THE WOODLANDS, Texas,
Dec. 20, 2017 /PRNewswire/
-- Newpark Resources, Inc. (NYSE: NR) today announced the
appointment of Rose M. Robeson to
its board of directors, effective January 1,
2018.
Ms. Robeson brings significant leadership experience in finance
and accounting in the energy industry, currently serving on the
Board of Directors of two industry companies including SM Energy
Company, a publicly-traded independent exploration and production
company, and AMGP GP LLC, the general partner of Antero Midstream
GP LP, a publicly-traded limited partnership that owns the general
partner of Antero Midstream Partners LP. Prior to her Board
service, Ms. Robeson served as Senior Vice President and Chief
Financial Officer of the general partner of DCP Midstream Partners
LP from 2012 until her retirement in 2014. She served as Group Vice
President and Chief Financial Officer of DCP Midstream LLC from
2002 to 2012. Her 33-year career began in public accounting
with McGladrey & Pullen and Ernst & Young, after which she
held a variety of executive finance positions at Total Petroleum,
Kinder Morgan, and DCP Midstream.
Ms. Robeson also serves on the non-profit board of the Rocky
Mountain Chapter of JDRF International (formerly Juvenile Diabetes
Research Foundation). She holds a Bachelor of Science degree
in accounting from Northwest Missouri State
University.
Ms. Robeson will serve as a member of Newpark's Audit
Committee, Compensation Committee and Nominating and Governance
Committee.
"We are very pleased to welcome Rose to our board and look
forward to her contributions," said David
C. Anderson, Chairman of Newpark's Board of Directors.
"Newpark is committed to having a Board of Directors with broad
skillsets, perspectives and work experiences as we continue to
advance our business strategy. Rose is an accomplished
finance executive and a veteran board member in both the public and
nonprofit sectors, and we are confident that Newpark will benefit
from her insights, judgment and counsel."
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
|
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SOURCE Newpark Resources, Inc.