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8-K - 8-K - FRANK'S INTERNATIONAL N.V. | d325488d8k.htm |
Exhibit 99.1
Franks International N.V. 10260 Westheimer Rd, Suite 700 Houston, Texas 77042 | ||||
PRESS RELEASE
FRANKS INTERNATIONAL ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER
SENIOR VICE PRESIDENT KYLE MCCLURE APPOINTED INTERIM CFO
February 15, 2017 - Houston, Texas - Franks International N.V. (NYSE: FI) (Franks or the Company) today announced that Jeffrey Bird, Franks Executive Vice President and Chief Financial Officer will leave the Company on March 1, 2017 for a position with another company. The Companys Board of Supervisory Directors has named Kyle McClure, the Companys Senior Vice President of Finance and Treasurer, as Interim Chief Financial Officer. The Company commented that Mr. Birds departure was not related to any disagreement with the Company or any matters relating to its operations, policies or practices.
Douglas Stephens, Franks President and Chief Executive Officer commented, We thank Jeff for his extensive contributions to bringing increased financial discipline and cost management to our Company, and building a strong financial team. We wish Jeff well in the next step in his career. We have built a strong team of financial talent at Franks and I know Kyle will lead this financial organization to seamlessly continue to deliver the excellent performance we have come to expect.
About Franks International
Franks International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions with a focus on complex and technically demanding wells. Founded in 1938, Franks has approximately 3,000 employees and provides services to leading exploration and production companies in both onshore and offshore environments in over 60 countries on six continents The Companys common stock is traded on the NYSE under the symbol FI. Additional information is available on the Companys website, www.franksinternational.com.
Contacts:
Blake Holcomb, Director Investor Relations and Communications
blake.holcomb@franksintl.com
713-231-2463