Grant Prideco Appoints New Chief Financial Officer

Grant Prideco, Inc. has appointed Matthew Fitzgerald as Senior Vice President and Chief Financial Officer. Mr. Fitzgerald is currently Executive Vice President, Chief Financial Officer and Treasurer of Veritas DGC Inc.

Prior to joining Veritas DGC in 2001, Mr. Fitzgerald was Vice President and Controller of BJ Services Company where he was employed since 1989. Previously, Mr. Fitzgerald was Director of Corporate Audit at Baker Hughes, Inc. and was with Ernst and Whinney from 1981 to 1987. Mr. Fitzgerald is a Certified Public Accountant and is active in various industry and charitable organizations.

Chairman, President and Chief Executive Officer Michael McShane commented, "I am quite pleased to once again have the opportunity to work with Matt. He brings extensive industry and technical knowledge and skills to Grant Prideco and he will be a great addition to our senior management team."