Flotek Industries, Inc. (NYSE: FTK) announces private equity founder, investment banker and corporate director Kate Richard has joined its board of directors.
Richard is founder and CEO of Warwick Energy Group, one of the largest institutional consolidators of interests in oil and gas with approximately $1.5 billion in managed assets. Prior to launching Warwick, she was an investment banker, beginning her career at Goldman Sachs & Co., working in private equity and natural resources investment banking in New York, London, and Paris. She then invested in oil & gas, metals & mining, and sovereign debt for Serengeti Asset Management, a multi-strategy investment fund based in New York. Most recently, she invested in public and private energy investments for MSD Capital, Michael Dell’s private investment fund in New York.
John W. Chisholm, Flotek’s Chairman, President and Chief Executive Officer commented, “I am delighted to welcome Kate to Flotek’s board, where she will immediately make a meaningful impact. Kate has established a reputation as one of the most successful private equity leaders in the oil and gas business. She has an incredibly strong track record and her investment acumen is extraordinary. As the industry continues to evolve, she will bring a fresh perspective that reflects the accelerating generational shift change in oil and gas.”
“I’m thrilled to join the Flotek board and to work with a company with such stellar opportunities and optionality. I look forward to working with the board and the management team to help Flotek reach its full potential,” said Richard.
Richard joins recently appointed director David Nierenberg to the Flotek board. Chisholm commented, “Over the past quarter, Flotek has diversified our board with a strong focus on increasing independence and enhancing governance. We have broadened and deepened our board with the addition of Kate and David – both are proven business leaders who join an exceptional team of directors and leadership team committed to adding long-term value to the Company.”
A graduate of Harvard College, Richard is a frequent lecturer at the Stanford Graduate School of Business and Harvard Business School and an energy market commentator on CNBC and Bloomberg TV. She is active in the Humane Society of the United States and World Economic Forum.
The Oil and Gas Conference®
Flotek Industries is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
