HOUSTON, Sept. 25, 2017 /PRNewswire/ -- Parker Drilling
Company (NYSE: PKD) announced today the appointment of Michael (Mike) W. Sumruld as Senior Vice
President and Chief Financial Officer, effective October 1, 2017. With Mr. Sumruld's
appointment, Jon-Al Duplantier,
Parker Drilling's Senior Vice
President, Chief Administrative Officer and General Counsel will
relinquish his additional responsibilities as interim CFO.
Mr. Sumruld, age 47, most recently held the position of Vice
President and Chief Accounting Officer from January through
September 2017 at LyondellBasell
Industries N.V., one of the largest plastics, chemicals and
refining companies in the world. In his role there, he had
global responsibility for corporate accounting, financial
reporting, and internal controls. Prior to LyondellBasell,
Mr. Sumruld worked at Baker Hughes Incorporated, a leading supplier
of oilfield services, products, technology and systems to the
worldwide oil and natural gas industry. During his 18 year
tenure, he held a range of financial roles, including most recently
Vice President and Treasurer; Vice President Finance – Eastern
Hemisphere; and Director – Investor Relations. Additionally,
he held financial roles covering the U.S., Latin America, and the Eastern Hemisphere as
well as global financial roles covering several product lines.
Mr. Sumruld is a certified public accountant and holds a
bachelor's degree in accounting from the University of Houston and an MBA from Texas A&M University.
"We are pleased to welcome Mike to the Parker team," said
Gary Rich, the Company's Chairman,
President and CEO. "His extensive experience in the
international oilfield services business, coupled with his
financial expertise will be a great asset to Parker.
"We also thank Jon-Al Duplantier
for his leadership as interim CFO over the past several months. His
dedication and focus built over 22 years of energy industry
experience as a respected and trusted leader provided a seamless
transition," concluded Mr. Rich.
Company Description
Parker
Drilling provides drilling services and rental tools to the
energy industry. The Company's Drilling Services business serves
operators in the inland waters of the U.S. Gulf of Mexico utilizing Parker Drilling's barge rig fleet and in select
U.S. and international markets and harsh-environment regions
utilizing Parker-owned and customer-owned equipment. The
Company's Rental Tools Services business supplies premium equipment
and well services to operators on land and offshore in the U.S. and
international markets. More information about Parker Drilling can be found on the Company's
website at www.parkerdrilling.com.
Contact: Jason Geach, Vice
President, Investor Relations & Corporate Development, (+1)
(281) 406-2310, jason.geach@parkerdrilling.com.
View original
content:http://www.prnewswire.com/news-releases/parker-drilling-announces-appointment-of-chief-financial-officer-300524503.html
SOURCE Parker Drilling Company