Forum Energy Technologies Announces C. Christopher Gaut as CEO
December 03 2018 - 6:45AM
Business Wire
Forum Energy Technologies, Inc. (NYSE: FET) announced today that
C. Christopher Gaut has been named Chief Executive Officer of the
Company by the Board of Directors to replace Prady Iyyanki. Mr.
Gaut will continue to serve as Chairman of the Board.
Cris Gaut commented, “Forum is a strong company with tremendous
talent and significant upside potential. It is a privilege to be
asked to lead the company once again. We will be working very hard
to drive superior execution, improve margins and generate free cash
flow. There is a wealth of untapped value within Forum and I am
excited to get to work.”
“We sincerely thank Prady for his dedication, loyalty and
contributions to Forum, and wish him well in the future,” added
Gaut.
Mr. Gaut is a seasoned oil and gas industry executive. He has
served as a member of Forum’s Board of Directors since 2006 and as
Chairman since 2010. In addition, Mr. Gaut previously served as
Forum’s Chief Executive Officer from 2010 to May 2017. He served at
Halliburton Company, a leading diversified oilfield services
company, as President of the Drilling and Evaluation Division and
prior to that as Chief Financial Officer, from March 2003 through
April 2009. Prior to joining Halliburton in 2003, Mr. Gaut was
Chief Financial Officer and Co-Chief Operating Officer of Ensco
International, a provider of offshore drilling services.
Forum Energy Technologies is a global oilfield products
company, serving the drilling, subsea, completions, production and
infrastructure sectors of the oil and natural gas
industry. The Company’s products include highly engineered
capital equipment as well as products that are consumed in the
drilling, well construction, production and transportation of oil
and natural gas. Forum is headquartered in Houston,
TX with manufacturing and distribution facilities
strategically located around the globe. For more information,
please visit www.f-e-t.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181203005262/en/
Mark Traylor – Vice President, Investor
Relations281.368.1108mark.traylor@f-e-t.com
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