MIDLAND, Texas, June 20, 2016 /PRNewswire/ -- CSI Compressco LP
(NASDAQ: CCLP) ("CSI Compressco" or the "Partnership") today
announced the appointment of Derek C.
Coffie as Chief Financial Officer of CSI Compressco. Mr.
Coffie will be responsible for managing the Partnership's finance
and accounting functions. He will report to Timothy A. Knox, President of CSI
Compressco. Mr. Coffie succeeds Elijio V. Serrano, who has served as the
Partnership's interim Chief Financial Officer ("CFO") since
August 2015. Mr. Serrano, who will
continue as Senior Vice President and CFO of TETRA Technologies,
Inc. (NYSE:TTI), will work with Mr. Coffie to ensure a smooth
transition.
Mr. Coffie has over 35 years of accounting and financial
management experience, working in a variety of industries,
including agribusiness, manufacturing and land-based diesel engine
services. Mr. Coffie joins CSI Compressco from United Holdings, a
subsidiary of Kirby Corporation (NYSE:KEX), where he served as Vice
President Finance and Controller since 2015. United Holdings
provides the energy sector with equipment for oil fracturing and
diesel engine repair services. From 2008 to 2014, Mr. Coffie served
as Vice President and Chief Financial Officer of Lennox
International's Heatcraft Worldwide Refrigeration division. From
2002 to 2008, he served as controller for Johnson Outdoors.
Earlier roles include finance director of Steelcase Inc., director
of finance of Johnson Controls Inc., and group controller of
Illinois Tool Works. Mr. Coffie began his career at Monsanto,
a sustainable agriculture company, where he held various financial
and management roles with increasing responsibility during his 16
year tenure. He earned a Bachelor of Science in Accounting
from Tennessee State University and an
MBA from Washington University's
Olin School of Business.
Tim Knox, President of CSI
Compressco said, "I am very pleased to welcome Derek to the CSI
Compressco executive team. Derek has a proven track record of
executing growth strategies and leading the finance and accounting
group at several publically-traded companies. We are excited
to get him plugged in and look forward to the contributions that he
will bring in driving performance improvement to impact shareholder
value."
CSI Compressco Overview
CSI Compressco is a provider of compression services and
equipment for natural gas and oil production, gathering,
transportation, processing, and storage. CSI Compressco's
compression and related services business includes a fleet of over
6,000 compressor packages providing in excess of 1.1 million in
aggregate horsepower, utilizing a full spectrum of low-, medium-,
and high-horsepower engines. CSI Compressco also provides well
monitoring and automated sand separation services in conjunction
with compression services in Mexico. CSI Compressco's equipment sales
business includes the fabrication and sale of standard compressor
packages, custom-designed compressor packages, and oilfield fluid
pump systems designed and fabricated primarily at our facility in
Midland, Texas. CSI Compressco's
aftermarket business provides compressor package reconfiguration
and maintenance services as well as the sale of compressor package
parts and components manufactured by third-party suppliers. CSI
Compressco's customers comprise a broad base of natural gas and oil
exploration and production, mid-stream, transmission, and storage
companies operating throughout many of the onshore producing
regions of the United States as
well as in a number of foreign countries, including Mexico, Canada, and Argentina. CSI Compressco is managed by CSI
Compressco GP Inc., which is an indirect, wholly owned subsidiary
of TETRA Technologies, Inc. (NYSE: TTI).
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SOURCE CSI Compressco LP