Newpark Resources Appoints New Member To Board Of Directors

Rhea-AI Summary

Newpark Resources has appointed Michael A. Lewis to its board of directors, effective January 1, 2021. With over 34 years in electric operations, he currently serves as Interim President and Senior VP at PG&E, overseeing critical initiatives such as wildfire prevention and grid resilience. His extensive experience includes roles at Duke Energy. Lewis's appointment aligns with Newpark's strategic focus on growth in electrical utility and industrial markets, expected to enhance the company's sustainability efforts.

Positive

• Michael A. Lewis brings over 34 years of electric operations experience.
• His background in electric utility positions Newpark well for growth in electrical utility markets.
• Lewis's knowledge of environmental sustainability aligns with the company's strategic goals.

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• None.

THE WOODLANDS, Texas, Dec. 4, 2020 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") announced today that Michael A. Lewis has been appointed as a new member to its board of directors, effective January 1, 2021. 

Mr. Lewis has over 34 years of electric operations experience, currently serving as both Interim President as well as Senior Vice President, Electric Operations of Pacific Gas & Electric Corporation ("PG&E"). In these roles, Mr. Lewis oversees all aspects of PG&E's Electric Operations, including the company's wildfire prevention and response efforts, longer-term grid resiliency initiatives, system-wide vegetation management work and emergency preparedness and response efforts. Mr. Lewis joined PG&E in 2018 and announced in July 2020 that he plans to retire on December 31, 2020.  Prior to joining PG&E, Mr. Lewis served as Duke Energy's Senior Vice President and Chief Distribution Officer, responsible for distribution operations across six states. Mr. Lewis previously served in increasingly more senior roles in electric transmission and distribution, including as Chief Transmission Officer at Duke Energy.  He holds a bachelor's degree in electrical engineering from the University of Florida and an MBA from Nova Southeastern University. He attended both the Advanced Management Program at Duke University and the Finance and Accounting for Non-Financial Management Program at the University of Pennsylvania Wharton School.  Additional information regarding Mr. Lewis and other members of Newpark's Board of Directors can be found at www.newpark.com/board-of-directors/.

Mr. Lewis will also serve as a member of Newpark's Audit Committee, Compensation Committee, and Nominating and Governance Committee.

Commenting on the appointment, Anthony J. Best, Chairman of Newpark's Board of Directors, stated, "I am very pleased to welcome Michael to our Board of Directors.  In light of the Company's strategic focus on accelerating  growth within electrical utility and industrial end-markets, his extensive career in the electric utility industry and deep knowledge of the industry's approach to environmental sustainability provide a unique perspective to Newpark, particularly as the energy transition gains traction. Michael exemplifies the values of our Company and we look forward to benefiting from his experiences, perspectives and insights."

Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to a variety of industries, including oil and gas exploration, electrical transmission & distribution, pipeline, renewable energy, petrochemical, and construction industries. For more information, visit our website at www.newpark.com.

Contacts: Gregg Piontek
Senior Vice President & Chief Financial Officer
Newpark Resources, Inc.
gpiontek@newpark.com  
281-362-6800

 

View original content:http://www.prnewswire.com/news-releases/newpark-resources-appoints-new-member-to-board-of-directors-301186405.html

SOURCE Newpark Resources, Inc.

FAQ

Who is Michael A. Lewis and what experience does he bring to Newpark?

Michael A. Lewis is the newly appointed board member of Newpark, bringing over 34 years of experience in electric operations, including his roles at PG&E and Duke Energy.

When does Michael A. Lewis officially start his role at Newpark?

Michael A. Lewis's appointment as a board member is effective from January 1, 2021.

What committees will Michael A. Lewis serve on at Newpark?

Michael A. Lewis will serve on the Audit Committee, Compensation Committee, and Nominating and Governance Committee at Newpark.

How does Michael A. Lewis's appointment impact Newpark's strategy?

Lewis's extensive experience in the electric utility industry supports Newpark's strategic focus on accelerating growth in electrical utility and industrial markets.