RigNet Makes Executive Management Changes

RigNet has named Lars P. Eliassen as vice president and general manager of the Company's Europe Africa region; John Moffatt as vice president and general manager of the Company's Middle East region; and Hector Maytorena as vice president of global sales and marketing.

Eliassen has been with RigNet since 2002, shortly after the Company was founded. He will be based in Stavanger, Norway. Most recently, he has been serving as vice president of global sales, marketing, and new product development from the Company's Houston headquarters office. In prior RigNet roles, he has held the positions of vice president of the Americas region and vice president of global operations. Prior to joining RigNet, he served as director of marketing at Production Access, Inc., a provider of information management solutions for oil and gas producers. Overall, Lars has more than ten years of management, marketing and business development experience in the oil and gas industry, serving technology, software and consulting companies. He holds a Bachelor of Science degree in Electrical Engineering from Rice University.

Moffatt joins RigNet from Weatherford International, a leading oilfield services company. He will be based in Doha, Qatar. Moffatt has had a relevant and distinguished career in oilfield services at both Weatherford and Halliburton in the Middle East and the North Sea markets. Most recently, John has been serving as director of Weatherford Direct, based in Dubai, United Arab Emirates. Other Weatherford roles have included various general management and business development roles of increasing responsibility in the Middle East. At Halliburton, he was based in Aberdeen and the Netherlands where he held regional leadership and technical roles in Integrated Solutions over the BP and Royal Dutch Shell well construction teams, and managed the Foinaven Well Completions Alliance for BP during their first North Sea deepwater development, which included providing leadership over, and coordination among, multiple service companies. Prior to that, he was a marine engineering officer in the British Navy.

Maytorena joins RigNet from United Technologies, a global diversified services company. He will be based at RigNet's Houston headquarters. Most recently, Maytorena has been serving as general manager, Southeast Texas for United Technologies' UTC Fire & Security (operating under the Chubb Security and Redhawk brands). Prior to that role, he was director of sales at Chubb Security USA. Maytorena has a long history within the remote communications industry, holding various sales, marketing, and business development leadership roles with increasing responsibility at Stratos Global Corporation's Broadband Division. These roles included senior director, global energy sales; director, global energy sales and marketing; senior sales manager; and regional sales manager. He has also owned and operated a training and development company providing customized corporate leadership and sales training services.

Mark Slaughter, RigNet's chief executive officer and president, said, "The appointments of these three gentlemen greatly strengthen our leadership team at an important time in our growth and development. Each brings excellent leadership skills and significant accomplishments to his respective role. We eagerly look forward to their contributions toward our continued success."

Addressing the communications challenges faced by oil and gas companies today in remote locations, RigNet uses the leading satellite and networking technologies to provide high-quality solutions for broadband data, voice and video communications, as well as real-time data management. RigNet installs, manages and supports communication systems without requiring its customers to invest in and manage expensive telecommunications equipment, allowing them to redirect valuable resources to their core businesses. RigNet real-time data management acquires, distributes and manages real-time and historical well site data.


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