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Dril-Quip, Inc. Announces Addition to its Board of Directors

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Dril-Quip announced the appointment of Benjamin M. Fink to its Board of Directors. Mr. Fink, 54, brings extensive finance and energy industry expertise. He previously served as Executive VP and CFO at Anadarko Petroleum, and held leadership roles at Western Gas Partners and Western Gas Equity Partners. Fink also served on the board of Zimmer Energy Acquisition Corp and currently serves on Salt Creek Midstream's board. He holds a B.S. in Economics from the Wharton School and is a CFA charterholder. Dril-Quip's Board Chair, John Lovoi, expressed enthusiasm for Fink's appointment, highlighting his financial acumen and industry leadership as valuable assets during the company's growth phase.

Positive
  • Appointment of Benjamin M. Fink, with extensive experience in finance and energy.
  • Fink's previous roles as Executive VP and CFO at Anadarko Petroleum.
  • Leadership experience at Western Gas Partners and Western Gas Equity Partners.
  • Current board position at Salt Creek Midstream.
  • Educational background from Wharton School and CFA designation.
Negative
  • Potential concerns about continuity and integration of new board member.

HOUSTON, TX / ACCESSWIRE / July 9, 2024 / Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip") announced today that Benjamin M. Fink has been appointed to its Board of Directors.

Mr. Fink, 54, brings significant finance and energy industry experience to the Board. He was Executive Vice President and Chief Financial Officer of Anadarko Petroleum Corporation, one of the world's largest independent oil and natural gas exploration and production companies, until its acquisition by Occidental Petroleum Corporation in August 2019. He served as Chairman of NYSE-listed Western Gas Partners, LP and Western Gas Equity Partners L.P. from 2018-2019, as the President & CEO of both entities from 2017-2018, and as their Senior Vice President and Chief Financial Officer from 2009-2017. Mr. Fink served as an independent director and Audit Committee Chairman of Zimmer Energy Acquisition Corp., a NASDAQ-listed blank check company formed to seek investment opportunities in the energy transition space, from June 2021 to June 2023. Mr. Fink also currently serves on the board of directors of the parent companies of Salt Creek Midstream, LLC, a leading gatherer and processor of natural gas and crude oil in the Permian Basin. Mr. Fink received a B.S. degree in Economics from the Wharton School of the University of Pennsylvania and earned the Chartered Financial Analyst (CFA) designation from the CFA Institute.

John Lovoi, Dril-Quip's Board Chair, commented, "We are excited to have Ben join our Board of Directors and look forward to benefiting from his strong financial experience in the energy industry and his leadership roles with public companies. We look forward to his contributions to Dril-Quip's future success, particularly as the Company enters an important phase of growth and change."

About Dril-Quip

Dril-Quip is a developer, manufacturer and provider of highly engineered equipment, service and innovative technologies for use in the energy industry.

Investor Relations Contact

Erin Fazio, Director of Corporate Finance
Erin_Fazio@dril-quip.com

SOURCE: Dril-Quip, Inc.



View the original press release on accesswire.com

FAQ

Who was appointed to Dril-Quip's Board of Directors on July 9, 2024?

Benjamin M. Fink was appointed to Dril-Quip's Board of Directors.

What experience does Benjamin M. Fink bring to Dril-Quip?

Fink brings significant finance and energy industry experience, including roles as Executive VP and CFO at Anadarko Petroleum, and leadership roles at Western Gas Partners and Western Gas Equity Partners.

What are the educational qualifications of Benjamin M. Fink?

Fink holds a B.S. degree in Economics from the Wharton School of the University of Pennsylvania and is a Chartered Financial Analyst (CFA).

What is the expected impact of Benjamin M. Fink joining Dril-Quip's Board?

Fink's financial expertise and leadership experience are expected to contribute to Dril-Quip's growth and strategic initiatives.

What other boards has Benjamin M. Fink served on?

Fink has served on the boards of Zimmer Energy Acquisition Corp and currently serves on Salt Creek Midstream's board.

Dril-Quip, Inc.

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