NexTier Announces New Director

Rhea-AI Summary

NexTier Oilfield Solutions (NYSE: NEX) has announced the expansion of its Board of Directors from ten to eleven members with the appointment of Leslie Beyer as an independent director, effective February 10, 2023. Beyer, the CEO of the Energy Workforce & Technology Council since 2014, brings over 15 years of experience in public affairs and advocacy within the energy sector. Her appointment is expected to enhance the Board's capabilities in navigating regulatory challenges and promoting ESG best practices. Chairman Patrick Murray and CEO Robert Drummond expressed optimism regarding her wealth of experience and leadership.

Positive

• Appointment of Leslie Beyer as an independent director expected to strengthen the Board's expertise in energy services.
• Beyer brings extensive experience in advocacy and public affairs, which may enhance NexTier's strategic direction.

Negative

• Concerns may arise regarding the continuity and experience gaps due to the recent changes in Board structure.

HOUSTON, Feb. 14, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that the Board of Directors (the "Board") of the Company has increased the size of the Board from ten members to eleven members and appointed Leslie Beyer to serve as an independent director to fill the newly created vacant seat, such appointment to be effective February 10, 2023.  In addition, Ms. Beyer will serve as a member on the Company's Nominating and Corporate Governance Committee.

Leslie Beyer, 47, is the Chief Executive Officer of the Energy Workforce & Technology Council, the largest global energy technology and services association. Serving in this role since 2014, she is a frequent speaker on issues facing the energy industry including the global energy market, regulatory environment and ESG best practices. Ms. Beyer has been an advocate for the energy services sector testifying before Congress and frequently appearing on national media outlets. Additionally, Ms. Beyer has been a member of Natural Gas Services Group, Inc. since 2020, serving as chair of the compensation committee and as a member of both its audit and ESG committees. Before joining EWTC, her career highlights include 15 years in Washington, D.C. serving in policy and public affairs roles in the U.S. Senate, multiple presidential campaigns, The White House – Executive Office of the President, U.S. State Department and U.S. Department of Housing and Urban Development. After government service, Ms. Beyer began a career in advocacy as Director, Member and Board Relations with the National Association of Manufacturers. Ms. Beyer holds a bachelor's degree of arts in Latin American Studies from The University of Texas at Austin.

Patrick Murray, NexTier's Chairman of the Board of Directors, stated, "We are pleased to welcome Leslie to our Board. Her extensive experience supporting the energy services sector will be an invaluable asset to NexTier."

Robert Drummond, NexTier's President and Chief Executive Officer, stated, "We are delighted to have Leslie on our Board. Her leadership and advocacy for responsible operations in energy services further demonstrates NexTier's commitment to having a well-rounded, high-performing Board."

About NexTier Oilfield Solutions

Headquartered in Houston, Texas, NexTier is an industry-leading U.S. land oilfield service company, with a diverse set of well completion and production services across active and demanding basins. Our integrated solutions approach delivers efficiency today, and our ongoing commitment to innovation helps our customers better address what is coming next. NexTier is differentiated through four points of distinction, including safety performance, efficiency, partnership and innovation.  At NexTier, we believe in living our core values from the basin to the boardroom, and helping customers win by safely unlocking affordable, reliable and plentiful sources of energy.

Investor Contact:

Kenneth Pucheu
Executive Vice President - Chief Financial Officer

Michael Sabella
Vice President - Investor Relations and Business Development
michael.sabella@nextierofs.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/nextier-announces-new-director-301746843.html

SOURCE NexTier Oilfield Solutions

FAQ

Who was appointed to NexTier's Board of Directors?

Leslie Beyer was appointed as an independent director.

When did Leslie Beyer join NexTier's Board?

Her appointment became effective on February 10, 2023.

What role does Leslie Beyer hold in addition to being a director at NexTier?

She serves on the Nominating and Corporate Governance Committee.

What experience does Leslie Beyer bring to NexTier?

Beyer has extensive experience in the energy sector and advocacy, previously serving as CEO of the Energy Workforce & Technology Council.

How many members are on NexTier's Board after the recent appointment?

The Board has increased to eleven members.