Frank’s International Announces the Appointment of Michael Kearney as President and Chief Executive Officer
September 27 2017 - 8:00AM
Frank’s International N.V. (NYSE:FI) (“Frank’s” or the “Company”)
today announced that its Board of Supervisory Directors has named
Michael C. Kearney as President and Chief Executive Officer
effective immediately, in addition to his ongoing role as
Chairman. Mr. Kearney has served on Frank’s Board of
Supervisory Directors since 2013 and has over 25 years of upstream
energy executive and Board experience, principally in the oil
services sector. Mr. Kearney replaces Douglas G. Stephens who
has left the Company and its Board of Supervisory Directors to
pursue other interests.
Mr. Kearney was appointed to the Company’s
Supervisory Board in 2013 and was Lead Supervisory Director from
May 2014 until December 2015, when he was named Chairman. In
addition, he has served on the Audit Committee since 2013 and the
Compensation Committee from 2014 until 2016.
Mr. Kearney previously served as President
and Chief Executive Officer of DeepFlex Inc., a privately-held oil
service company which was engaged in the manufacture of flexible
composite pipe used in offshore oil and gas production, from
September 2009 until June 2013, and had served as the Chief
Financial Officer of DeepFlex Inc. from January 2008 until
September 2009. Mr. Kearney served as Executive Vice President
and Chief Financial Officer of Tesco Corporation from October 2004
to January 2007. From 1998 until 2004, Mr. Kearney
served as the Chief Financial Officer and Vice
President—Administration of Hydril Company.
In addition to his executive experience Mr.
Kearney’s oil service experience extends to serving on the Board of
Core Laboratories from 2004 until 2017, most recently as its Lead
Director, and currently serving on the Board and Audit Committee of
Fairmount Santrol since 2015. Mr. Kearney received a Bachelor
of Business Administration from Texas A&M University as well as
a Master of Science degree in Accountancy from the University of
Houston.
William Berry, who has been named Lead Director
of the Frank’s Supervisory Board, effective immediately, commented,
“We are very pleased to have Mike Kearney agree to serve as our new
President and CEO. Mike is extremely familiar with Frank’s
given his service on our Board since 2013. He will also
continue to be an exceptionally valuable Board member. His
many years of senior executive experience in both financial and
operational roles with public and private companies in the oil
field services sector of the industry makes him particularly well
qualified to assume the Chief Executive Officer role at
Frank’s.”
Mr. Kearney commented, “It is a privilege to be
asked to serve as Frank’s senior executive. I have the
greatest respect for all our employees and their commitment to the
highest degree of safety, operational excellence and innovation in
the industry. I look forward to working closely with the
entire management team, my fellow Board members and our employees
that I have come to know and respect over the last four
years.”
About Frank’s International
Frank’s International N.V. is a global oil
services company that provides a broad and comprehensive range of
highly engineered tubular running services, tubular fabrication,
and specialty well construction and well intervention solutions
with a focus on complex and technically demanding wells. Founded in
1938, Frank’s has approximately 3,000 employees and provides
services to leading exploration and production companies in both
onshore and offshore environments in approximately 60 countries on
six continents. The Company’s common stock is traded on the NYSE
under the symbol “FI.” Additional information is available on
the Company’s website, www.franksinternational.com.
Contacts:Kyle McClure, Senior
Vice President, Chief Financial
Officerkyle.mcclure@franksintl.com713-231-2548Blake Holcomb,
Director – Investor Relations and
Communicationsblake.holcomb@franksintl.com713-231-2463
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