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8-K - FORM 8-K - NEWPARK RESOURCES INC | c06998e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - NEWPARK RESOURCES INC | c06998exv10w1.htm |
EX-10.2 - EXHIBIT 10.2 - NEWPARK RESOURCES INC | c06998exv10w2.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE |
NEWS RELEASE | |||
Contacts: | James E. Braun, CFO Newpark Resources, Inc. 281-362-6800 Ken Dennard, Managing Partner Dennard Rupp Gray & Easterly, LLC ksdennard@drg-e.com 713-529-6600 |
NEWPARK RESOURCES ANNOUNCES NEW PRESIDENT OF
MATS AND INTEGRATED SERVICES
AND ENVIRONMENTAL SERVICES BUSINESSES
MATS AND INTEGRATED SERVICES
AND ENVIRONMENTAL SERVICES BUSINESSES
THE WOODLANDS, TX OCTOBER 18, 2010 Newpark Resources, Inc. (NYSE: NR) (the Company) today
announced that Jeff Juergens, age 54, has been named President of Newparks Mats and Integrated
Services and Environmental Services businesses, effective October 18, 2010. Mr. Juergens will also
serve as an Executive Officer of the Company and will be based in Lafayette, Louisiana.
Paul Howes, Newparks President and Chief Executive Officer, stated, We are extremely pleased
to welcome Jeff to our management team. He brings us over 30 years of widespread experience in the
oil and gas services industry, including both domestic and international operations. He has a
successful record of managing multiple operating locations for profitability and growth, and we
look forward to his contribution and leadership.
Before joining Newpark, Mr. Juergens held the position of Chief Executive Officer of B&B
Oilfield Services, where he successfully led and refocused the company to regain profitability.
Previously from 2007 to 2009, he was at Omni Energy Services, where he led the companys Seismic
Drilling Division as General Manager. Prior to 2007, he served SPS International, a wellbore
cleanup tools and technology company, as Vice President International Operations, with
responsibility for the development of operations in Canada and Latin America. Mr. Juergens began
his career with BJ Services and also worked for Baker Hughes. Mr. Juergens has a bachelors degree
in business and economics from Arkansas State University and a Masters in Business Administration
from University of Phoenix.
Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and
access roads for oilfield and other commercial markets, and environmental waste treatment
solutions.
This news release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act that are based on managements current expectations, estimates and
projections. All statements that address expectations or projections about the future, including
Newparks strategy for growth, product development, market position, expected expenditures and
financial results are forward-looking statements. Some of the forward-looking statements may be
identified by words like expects, anticipates, plans, intends, projects, indicates, and
similar expressions. These statements are not guarantees of future performance and involve a number
of risks, uncertainties and assumptions. Many factors, including those discussed more fully
elsewhere in this release and in documents filed with the Securities and Exchange Commission by
Newpark, particularly its Annual Report on Form 10-K for the year ended December 31, 2009, as well
as others, could cause results to differ materially from those stated. These risk factors include,
but are not limited to, our customer concentration and cyclical nature of our industry, the
availability of raw materials and skilled personnel, our market competition, the cost and continued
availability of borrowed funds, our international operations, legal and regulatory matters,
including environmental regulations, inherent limitations in insurance coverage, potential
impairments of long-lived intangible assets, technological developments in our industry, the impact
of severe weather, particularly in the U.S. Gulf Coast, and restrictions on offshore drilling
activity in the Gulf of Mexico. Newparks filings with the Securities and Exchange Commission can
be obtained at no charge at www.sec.gov, as well as through our website at www.newpark.com.
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