Cooper Cameron Shareholders Approve Name Change to Cameron
At Cooper Cameron Corporation's (NYSE: CAM) annual meeting, shareholders approved changing the Company's name to Cameron International Corporation ("Cameron"). Shareholders also reelected three directors, ratified the appointment of the Company's independent registered public accountants and approved an increase in the number of shares authorized for use in the Company's Equity Incentive Plan.
Chairman, President and CEO Sheldon R. Erikson said the change acknowledges the strong quality reputation of the Cameron name and allows the Company to market its many valuable product brands under the Company-wide trade name of Cameron.
"As part of this rebranding process, the Cameron name will serve as a common identity across the Company, and each of the Company's business lines will be uniquely named and characterized based on the customers and markets they supply," Erikson said.
Erikson noted that the Company's customer profile has changed as new businesses have been acquired and customers have consolidated. "We believe that offering our many product lines to this varied customer base under the Cameron name will help those less familiar with our corporate heritage appreciate the breadth of products and services available under a single brand," Erikson said.
Cameron is a leading provider of flow equipment products, systems and
services to worldwide oil, gas and process industries.
- Keppel O&M Completes Acquisition of Cameron's Offshore Product Division (May 03)
- EU Clears Acquisition Of Cameron By Schlumberger (Feb 05)
- Cameron Stockholders Vote Yes to Schlumberger Merger (Dec 17)