FORT WORTH, TEXAS, Nov. 8, 2012 (GLOBE NEWSWIRE) -- FTS International (FTSI) announced today the appointment of Greg Lanham as its new Chief Executive Officer, as Marc Rowland retires as CEO. Mr. Lanham, who has served on the FTSI Board of Directors since May 2011, has more than 25 years of experience in the global energy industry in both operations and investments. The change is effective immediately.
"We thank Marc for the time, passion and commitment he has invested in FTSI since joining the company in 2010. We wish him the best as he moves on to a new chapter in his life," said Goh Yong Siang, FTSI Chairman and Head of Strategic Relations for Temasek, the largest shareholder of FTSI.
Mr. Rowland said, "I know that I leave FTSI with a foundation of hard-working, dedicated employees and a leadership team that will take the organization forward as a leader in the well servicing industry."
Mr. Goh added, "The Board has complete confidence that Greg Lanham is the right person to be our next CEO, given his more than 25 years of experience in the global energy industry as an operator, investor and shareholder. Greg will provide the vision and leadership the company needs to move forward with its goal of being the best service company in the oil and gas industry."
Most recently, Mr. Lanham served as Managing Director Investments for energy and Managing Director of Australia and New Zealand at Temasek. Prior to joining Temasek, he spent 20 years with Anadarko Petroleum Corporation and assumed various leadership roles in both domestic and international exploration and production, most recently as president and general manager of Anadarko's Asia operations. He earned a bachelor's degree in petroleum engineering, attended graduate studies at the University of Oklahoma and completed executive management training with Harvard Business School. He is a registered Professional Engineer in the state of Texas.
Mr. Lanham said, "I am excited to accept the amazing opportunity of leading FTSI as we further establish ourselves as a global energy services provider. I am confident in the long-term growth prospects for FTSI and share our investors' optimism for our company's bright future."
About FTS International
FTS International (www.ftsi.com) is a leading provider of well completion and stimulation services for the oil and gas industry. Exploration and production companies use FTSI's products and services primarily to enhance their recovery rates from oil and gas wells. FTSI's vertical integration provides a competitive edge, as the company custom manufactures, assembles and produces many key components used in its operations, including high-pressure hydraulic pumps and mobile pressure pumping units. FTSI also owns and operates sand mines and processing facilities for producing proppants and owns and operates a wireline company.
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