T-3 Energy Services Inc. announced the appointment of Steven W. Krablin as President, Chief Executive Officer and Chairman of the Board of the Company, effective immediately. Mr. Krablin replaces Gus D. Halas, who has left the Company to pursue other interests.
"Gus has been an important contributor to the achievements of the Company over the past six years, leading the evolution of T-3 Energy from a collection of small repair and maintenance facilities into a leading original equipment manufacturer competing in the pressure control, pipeline and wellhead market segments," stated director Bob Ayers. "Gus has built a strong and capable organization to move us into the future. On behalf of the stockholders, I want to personally thank Gus for his contributions to T-3 Energy and wish him well in all of his future endeavors."
Mr. Krablin, 58, rejoins T-3 Energy where he served as a director from 2001 to 2004. From January 1996 until his retirement in April 2005, he was Senior Vice President and Chief Financial Officer at National Oilwell Varco, Inc. or its predecessors. Prior to 1996, Mr. Krablin served as Senior Vice President and Chief Financial Officer of Enterra Corporation until its merger with Weatherford International, Inc. Mr. Krablin currently serves as a director of Penn Virginia Corporation, Hornbeck Offshore Services, Inc. and Chart Industries, Inc.
"Steve brings a wealth of experience and leadership to T-3 Energy and will be a tremendous addition to our strong management team. The Board is convinced that his background and experience will enable the Company to grow internally and externally, continuing our efforts to enhance shareholder value," said lead director Tom Bates.
T-3 Energy provides a broad range of oilfield products and services primarily to customers in the drilling and completion of new oil and gas wells, the workover of existing wells and the production and transportation of oil and gas.
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