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Natural Gas Services Group, Inc. Announces the Appointment of Chief Financial Officer

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Natural Gas Services Group (NGS) has appointed Ian Eckert as its new Chief Financial Officer, effective no later than January 6, 2025. Eckert joins from Alamo Group where he served as Chief Accounting Officer, VP, and Corporate Controller. He brings experience in financial management, public company accounting, and acquisition integration. Current Interim CFO John Bittner will continue in his role until Eckert's start date and provide transition services thereafter. Eckert previously held positions at AMETEK's Electron Microscopy Technologies and Howmet Aerospace, and holds degrees from Indiana University and Carnegie Mellon University.

Natural Gas Services Group (NGS) ha nominato Ian Eckert come nuovo Chief Financial Officer, con effetto entro il 6 gennaio 2025. Eckert proviene da Alamo Group, dove ha ricoperto il ruolo di Chief Accounting Officer, VP e Corporate Controller. Porta con sé esperienza nella gestione finanziaria, contabilità di società pubbliche e integrazione di acquisizioni. L'attuale CFO ad interim, John Bittner, continuerà a svolgere il proprio ruolo fino alla data di inizio di Eckert e fornirà servizi di transizione successivamente. Eckert ha precedentemente ricoperto posizioni presso Electron Microscopy Technologies di AMETEK e Howmet Aerospace, e possiede lauree presso l'Università dell'Indiana e la Carnegie Mellon University.

Natural Gas Services Group (NGS) ha nombrado a Ian Eckert como su nuevo Director Financiero, con efecto no más tarde del 6 de enero de 2025. Eckert proviene de Alamo Group, donde se desempeñó como Director de Contabilidad, VP y Contralor Corporativo. Aporta experiencia en gestión financiera, contabilidad de empresas públicas e integración de adquisiciones. El actual CFO interino, John Bittner, continuará en su cargo hasta la fecha de inicio de Eckert y proporcionará servicios de transición posteriormente. Eckert ocupó anteriormente puestos en Electron Microscopy Technologies de AMETEK y Howmet Aerospace, y tiene títulos de la Universidad de Indiana y la Universidad Carnegie Mellon.

내추럴 가스 서비스 그룹(NGS)은 Ian Eckert를 새로운 최고 재무 책임자로 임명했습니다. 이 임명은 2025년 1월 6일 이전에 실시될 예정입니다. Eckert는 Alamo Group에서 회계 담당 최고 책임자, 부사장 및 기업 컨트롤러로 재직하였습니다. 그는 재무 관리, 상장 회사 회계 및 인수 통합 분야에서 경험을 제공합니다. 현재 임시 CFO인 John Bittner는 Eckert의 시작일까지 역할을 계속하며, 이후 전환 서비스를 제공합니다. Eckert는 AMETEK의 전자 현미경 기술 및 Howmet Aerospace에서 이전에 여러 직위를 역임하였으며, 인디애나 대학교와 카네기 멜론 대학교에서 학위를 취득하였습니다.

Natural Gas Services Group (NGS) a nommé Ian Eckert en tant que nouveau Directeur Financier, prenant effet au plus tard le 6 janvier 2025. Eckert rejoint Alamo Group où il a occupé le poste de Directeur Comptable, VP et Contrôleur Corporatif. Il apporte une expérience en gestion financière, comptabilité d'entreprises publiques et intégration d'acquisitions. L'actuel CFO intérimaire, John Bittner, continuera dans son rôle jusqu'à la date de début d'Eckert et fournira des services de transition par la suite. Eckert a précédemment occupé des postes chez Electron Microscopy Technologies d'AMETEK et Howmet Aerospace, et détient des diplômes de l'Université de l'Indiana et de l'Université Carnegie Mellon.

Natural Gas Services Group (NGS) hat Ian Eckert als neuen Finanzvorstand ernannt, der spätestens ab dem 6. Januar 2025 tätig sein wird. Eckert kommt von der Alamo Group, wo er als Chief Accounting Officer, VP und Corporate Controller tätig war. Er bringt Erfahrung in der Finanzverwaltung, der Rechnungslegung für öffentliche Unternehmen und der Integration von Übernahmen mit. Der aktuelle interimistische CFO, John Bittner, wird bis zu Eckerts Startdatum weiterhin in seiner Rolle bleiben und danach Übergangsdienste anbieten. Eckert hatte zuvor Positionen bei AMETEKs Electron Microscopy Technologies und Howmet Aerospace inne und hat Abschlüsse von der Indiana University und der Carnegie Mellon University.

Positive
  • Appointment of permanent CFO with public company experience
  • Structured transition period with current interim CFO
  • New CFO brings expertise in acquisition integration and operational improvement
Negative
  • None.

Midland, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE: NGS), a leading provider of natural gas compression equipment, technology, and services to the energy industry, announced today that Ian Eckert will join the company’s executive leadership team as its new Chief Financial Officer no later than January 6, 2025. John Bittner, NGS’s current Interim CFO, will continue in that role until Mr. Eckert’s start date and then provide transition services thereafter.  

“I am thrilled to welcome Ian to the NGS leadership team as our Chief Financial Officer and look forward to his contributions,” stated Justin Jacobs, Chief Executive Officer of NGS. “Ian brings a valuable combination of experiences to the CFO role, encompassing financial acumen, public company accounting, strategy, operational improvement, and acquisition integration. I look forward to working with Ian to continue to create meaningful value for NGS shareholders. I would also like to take this opportunity to thank John Bittner and his colleagues at Accordion who have worked with NGS over the past year and been instrumental in our success.”

“I am excited about the opportunity to contribute to the continued growth and success of NGS, and I am eager to bring my experience and dedication to the CFO position,” stated Mr. Eckert. “I am impressed by the vision for the organization and commitment to driving value for shareholders. I look forward to collaborating with the leadership team to continue to drive growth and provide best-in-class natural gas compression services to NGS customers.”

Since June 2023, Mr. Eckert has been employed at Alamo Group Inc., a public company traded on the NYSE which manufactures equipment used in the industrial, vegetation, and agricultural markets; he currently serves as Chief Accounting Officer, Vice President, and Corporate Controller. Prior to joining Alamo Group, from 2020 to 2023, Mr. Eckert served as Vice President, Finance for AMETEK Inc.'s Electron Microscopy Technologies business based in Pleasanton, California, a public company traded on the NYSE:AME. Prior to 2020, Mr. Eckert held controllership, financial planning and analysis, and strategy roles progressing in responsibility at Howmet Aerospace Inc. (formerly Alcoa Inc.). He started his professional career at Lafarge. Mr. Eckert holds a B.S. in Finance from Indiana University and an MBA from Carnegie Mellon University.

About Natural Gas Services Group, Inc. (NGS):  NGS is a leading provider of natural gas compression equipment, technology, and services to the energy industry. The Company manufactures, fabricates, rents, sells, and maintains natural gas compressors for oil and natural gas production and plant facilities. NGS is headquartered in Midland, Texas, with a fabrication facility located in Tulsa, Oklahoma, a rebuild shop located in Midland, Texas, and service facilities located in major oil and natural gas producing basins in the U.S. Additional information can be found at www.ngsgi.com.

Forward-Looking and Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2023 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, fundamentals of the compression industry and related oil and gas industry,  compressor demand assumptions, overall industry outlook, the ability of the Company to capitalize on any potential opportunities and general economic conditions.

For More Information, Contact:

Anna Delgado, Investor Relations

(432) 262-2700

ir@ngsgi.com www.ngsgi.com


FAQ

When will Ian Eckert start as NGS's new CFO?

Ian Eckert will join Natural Gas Services Group (NGS) as CFO no later than January 6, 2025.

What is Ian Eckert's current position before joining NGS?

Ian Eckert currently serves as Chief Accounting Officer, Vice President, and Corporate Controller at Alamo Group Inc.

Who is the current interim CFO at NGS?

John Bittner is the current Interim CFO at NGS and will provide transition services after Eckert's start date.

What is Ian Eckert's educational background?

Ian Eckert holds a B.S. in Finance from Indiana University and an MBA from Carnegie Mellon University.

Natural Gas Services Group, Inc.

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