HOUSTON, Jan. 9, 2018 /PRNewswire/ -- Flotek Industries,
Inc. (NYSE: FTK), a leading developer and distributor of
prescriptive chemistry-based technology, today announced the
appointment of William H. York as
Chief Administrative Officer.
In this role, he will oversee the human resources, information
technology, safety and administrative functions of the company,
reporting directly to Chief Executive Officer, President &
Chairman of the Board John W. Chisholm.
"Bill brings a depth and diversity of experience to Flotek and
has built a strong reputation as a highly effective leader who
delivers significant value to the businesses he supports. He will
draw on his deep experience from a very accomplished career in
human resources, talent development, recruitment, technology and
banking to benefit our company," said Chisholm. "As I have
evaluated the needs of leadership to position Flotek into the
future, I am excited to have Bill join a leadership team that is
both streamlined and built to maximize impact. Bill will help
continue our efforts to maximize our personnel and enhance our
profitability as an organization."
Bill joins Flotek from Tudor Lewis, a leading executive talent
search firm that he founded. Prior to launching the firm, Bill was
with TMP/Highland Partners Executive Search working in the
Technology, Financial Services and Human Resources practices.
Before that, Bill was the Senior Vice President, Staffing for Bank
of America, where he managed a large staffing team responsible for
supporting technology, operations, finance, legal, risk, marketing
and the office of the chairman. During his tenure at Bank of
America, the bank successfully executed three major acquisitions
and Bill's responsibilities and role grew with each merger.
Prior to joining Bank of America, Bill spent nine years at
Compaq Computer Corporation in a variety of leadership roles. He
spent five years as the staffing executive for North America and later became responsible for
the initial staffing efforts for the Latin America, Japan, Consumer, Government & Education,
DirectPlus (Telephone), and Professional Services business units.
During his time at Compaq, sales for the organization grew from
$650 million to over $25 billion.
Along with these changes, Jim
Kulina, Vice President of Human Resources and Business
Administration, will retire from the company. Jim has served Flotek
for five years and has been instrumental in the company's growth
initiatives and restructuring of its core segments.
New Distillation Unit Expands Citrus Oil Processing
Capacity
Additionally, Flotek announced that its new vacuum distillation
unit has been installed at its Winter
Haven, FL, facility and is fully operational.
The custom 20-drum unit will enhance and expand the company's
citrus oil processing efficiency and capacity. With more than 50
theoretical plates to advance greater fractional distillation
capabilities, the unit is fully integrated into the company's
autonomous distillation operations. Today, the company has a total
of eight commercial distillation units dedicated to refining citrus
oils and creating unique flavor and fragrance molecules.
"The installation of our new, state-of-the art distillation
tower underscores our commitment to the industry and helps to
solidify our position as one of the largest creators of citrus oil
fractions, isolates and derivatives in the world. Further, it
allows us to diversify our citrus processing capability to include
lemon and lime cultivars," said Josh
Snively, Executive Vice President of Operations at Flotek
and President of Florida Chemical Company. "This unit enables us to
leverage our industry-leading separation capacity and efficiency to
achieve economies of scale. We are excited to continue to
capitalize on our strong position in the global citrus
markets."
Time-lapse footage of the distillation unit installation at
Florida Chemical Company can be viewed here.
About Flotek Industries, Inc.
Flotek develops and delivers prescriptive chemistry-based
technology, including specialty chemicals, to clients in the
energy, consumer industrials and food & beverage industries.
Flotek's inspired chemists draw from the power of bio-derived
solvents to deliver solutions that enhance energy production,
cleaning products, foods & beverages and fragrances. In the oil
and gas sector, Flotek serves major and independent energy
producers and oilfield service companies, both domestic and
international. Flotek Industries, Inc. is a publicly traded company
headquartered in Houston, Texas,
and its common shares are traded on the New York Stock Exchange
under the ticker symbol "FTK." For additional information, please
visit Flotek's web site at www.flotekind.com.
Forward-Looking Statements
Certain statements set forth in this Press Release constitute
forward-looking statements (within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934) regarding Flotek Industries, Inc.'s business,
financial condition, results of operations and prospects. Words
such as expects, anticipates, intends, plans, believes, seeks,
estimates and similar expressions or variations of such words are
intended to identify forward-looking statements, but are not the
exclusive means of identifying forward-looking statements in this
Press Release.
Although forward-looking statements in this Press Release reflect
the good faith judgment of management, such statements can only be
based on facts and factors currently known to management.
Consequently, forward-looking statements are inherently subject to
risks and uncertainties, and actual results and outcomes may differ
materially from the results and outcomes discussed in the
forward-looking statements. Factors that could cause or contribute
to such differences in results and outcomes include, but are not
limited to, demand for oil and natural gas drilling services in the
areas and markets in which the Company operates, competition,
obsolescence of products and services, the Company's ability to
obtain financing to support its operations, environmental and other
casualty risks, and the impact of government regulation.
Further information about the risks and uncertainties that may
impact the Company are set forth in the Company's most recent
filings on Form 10-K (including without limitation in the "Risk
Factors" Section), and in the Company's other SEC filings and
publicly available documents. Readers are urged not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this Press Release. The Company undertakes no
obligation to revise or update any forward-looking statements in
order to reflect any event or circumstance that may arise after the
date of this Press Release.
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SOURCE Flotek Industries, Inc.