TPi October 2011

CE Franklin appoints new director and CFO CE Franklin Ltd has appointed Dharmesh Prasad, global materials manager of Schlumberger Limited (CE Franklin’s majority shareholder), as the new Schlumberger representative to the board of directors of CE Franklin. Mr Prasad replaces Kjell-Erik Oestdahl, who stepped down from the board due to time commitments and expanded responsibilities in connection with his recent promotion as vice president, operations of Schlumberger. Mr Prasad has extensive experience in various senior operational and corporate management positions within Schlumberger, working in ten different countries. In his current role he is responsible for advising on the strategic and tactical direction for inventory management and the distribution, consolidation and optimisation of warehousing across Schlumberger. He holds an MBA in Finance from the University of California and a Bachelor’s degree in Electrical Engineering from the Indian Institute of Technology. “We thank Kjell-Erik Oestdahl for his commitment and contribution and welcome Dharmesh Prasad to the board,” said president and CEO Michael S West. “His extensive experience in the oilfield supply industry, including marketing and strategy development, complements the background and skills of the board. This will be of benefit to all of our shareholders, as we continue to grow our business and advance our efficiency and diversification strategies.” The company has also promoted Derren Newell to the position of chief financial officer. Mr Newell, previously financial controller, has extensive experience and expertise in finance, accounting, audit, tax and a wealth of experience with strategic and operational support in the energy and distribution industries. Mr Newell succeeds Mark Schweitzer, who is leaving CE Franklin to pursue an opportunity with an oil sands development company. “Our succession planning and bench strength allows a strong performer to step into the role to continue to advance CE Franklin’s strategies,” commented Mr West. “On behalf of our board of directors and management team, I would like to thank Mark for his commitment and contribution during his tenure at CE Franklin. Mark helped move forward our acquisition and diversification strategies and Derren will help us continue on this path.” CE Franklin supplies products and services to the energy industry, distributing pipe, valves, flanges, fittings, production equipment, tubular products and other general oilfield supplies to oil and gas producers in Canada as well as to the oil sands, refining, heavy oil, petrochemical, forestry and mining industries. The products are distributed through the company’s 45 branches, which are situated in towns and cities serving particular oil and gas fields of the western Canadian sedimentary basin.

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Tube Products International October 2011

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23.09.2009 12:40:26 Uhr