Oil States Announces Executive Officer Departure
February 23 2021 - 5:00PM
Oil States International, Inc. (NYSE: OIS) announced today that
Chris Cragg, Executive Vice President, Operations will depart the
Company effective March 1, 2021 to pursue other opportunities. The
Company has no plans to replace Mr. Cragg. Rather, Cindy Taylor,
President and CEO of the Company will assume his duties.
Mrs. Taylor stated, “On behalf of the Board of
Directors and executive management, we would like to thank Chris
for his service and contributions to the Company over the past
twenty years and wish him well in his future endeavors. Chris was
part of the leadership team that helped with the Company’s initial
public offering in 2001 and has been integral to the growth and
success of Oil States over the years.”
Mr. Cragg said, “It has been my privilege to
work with the entire Oil States team and I would like to thank them
and wish the Company all the best going forward.”
About Oil States
Oil States International, Inc. is a global
provider of manufactured products and services to customers in the
oil and natural gas, industrial and military sectors. The Company's
manufactured products include highly engineered capital equipment
and consumable products. Oil States is headquartered in Houston,
Texas with manufacturing and service facilities strategically
located across the globe. Oil States is publicly traded on the New
York Stock Exchange under the symbol "OIS".
For more information on the Company, please
visit Oil States International’s website at
www.oilstatesintl.com.
Forward Looking Statements
The foregoing contains forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Forward-looking statements are those that do not state
historical facts and are, therefore, inherently subject to risks
and uncertainties. The forward-looking statements included herein
are based on current expectations and entail various risks and
uncertainties that could cause actual results to differ materially
from those forward-looking statements. Such risks and uncertainties
include, among others, the level of supply of and demand for oil
and natural gas, fluctuations in the prices thereof, the cyclical
nature of the oil and natural gas industry, the impact of the
COVID-19 pandemic on our Company and our customers, and the other
risks associated with the general nature of the energy service
industry discussed in the "Business" and "Risk Factors" sections of
the Company’s Annual Report on Form 10‑K for the year ended
December 31, 2020, Periodic Reports on Form 8‑K and Quarterly
Reports on Form 10‑Q. Readers are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date hereof, and, except as required by law, the Company undertakes
no obligation to update those statements or to publicly announce
the results of any revisions to any of those statements to reflect
future events or developments.
Company Contact:Lloyd A. HajdikOil States
International, Inc.Executive Vice President, Chief Financial
Officer and Treasurer713-652-0582
SOURCE: Oil States International, Inc.
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