of Mr. D. Bryan Norwood as Vice President and CFO effective
November 01, 2018. As Vice President and CFO, Bryan is charged with
leadership, oversight and execution of all PPIH financial matters
and serves as a key business advisor to the senior leadership team
and Board of Directors. Bryan replaces long time financial
executive Mr. Karl J. Schmidt who informed the board of his
retirement from PPIH effective October 31, 2018.
President and CEO David Mansfield commented, “I am pleased that
Bryan has agreed to join PPIH as Vice President and CFO to lead the
company’s Finance group. In addition to his financial
responsibilities, Bryan provides leadership to the IT and Legal
functions, serves a member of the Ethics and Compliance Committee
and acts as Corporate Secretary to the Board. Bryan’s background
and scope of experience in the Oil and Gas industry will add
momentum through the transition and ultimately have a positive
impact to this critical role. I am convinced Bryan’s success in the
industry, leadership skills and his sense of urgency will
complement our vision and impact our continued growth and success
in our industry.”
Bryan has extensive experience working globally including North
and South America, Europe, Asia, Middle East and the United
Kingdom. His scope of experience covers both public and private
sectors in a variety of industries including Environmental and
Energy Services, Oil and Gas, Engineering, and Data Systems. Bryan
joins us from Key Energy Services, Inc. which provides innovative
energy production solutions and services to the Oil and Gas
industry. Prior to that, Bryan served at API Perforating, LLC,
Dupre’ Energy Services, LLC, HydroChemPSC Environmental Services,
and Shawcor. Over his career, Bryan has held a variety of financial
leadership roles in treasury, tax, audit and accounting.
Chairman of the Board David S. Barrie commented, “The Board
welcomes Bryan in joining the company as Vice President and CFO. We
are excited by the breadth of financial experience and industry
knowledge he brings to PPIH. We have no doubt that Bryan will play
a key role, as we continue to build the PPIH brand and business
globally.”
Mr. Norwood commented, “I'm excited to join the team at PPIH and
look forward to helping drive the Company's performance and
capabilities.”
Mr. Mansfield concluded, “I would like to extend my sincere
thanks to Karl for the significant contributions he has made to the
company. He has played an instrumental role in many of the changes
in the Company’s strategic direction during his tenure and wish him
the very best in his retirement.”
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a
global leader in pre-insulated piping and leak detection systems
for oil and gas gathering, district heating and cooling, and other
applications. It uses its extensive engineering and fabrication
expertise to develop piping solutions that solve complex challenges
regarding the safe and efficient transportation of many types of
liquids. In total, Perma-Pipe has operations at seven locations in
five countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20181001006015/en/
Perma-Pipe International Holdings, Inc.David Mansfield,
President and CEOPerma-Pipe Investor
Relations847.929.1200investor@permapipe.com
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