StockNews.AI
FET
StockNews.AI
64 days

Forum Energy Technologies Announces Appointment of Messrs. Aron H. Marquez and Mark W.

1. FET appoints Aron Marquez and Mark Smith as new directors. 2. Mr. Marquez brings leadership from Wildcat Oil Tools and Permian Resources. 3. Mr. Smith is a former CFO with extensive experience in energy sector. 4. Leadership change aims to navigate dynamic market conditions effectively. 5. Both appointees expected to enhance FET's strategic direction and efficiency.

4m saved
Insight
Article

FAQ

Why Bullish?

The appointment of experienced directors tends to boost investor confidence. Historical appointments in similar contexts have often led to positive price movements.

How important is it?

The new directors bring critical industry expertise which could positively influence FET's direction. Their backgrounds in energy management are relevant amid market challenges.

Why Short Term?

Immediate market reaction to leadership changes typically occurs in the short-term. Investors may quickly reassess FET's growth potential.

Related Companies

H&PATWPERM
- HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Messrs. Aron H. Marquez and Mark W. Smith to its board of directors. Mr. Marquez will serve as a Class III director and as a member of the Nominating, Governance and Sustainability Committee, and the Compensation and Human Capital Committee. Mr. Smith will serve as a Class I director and a member of the Compensation and Human Capital Committee and the Audit Committee. Mr. Marquez currently serves as Executive Chairman of Wildcat Oil Tools, an international oil field services and technology company, which he founded in 2012. He is also a founder of various privately held enterprises. Mr. Marquez serves on the Board of Directors of Permian Resources, an independent oil and gas company, and First Tee of West Texas, a nonprofit organization that utilizes the game of golf to teach kids and teens life skills and character education. Mr. Smith is the former Chief Financial Officer of Helmerich & Payne (“H&P”), a position he held from June 2017 through his retirement in August 2024. Prior to H&P, Mr. Smith served as Chief Financial Officer of Atwood Oceanics, a publicly traded international offshore driller, until its merger with Ensco Plc in 2017. Before joining Atwood, he worked for approximately fifteen years in auditing and consulting services roles, including PricewaterhouseCoopers and Arthur Andersen where he led attestations for public audit clients. Mr. Smith is a Certified Public Accountant. Mr. Mike McShane, FET’s Chairman of the Board of Directors, stated, “On behalf of the entire FET board of directors, I would like to welcome Messrs. Marquez and Smith to our team. Their wealth of professional experience and perspectives will benefit FET as we navigate dynamic market conditions.” Mr. Neal Lux, FET’s Chief Executive Officer, remarked, “I am pleased that Messrs. Marquez and Smith are joining the FET team as independent directors. In addition to their professional experience, they have a thorough understanding of our customers’ needs. Messrs. Marquez and Smith will provide an immediate benefit to FET.” FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com. More News From Forum Energy Technologies, Inc.

Related News