Forum Energy Technologies, Inc. Announces Appointment of D. Lyle Williams, Jr. as Chief Financial Officer, July 10, 2020
June 30, 2020 at 05:01 pm EDT
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Forum Energy Technologies, Inc. announced that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized. Changes to the executive team will be effective July 10, 2020 and are as follows: D. Lyle Williams, Jr. will be the Chief Financial Officer. Mr. Williams joined Forum in 2007 after previously working for Cameron International. He most recently served as Forum’s Senior Vice President, Operations, overseeing the Drilling, Subsea, Production Equipment and Valve Solutions product lines. Lyle also previously held several senior financial and operating roles across Forum. Lyle, 50, has a bachelor’s degree from Rice University and an MBA from Harvard Business School. Forum also announced that Pablo G. Mercado, Forum’s Chief Financial Officer, is resigning from Forum to pursue other opportunities.
Forum Energy Technologies, Inc. is a global company serving the oil, natural gas, industrial, and renewable energy industries. The Companyâs segments include Drilling & Downhole, Completions and Production. Its Drilling & Downhole segment designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. Its Completions segment designs, manufactures and supplies products and provides related services to the coiled tubing, well stimulation and intervention markets. Its Production segment designs, manufactures, and supplies products and provides related equipment and services for the production and infrastructure markets. It provides a range of industrial valves. The Company also manufactures customized downhole technology solutions in sand and flow control for heavy oil applications.