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NESR Announces Resignation of Board Member

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National Energy Services Reunited (NESR) has announced the resignation of board member Thomas Wood, effective June 5, 2024. Mr. Wood will not be up for re-election at the 2024 Annual General Meeting. The company operates internationally in the Middle East and North Africa, providing integrated energy services. No specific reasons were given for Mr. Wood's resignation.

Positive
  • NESR continues its operations as a leading provider of integrated energy services in the MENA region.
  • The company promptly communicated the board member's resignation, showing transparency.
Negative
  • The resignation of Thomas Wood may lead to instability or changes in strategic direction.
  • The lack of specific reasons for the resignation might raise concerns among investors.

HOUSTON, TX / ACCESSWIRE / June 7, 2024 / National Energy Services Reunited Corp. ("NESR" or the "Company") (OTC PINK:NESR)(OTC PINK:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that on June 5th, 2024, the Board of Directors of NESR accepted the resignation of Board member, Mr. Thomas Wood, effective immediately. Mr. Wood will not be standing for re-election at the 2024 Annual General Meeting.

Cautionary Statement Regarding Forward Looking Statements

Statements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate to, among other things, the Company's expectations related to its business performance, financial condition and results of operation. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in such filings.

About NESR

Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.

For inquiries regarding NESR, please contact:

Blake Gendron or Stefan Angeli
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com

SOURCE: National Energy Services Reunited Corp



View the original press release on accesswire.com

FAQ

What date did NESR announce the resignation of Thomas Wood?

NESR announced the resignation on June 7, 2024.

When did Thomas Wood's resignation from NESR's board become effective?

Thomas Wood's resignation became effective on June 5, 2024.

Will Thomas Wood stand for re-election at the 2024 Annual General Meeting?

No, Thomas Wood will not be standing for re-election at the 2024 Annual General Meeting.

What regions does NESR primarily operate in?

NESR primarily operates in the Middle East and North Africa (MENA) region.

What is NESR known for providing?

NESR is known for providing integrated energy services.

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Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States of America
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