Exterran Holdings nominates five new directors
Exterran Holdings, Inc. announced that its Board of Directors has nominated the following individuals for election to the Exterran Holdings Board at the Company鶹ýӳs 2015 Annual Meeting of Stockholders on 28 April, 2015:
- Anne-Marie N. Ainsworth 鶹ýӳ former President and Chief Executive Officer of the general partner of Oiltanking Partners, L.P.
- Frances Powell Hawes 鶹ýӳ independent financial consultant and former Chief Financial Officer of NCI Building Systems, Inc.
- James H. Lytal 鶹ýӳ independent energy consultant and former President of Gulfterra Energy Partners LP.
- Richard R. Stewart- former President and Chief Executive Officer of GE Aero Energy.
- Ieda Gomes Yell 鶹ýӳ Managing Director of Energix Strategy Ltd. and former President of BP Brazil.
Stephen M. Pazuk, who has served as a director since 2004, will cease service on the Board after the 2015 Annual Meeting.
鶹ýӳIn November 2014, we announced a plan to separate Exterran鶹ýӳs international contract operations, international aftermarket services and global fabrication businesses into an independent, publicly traded company in the second half of 2015,鶹ýӳ said Mark Sotir, Executive Chairman of the Board. 鶹ýӳOur Board has nominated these additional well qualified director candidates in anticipation of certain of Exterran鶹ýӳs directors resigning from the Board at the time of the separation in order to join the board of directors of the new publicly traded company. We have not yet reached a final determination regarding which directors will remain on Exterran鶹ýӳs Board and which directors will join the board of directors of SpinCo at the time of the separation.鶹ýӳ
鶹ýӳWe are excited about the nominations of these accomplished candidates,鶹ýӳ added Brad Childers, Exterran鶹ýӳs President and Chief Executive Officer. 鶹ýӳEach brings significant business experience and perspective and, we believe, will make meaningful contributions to the board of directors of Exterran, or the new company.鶹ýӳ
Mr. Childers continued, 鶹ýӳWith the filing of SpinCo鶹ýӳs initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission late last week, as well as these nominations and progress on our internal work to separate our businesses, we remain on track with the transaction and expect to complete it in the second half of 2015.鶹ýӳ
鶹ýӳFinally, on behalf of the Board of Directors and management, I want to thank Steve Pazuk for his significant contributions to Exterran,鶹ýӳ said Mr. Childers. 鶹ýӳSteve has been a valued member of the Board for many years, as well as a valued friend to many of us at Exterran. We will miss Steve and wish him all the best.鶹ýӳ
Adapted from press release by
Read the article online at: /business-news/19032015/exterran-holdings-nominates-five-new-directors/
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