HOUSTON--(BUSINESS WIRE)-- Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized. Changes to the executive team will be effective July 10, 2020 and are as follows:
Lyle and Neal will report to C. Christopher (Cris) Gaut, Forum’s Chairman and Chief Executive Officer, as will John C. Ivascu, Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary; Michael D. Danford, Senior Vice President and Chief Human Resources Officer; and Neil Brent, Vice President of Internal Audit.
Forum also announced that Pablo G. Mercado, Forum’s Senior Vice President and Chief Financial Officer, is resigning from Forum to pursue other opportunities. Cris Gaut commented, “We are sorry to see Pablo leave us. He has done an outstanding job for Forum since joining us in 2011. We wish Pablo great success in his future endeavors.”
Forum Energy Technologies is a global oilfield products company, serving the drilling, downhole, subsea, completions and production sectors of the oil and natural gas industry. The Company’s products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas. Forum is headquartered in Houston, TX with manufacturing and distribution facilities strategically located around the globe. For more information, please visit www.f-e-t.com.
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Lyle Williams 713-351-7920 Lyle.Williams@f-e-t.com
Source: Forum Energy Technologies, Inc.