THE WOODLANDS, Texas,
Nov. 16, 2017 /PRNewswire/ -- Newpark
Resources, Inc. (NYSE: NR) today announced that John C. Mingé has
been appointed as a new member to its board of directors, effective
December 1, 2017.
Mr. Mingé is the Chairman and President of BP America, Inc., a
subsidiary of BP plc (NYSE: BP), comprised of BP business units
involved in exploration and production, refining, chemicals, supply
and trading, pipeline operations, shipping, and alternative
energy. During his 34-year career with BP, Mr. Mingé has held
a variety of executive and engineering posts around the globe,
including assignments as head of BP's Asia Pacific Unit, President
of BP Indonesia, and president of exploration and production for
Vietnam and China. Mr. Mingé currently serves as an
executive committee and board member of the American Petroleum
Institute, as well as board memberships with the National
Association of Manufacturers, the U.S. Chamber of Commerce, the
Rice/Kinder Institute for Urban Research and the Washington State University Foundation. He also is
a member of the board of trustees for Ford's Theater, serves on the
executive committee for the Greater Houston Partnership, and is on
the University of Houston's Energy
Advisory Board. He holds a Bachelor of Science degree in mechanical
engineering from Washington State
University.
Mr. Mingé will also serve as a member of Newpark's Audit
Committee, Compensation Committee, and Nominating and Governance
Committee.
Commenting on the appointment, David C.
Anderson, Chairman of Newpark's Board of Directors, stated,
"I am very pleased to welcome John to our Board of Directors and
I'm confident that his business experience will strengthen our
board and help advance Newpark's strategic priorities. John
exemplifies the values of our Company and we look forward to
benefiting from his experiences, perspectives and insights."
Newpark Resources, Inc. is a worldwide provider of value-added
drilling fluids systems and composite matting systems used in
oilfield and other commercial markets. For more information,
visit our website at www.newpark.com.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act that are
based on management's current expectations, estimates and
projections. All statements that address expectations or
projections about the future, including Newpark's strategy for
growth, product development, market position, expected expenditures
and future financial results are forward-looking statements. Some
of the forward-looking statements may be identified by words like
"expects," "anticipates," "plans," "intends," "projects,"
"indicates," and similar expressions. These statements are not
guarantees of future performance and involve a number of risks,
uncertainties and assumptions. Many factors, including those
discussed more fully elsewhere in this release and in documents
filed with the Securities and Exchange Commission by Newpark,
particularly its Annual Report on Form 10-K for the year ended
December 31, 2016, as well as others, could cause results to
differ materially from those expressed in, or implied by, these
statements. These risk factors include, but are not limited to,
risks related to the worldwide oil and natural gas industry, our
customer concentration and reliance on the U.S. exploration and
production market, risks related to our international operations,
the cost and continued availability of borrowed funds including
noncompliance with debt covenants, operating hazards present in the
oil and natural gas industry, our ability to execute our business
strategy and make successful business acquisitions and capital
investments, the availability of raw materials and skilled
personnel, our market competition, compliance with legal and
regulatory matters, including environmental regulations, the
availability of insurance and the risks and limitations of our
insurance coverage, potential impairments of long-lived intangible
assets, technological developments in our industry, risks related
to severe weather, particularly in the U.S. Gulf Coast,
cybersecurity breaches or business system disruptions and risks
related to the fluctuations in the market value of our common
stock. Newpark's filings with the Securities and Exchange
Commission can be obtained at no charge at www.sec.gov, as well as
through our website at www.newpark.com.
Contacts:
|
Gregg
Piontek
|
|
Vice President, Chief
Financial Officer
|
|
Newpark Resources,
Inc.
|
|
gpiontek@newpark.com
|
|
281-362-6800
|
View original
content:http://www.prnewswire.com/news-releases/newpark-appoints-new-member-to-its-board-of-directors-300557889.html
SOURCE Newpark Resources, Inc.