HOUSTON--(BUSINESS WIRE)--Dec. 3, 2018--
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
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20181203005262/en/
Source: Forum Energy Technologies, Inc.
Mark Traylor – Vice President, Investor Relations