Forum Energy Technologies, Inc. Announces Executive Management Changes, with Effect from July 10, 2020
June 30, 2020 at 05:01 pm
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Forum Energy Technologies, Inc. announced that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized. Changes to the executive team will be effective July 10, 2020 and are as follows: D. Lyle Williams, Jr. will be the Executive Vice President. Mr. Williams joined Forum in 2007 after previously working for Cameron International. He most recently served as Forum’s Senior Vice President, Operations, overseeing the Drilling, Subsea, Production Equipment and Valve Solutions product lines. Lyle also previously held several senior financial and operating roles across Forum. Lyle, 50, has a bachelor’s degree from Rice University and an MBA from Harvard Business School. Neal Lux will be the Executive Vice President, Operations with oversight of all Forum operating segments. Mr. Lux joined Forum in 2017 following its acquisition of the Global Tubing joint venture. Prior to that, he served as President of Global Tubing during Forum’s initial investment in 2013. Most recently, Neal served as Forum’s Senior Vice President, Operations, leading the Completions segment and Downhole product line. Neal began his career with PriceWaterhouseCoopers, and worked for Maverick Tube and Tenaris. Neal, 44, has an engineering degree from Purdue University. Lyle and Neal will report to C. Christopher (Cris) Gaut, Forum’s Chairman and Chief Executive Officer, as will John C. Ivascu, Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary; Michael D. Danford, Senior Vice President and Chief Human Resources Officer; and Neil Brent, Vice President of Internal Audit. Forum also announced that Pablo G. Mercado, Forum’s Senior Vice President, is resigning from Forum to pursue other opportunities.
Forum Energy Technologies, Inc. is a global manufacturing company serving the oil, natural gas, industrial and renewable energy industries. The Companyâs segments include Drilling and Completions and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation and intervention markets, including applications in the oil and natural gas, renewable energy, defense and communications industries. The Artificial Lift and Downhole segment designs, manufactures and supplies products and solutions for the artificial lift, well construction, production and infrastructure markets. The products and solutions consist of products designed to safeguard artificial lift equipment and downhole cables, well construction casing and cementing equipment and others. It also manufactures downhole technology solutions, providing sand and flow control products for heavy oil applications.