Natural Gas Services Group, Inc. Announces the Retirement and Resignation of David Bradshaw from its Board of Directors
Natural Gas Services Group (NGS) announced that David Bradshaw has retired and resigned from its Board of Directors, effective December 10, 2024. Bradshaw served on the board for thirteen years, contributing valuable oil and gas industry knowledge and operational experience. Board Chairman Stephen Taylor acknowledged Bradshaw's significant contributions to the company and management. Bradshaw stated that NGS and its Board are in a strong position, which influenced his retirement decision. His departure was not due to any disagreement with the Company or the Board.
Natural Gas Services Group (NGS) ha annunciato che David Bradshaw si è ritirato e si è dimesso dal Consiglio di Amministrazione, con effetto dal 10 dicembre 2024. Bradshaw ha servito nel consiglio per tredici anni, offrendo preziose conoscenze e esperienza operativa nel settore del petrolio e del gas. Il Presidente del Consiglio Stephen Taylor ha riconosciuto i significativi contributi di Bradshaw all'azienda e alla gestione. Bradshaw ha dichiarato che NGS e il suo Consiglio si trovano in una posizione solida, il che ha influenzato la sua decisione di ritirarsi. La sua partenza non è stata causata da alcun disaccordo con l'Azienda o il Consiglio.
Natural Gas Services Group (NGS) anunció que David Bradshaw se ha retirado y ha renunciado a su puesto en la Junta Directiva, con efecto a partir del 10 de diciembre de 2024. Bradshaw formó parte de la junta durante trece años, aportando valiosos conocimientos y experiencia operativa en la industria del petróleo y gas. El Presidente de la Junta, Stephen Taylor, reconoció las importantes contribuciones de Bradshaw a la empresa y a la gestión. Bradshaw declaró que NGS y su Junta están en una posición fuerte, lo que influyó en su decisión de retirarse. Su partida no se debió a ningún desacuerdo con la Empresa o la Junta.
Natural Gas Services Group (NGS)는 David Bradshaw가 은퇴하고 이사회에서 사임한다고 발표했습니다. 이는 2024년 12월 10일부터 효력을 발생합니다. Bradshaw는 13년 동안 이사회에서 활동하며 석유 및 가스 산업에 대한 귀중한 지식과 운영 경험을 제공했습니다. 이사회 의장인 Stephen Taylor는 Bradshaw의 회사와 경영에 대한 중요한 기여를 인정했습니다. Bradshaw는 NGS와 이사회가 강력한 위치에 있다고 밝혔으며, 이는 그의 은퇴 결정에 영향을 미쳤습니다. 그의 퇴사는 회사나 이사회와의 불일치 때문은 아니었습니다.
Natural Gas Services Group (NGS) a annoncé que David Bradshaw a pris sa retraite et a démissionné de son poste au conseil d'administration, à compter du 10 décembre 2024. Bradshaw a siégé au conseil pendant treize ans, apportant des connaissances précieuses et une expérience opérationnelle dans l'industrie pétrolière et gazière. Le Président du Conseil, Stephen Taylor, a reconnu les contributions significatives de Bradshaw à l'entreprise et à sa direction. Bradshaw a déclaré que NGS et son Conseil sont dans une position solide, ce qui a influencé sa décision de prendre sa retraite. Son départ n'était pas dû à un désaccord avec l'entreprise ou le Conseil.
Natural Gas Services Group (NGS) hat bekanntgegeben, dass David Bradshaw am 10. Dezember 2024 in den Ruhestand geht und von seinem Posten im Vorstand zurücktritt. Bradshaw war dreizehn Jahre im Vorstand tätig und brachte wertvolles Wissen und operative Erfahrung in der Öl- und Gasindustrie ein. Der Vorsitzende des Vorstands, Stephen Taylor, würdigte die bedeutenden Beiträge von Bradshaw zum Unternehmen und zur Unternehmensführung. Bradshaw erklärte, dass NGS und sein Vorstand in einer starken Position sind, was seine Entscheidung für den Ruhestand beeinflusste. Sein Rücktritt war nicht das Ergebnis eines Dissenses mit dem Unternehmen oder dem Vorstand.
- Board member's departure was amicable with no disagreements
- Company and Board reported to be in strong position according to departing director
- Loss of 13 years of industry expertise and operational experience from the board
Midland, Texas, Dec. 16, 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 David Bradshaw has retired and resigned from its Board of Directors, effective as of December 10, 2024. Mr. Bradshaw’s decision to retire and resign from the Board was not the result of any disagreement with the Company or the Board.
"The Board and I wanted to formally recognize and thank David for his thirteen years of service to NGS as a Director,” said Stephen Taylor, Chairman of the Board of NGS. “His knowledge of the oil and gas industry along with his significant operating experience provided unparalleled value to the Company and management over his tenure. His insight and advice will be missed by the Board. We wish him well in his future endeavors."
“I want to thank Steve for inviting me on to the Board more than a decade ago,” stated Mr. Bradshaw. “NGS and its Board are in a very strong place and this gave me great comfort in my decision to retire. I wish the Company, the Board, and the management team well and I am confident they will continue to deliver for shareholders.”
About Natural Gas Services Group, Inc. (NGS): NGS is a leading provider of natural gas compression equipment, technology and services to the energy industry. We rent, design, sell, install, service and maintain natural gas compressors for oil and natural gas production and processing facilities, generally using equipment from third-party fabricators and OEM suppliers along with limited in-house assembly. We are headquartered in Midland, Texas, with an assembly 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 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
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