Cooper Cameron Names New President for Valve Unit

Cooper Cameron Corporation has named John D. Carne as president of its Cooper Cameron Valves (CCV) division, responsible for the day-to-day operations of the Company's oilfield, pipeline and Orbit brand valve businesses. He replaces A. John Chapman, who plans to retire later this year.

Carne has held a number of key positions within Cooper Cameron's businesses in his more than 30 years with the Company. He joined Cooper Energy Services (CES) in 1971 as a systems designer, and his subsequent roles with CES included manager, Technical Services; area manager, Aftermarket Services; regional manager, Far East, based in Singapore; and director of operations, U.K. and Norway. In 1996, Carne transferred to Cameron as plant manager for Cameron's Leeds, England facility and was promoted to operations director for Cameron's Eastern Hemisphere in 1999. With this assignment, Carne now has the distinction of having held positions in three of Cooper Cameron Corporation's four divisions.

Chapman, who has been president of CCV since its inception in 1995, will serve as a senior level advisor and consultant to Carne during the transition process. Cooper Cameron Chairman, President and Chief Executive Officer Sheldon R. Erikson said, "Under John Chapman's leadership, CCV has been a stellar contributor to Cooper Cameron's success. We have benefited greatly from John's experience and astute management, and we wish him the very best in his retirement. I am confident that John Carne's leadership qualities and extensive experience in the energy business will enable CCV to continue its outstanding record of performance."