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

Rhea-AI Summary

Dril-Quip (NYSE: DRQ) has appointed Carri A. Lockhart to its Board of Directors, based on the recommendation from its Nominating and Governance Committee. Lockhart, with over 20 years of experience in the energy sector, previously held significant roles at Equinor and Marathon Oil, focusing on technology and innovation in energy transition. CEO Jeff Bird expressed enthusiasm for Lockhart's appointment, highlighting her leadership experience as a valuable asset for Dril-Quip's evolving strategies in energy transition.

Positive

• Carri A. Lockhart brings extensive experience in energy transition from Equinor and Marathon Oil.
• Her appointment to the Board is expected to strengthen Dril-Quip's leadership and innovation capabilities.

Negative

• None.

HOUSTON, March 21, 2022 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) announced today that Carri A. Lockhart has been appointed to its Board of Directors upon the recommendation of its Nominating and Governance Committee.

Ms. Lockhart, 50, has the background of being a member of the Corporate Executive Committee since November 2020 at Equinor ASA (“Equinor”) and Executive Vice President of Technology, Digital and Innovation with responsibility for enabling Equinor’s energy transition. Previously at Equinor, she was Senior Vice President – Development & Production International Portfolio and Partner Operations from August 2018 until November 2020 and she was Senior Vice President – Development Production Offshore US (which also included Mexico offshore operations) from May 2016 until August 2018. Prior to joining Equinor in 2016, Ms. Lockhart was employed by Marathon Oil Company for over 20 years in various management, operational and technical positions both domestically and internationally, including as Regional Vice President – Eagle Ford, Regional Vice President – Bakken and Regional Vice President – United Kingdom. Ms. Lockhart holds a Bachelor of Science degree in petroleum engineering from Montana Technological University.

Jeff Bird, Dril-Quip's Chief Executive Officer, commented, “We are excited to have Carri join our Board of Directors and look forward to benefiting from her experience in the energy transition area along with her significant industry experience both at Equinor and Marathon Oil. As we devote more resources to energy transition efforts, Carri’s experience and leadership in that area will be a great resource for the Company and her background in the energy industry will further strengthen the Board’s talent and competencies. We look forward to her contributions to Dril-Quip’s future success as we grow and evolve.”

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. Visit www.dril-quip.com and connect with us https://www.linkedin.com/company/dril-quip

Investor Relations Contact

Blake Holcomb – Director of Investor Relations and Corporate Planning
(713) 939-0047 x 6364
Blake_Holcomb@dril-quip.com

FAQ

Who is Carri A. Lockhart and what is her experience related to Dril-Quip?

Carri A. Lockhart is a newly appointed board member at Dril-Quip, with over 20 years of experience in the energy sector, previously holding significant roles at Equinor and Marathon Oil.

What impact will Carri A. Lockhart's appointment have on Dril-Quip?

Her appointment is expected to enhance Dril-Quip's focus on energy transition efforts due to her extensive industry experience.

When was Carri A. Lockhart appointed to Dril-Quip's Board of Directors?

Carri A. Lockhart was appointed to Dril-Quip's Board of Directors on March 21, 2022.

What roles did Carri A. Lockhart have at Equinor before joining Dril-Quip?

Before joining Dril-Quip, Lockhart served as Executive Vice President of Technology, Digital and Innovation at Equinor and held multiple senior vice president positions.