HOUSTON, June 7, 2021 /PRNewswire/ -- Flotek
Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) welcomes
Lisa Mayr to its Board of Directors
("Board"), increasing its directors from six to seven. Mayr was
appointed a member of the audit committee and has been designated
an "audit committee financial expert" by the Board as a result of
her accounting and financial management experience. She will also
serve as a member of the corporate governance and nominating
committee.
Mayr brings more than 25 years of financial and accounting
experience to the Board. She is currently the Chief Financial
Officer (CFO) of digital infrastructure provider Internap Holding
LLC, a position she has held since July 2020. Prior to joining
Internap, Mayr served as CFO of multiple software and technology
companies, including MicroStrategy Incorporated, a data analytics
software company, and educational technology companies Blackboard
and EverFi. She has also held financial leadership roles at both
public and private companies such as LivingSocial, GeoEye and
Sunrise Senior Living. Early in her career, she served at
Ernst & Young LLP in the transaction and advisory services
practice.
John W. Gibson, Jr., Chairman, President, and Chief Executive
Officer of Flotek stated: "After an extensive search prioritizing
gender diversity, financial acumen, digital transformation and
executive experience, we have found a highly qualified director in
Lisa. She brings strong financial leadership from both public and
private companies and a passion for maximizing her impact based on
her experience. I know she will immediately and positively
contribute to our board and Company."
Mayr said, "I am excited to join the Flotek team and be a part
of a high-performing, high-quality board. I look forward to working
with the team during such an important time in the Company's
history."
Mayr currently serves as a board observer and on the audit
committee of WorldStrides, an educational travel company, and is
the board chair of STEM for Her, a non-profit that encourages girls
and young women to pursue careers in STEM. She has a
bachelor's degree in International Studies and Economics from
American University and a Master of
Business Administration from Georgetown
University.
The Board search was conducted by Heidrick & Struggles.
Board Committee Assignments Announced
Following its
Annual Meeting on June 3, 2021, the
Company announces the following Board roles and Committee
assignments.
Chairman of the Board
John W. Gibson, Jr.
Lead Independent Director
David Nierenberg
Audit Committee
David
Nierenberg, Chair
Harsha Agadi
Lisa Mayr
Compensation Committee
Harsha
Agadi, Chair
Ted Brown
Michael Fucci
Paul Hobby
Corporate Governance & Nominating Committee
Paul Hobby, Chair
Ted Brown
Lisa Mayr
David Nierenberg
Risk & Sustainability Committee
Michael Fucci, Chair
Harsha Agadi
John W. Gibson, Jr.
Paul Hobby
David Nierenberg
About Flotek
Flotek Industries, Inc. creates solutions
to reduce the environmental impact of energy on air, water, land
and people. A technology-driven, specialty chemistry and data
company, Flotek helps customers across industrial, commercial and
consumer markets improve their Environmental, Social and Governance
performance. Flotek's Chemistry Technologies segment develops,
manufactures, packages, distributes, delivers, and markets
high-quality cleaning, disinfecting and sanitizing products for
commercial, governmental and personal consumer use. Additionally,
Flotek empowers the energy industry to maximize the value of their
hydrocarbon streams and improve return on invested capital through
its real-time data platforms and green chemistry technologies.
Flotek serves downstream, midstream and upstream customers, both
domestic and international. Flotek is a publicly traded company
headquartered in Houston, Texas,
and its common shares are traded on the New York Stock Exchange
under the ticker symbol "FTK." For additional information, please
visit Flotek's web site at www.flotekind.com.
Forward-Looking Statements
Certain statements set
forth in this press release constitute 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) regarding
Flotek Industries, Inc.'s business, financial condition, results of
operations and prospects. Words such as will, continue, expects,
anticipates, intends, plans, believes, seeks, estimates and similar
expressions or variations of such words are intended to identify
forward-looking statements, but are not the exclusive means of
identifying forward-looking statements in this press release.
Although forward-looking statements in this press release
reflect the good faith judgment of management, such statements can
only be based on facts and factors currently known to management.
Consequently, forward-looking statements are inherently
subject to risks and uncertainties, and actual results and outcomes
may differ materially from the results and outcomes discussed in
the forward-looking statements. Further information about the
risks and uncertainties that may impact the Company are set forth
in the Company's most recent filing with the Securities and
Exchange Commission on Form 10-K (including, without limitation, in
the "Risk Factors" section thereof), and in the Company's other SEC
filings and publicly available documents. Readers are urged
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. The Company
undertakes no obligation to revise or update any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this press release.
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SOURCE Flotek Industries, Inc.