Flotek Names Division Presidents
Flotek Industries, Inc. has recruited Paul Deutch as President of Artificial Lift. Deutch will spearhead the geographic expansion and product line development of Flotek's emerging Artificial Lift division.
Previously, Deutch served as Vice President and CTO of Science Applications International Corporation's (SAIC) Upstream Oil & Gas Commercial Business Services group. Prior to SAIC, Deutch spent 13 years with Schlumberger. Starting his career as a field engineer and working in a variety of managerial and operational roles domestically and overseas, Deutch introduced Combinable Magnetic Resonance logging measurement worldwide, managed the Norwegian offshore operations, and was Global Business Manager for a $100 million operation with 1,000 employees. Deutch holds a Bachelor of Engineering from Dartmouth College and a Bachelor of Arts in Government from Colby College.
In addition, Flotek announced Robert Wittman, previously Vice President of Engineering, has been promoted to President of the newly created Flotek Technology and Engineering division. This group will support the technical and engineering needs of the Company. A new emphasis will be placed on Mechanical R&D with efforts directed to the development of innovative technology and equipment for our Artificial Lift and Downhole Tool Group.
Jerry Dumas, Flotek's Chairman and CEO, stated, "Paul's background and experience make him very well-suited to lead the business through its next stage of development. With the support of the newly created Flotek Technology and Engineering division I expect Artificial Lift to grow into one of the leading segments of the Company."
First Quarter Conference Call
The Company will hold an investor conference call on May 9, 2007 at 2 p.m. CDT. The call will be held in conjunction with the release of selected financial data for the first quarter of 2007. This information is expected to be released after the market closes on May 8, 2007.
Dial-In Number: 888-217-1175 (U.S. & Canada) 706-643-7468 (International) ID 7117903 Call will be broadcast live at http://www.flotekind.com
A replay of the call will be available through May 11, 2007 by calling (800) 642-1687 (U.S. & Canada) and (706) 645-9291 (International) with passcode 7117903.
Flotek manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.
- Flotek Refutes Study Findings, Says Oilfield is Biggest Lab (Dec 27)
- Flotek's 3Q Revenues Hit by Declines in Oilfield Activity (Nov 17)
- Flotek Closes $16MM Equity Private Placement (Aug 13)