Cameron Elects Jack B. Moore as President & COO
November 10 2006 - 11:00AM
PR Newswire (US)
* Sheldon R. Erikson to Continue as Chairman & CEO of Cameron *
John D. Carne named President of Drilling & Production Systems
* James E. Wright Becomes President of Valves & Measurement
HOUSTON, Nov. 10 /PRNewswire-FirstCall/ -- Cameron's (NYSE:CAM)
board of directors has elected Jack B. Moore as president and chief
operating officer of the Company, effective January 1, 2007. Moore
currently serves as president of Cameron's Drilling &
Production Systems (DPS) group, and is a senior vice president of
Cameron. Sheldon R. Erikson, currently chairman, president and
chief executive officer, will continue to serve as chairman and CEO
of the Company. Also, the board has named John D. Carne, president
of the Valves & Measurement (V&M) group, to replace Moore
as president of the DPS organization, and James E. Wright,
currently president of the Distributed & Process Valves
division within V&M, to replace Carne as president of the
V&M group. In addition, Wright has been elected as a vice
president of Cameron. Their appointments are also effective January
1, 2007. "Each of these gentlemen brings a combination of talents
and experience that make them well-suited for their expanded
roles," Erikson said. "Jack has the leadership skills and industry
knowledge necessary to take on a larger role as operating head of
the Company, and I look forward to partnering with him more closely
in our efforts to continue Cameron's solid operating and financial
performance. In addition, John has done an outstanding job of
managing the V&M group through a period of growth and
expansion, and Jim brings a wide range of international experience
to his new role overseeing what has now become a billion-dollar
business in the V&M group." Erikson also said he will continue
to be hands-on in his day-to-day role as CEO of the Company. Moore
was named president of the DPS organization (formerly the Cameron
division) in July 2002. He joined Cameron in July 1999 as vice
president and general manager, Western Hemisphere, after 23 years
with Baker Hughes Incorporated, where he held a variety of
marketing, manufacturing and human resources positions. He holds a
BBA degree in finance and marketing from the University of Houston.
Carne has been president of the V&M group since April 2002, and
has overseen its growth from less than $300 million in revenues to
more than $1 billion in 2006. He joined the Company in 1971, and
has held a variety of management positions across all of Cameron's
operations, including assignments as plant manager for the DPS
group's Leeds, England facility and as operations director for
DPS's Eastern Hemisphere. He will also continue to be a senior vice
president of Cameron. Wright has been with the Company since 1979
and was named president of the Distributed & Process Valves
division within V&M in 2005. He previously served as vice
president and general manager of the Distributed Products group,
and has extensive domestic and international experience with
various divisions within the Company. Cameron is a leading provider
of flow equipment products, systems and services to worldwide oil,
gas and process industries. DATASOURCE: Cameron CONTACT: R. Scott
Amann, Vice President, Investor Relations of Cameron,
+1-713-513-3344 Web site: http://www.c-a-m.com/
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