Cactus Announces Executive Leadership Transition
19 Octobre 2023 - 12:30AM
Business Wire
Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today
announced the Board of Directors has appointed Stephen Tadlock,
currently Executive Vice President and Chief Financial Officer of
Cactus, as the CEO of the Spoolable Technologies segment
(“FlexSteel”).
Mr. Tadlock has served as Executive Vice President and Chief
Financial Officer of Cactus since 2019. Previously he served as
Vice President and Chief Administrative Officer and as Vice
President of Corporate Services after joining the company full time
in 2017. Prior to that, Mr. Tadlock was a Partner at Cadent Energy
Partners LLC, where he worked from 2007 to 2017, serving as a Board
observer of Cactus since its founding in 2011. Additionally, while
at Cadent Mr. Tadlock served as a Director and Chairman of the
Board of Polyflow, a spoolable pipe business that was sold to Baker
Hughes in 2018.
Alan Keifer, former Vice President, Controller and Chief
Accounting Officer of Baker Hughes Inc., who has worked with Cactus
since it went public in 2018, has accepted the position of Interim
CFO of Cactus. He will begin his service on November 13, 2023. Mr.
Tadlock will continue to serve as CFO of Cactus until Mr. Keifer
begins his service as Interim CFO.
Scott Bender, CEO and Chairman of the Board of Cactus,
commented, “On behalf of the Board of Directors and management
team, I would like to thank TS (Mr. Sathyanarayanan) for his
leadership in transforming FlexSteel into the industry leader over
the past decade, and for his work in integrating FlexSteel into
Cactus since the close of the acquisition in February 2023. His
extensive history with FlexSteel has greatly enabled our successful
integration thus far, and we wish him all the best with his future
endeavors.”
“We have much work to do as we continue to realize the full
potential of our combined Cactus and FlexSteel businesses. I’m
confident that Steve is the right person for the job given his long
history with Cactus and knowledge of our culture, in addition to
his previous experience leading a spoolable pipe business which
will ensure a smooth transition.”
About Cactus, Inc.
Cactus designs, manufactures, sells or rents a range of highly
engineered pressure control and spoolable pipe technologies. Its
products are sold and rented principally for onshore unconventional
oil and gas wells and are utilized during the drilling, completion
and production phases of its customers’ wells. In addition, it
provides field services for its products and rental items to assist
with the installation, maintenance and handling of the equipment.
Cactus operates service centers throughout North America and
Australia, while also providing equipment and services in select
international markets.
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version on businesswire.com: https://www.businesswire.com/news/home/20231018008987/en/
Cactus, Inc. Alan Boyd, 713-904-4669 Director of
Corporate Development and Investor Relations IR@CactusWHD.com
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