1. Michael McShane appointed as non-executive Chairman of FET’s Board. 2. McShane has been on FET's Board since 2010. 3. He succeeds C. Christopher Gaut after 20 years of service. 4. McShane aims to execute FET's strategic initiatives with the management team.
A leadership change, particularly with a familiar face, often signals stability and continuity.
Leadership changes create potential operational shifts and strategic direction that can impact investor sentiment and company performance.
Initial leadership shifts can affect market sentiment, influencing stock performance within a few months.
HOUSTON--(BUSINESS WIRE)-- Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Mr. Michael McShane to serve as non-executive Chairman of the Board of Directors. Mr. McShane has served as Lead Independent Director of the Board since 2018 and a director since 2010. He succeeds Mr. C. Christopher Gaut, who announced his retirement after over 20 years of service on FET’s Board.
Mr. McShane commented, “I am honored to be appointed as Chairman of FET’s Board. I look forward to continuing to work closely with the Board and the entire FET executive management team to execute our strategy.”
FET (Forum Energy Technologies) is a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries. With headquarters located in Houston, Texas, FET provides value added solutions aimed at improving the safety, efficiency, and environmental impact of our customers' operations. For more information, please visit www.f-e-t.com.