HOUSTON, Feb.23, 2021 (GLOBE NEWSWIRE) – Oil States International, Inc. (NYSE: OIS) today announced that Chris Cragg, Executive Vice President, Operations will be leaving the company effective March 1, 2021 to pursue other opportunities. The company does not intend to replace Mr. Cragg. Instead, Cindy Taylor, President and CEO of the Company will assume her role.
Ms. Taylor said: “On behalf of the Board of Directors and the Executive Board, we would like to thank Chris for his service and contributions to the company over the past twenty years and we wish him well in his future endeavors. Chris was part of the management team that helped the company go public in 2001 and has been integral to the growth and success of Oil States over the years.
Mr. Cragg said: “I have had the privilege of working with the entire Oil States team and I want to thank them and wish the Company the best for the future.”
About the oil states
Oil States International, Inc. is a global supplier of manufactures and services to customers in the oil and gas, industrial and military sectors. The company’s manufactured products include high-tech capital goods and consumables. Oil States is headquartered in Houston, Texas, with manufacturing and service facilities strategically located around the world. Oil States is listed on the New York Stock Exchange under the symbol “OIS”.
For more information about the company, please visit the Oil States International website at www.oilstatesintl.com.
The foregoing 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 are those which do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included herein are based on current expectations and involve various risks and uncertainties that could cause actual results to differ materially from these forward-looking statements. These risks and uncertainties include, among others, the level of supply and demand for oil and natural gas, fluctuations in their prices, the cyclical nature of the oil and natural gas industry, the impact of the COVID-19 pandemic on our company and our customers, and other risks associated with the general nature of the energy services industry discussed in the “Activities” and “Risk Factors” sections of the company’s annual report on Form 10-K for the fiscal year ended December 31, 2020, periodic Reports on Form 8-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof, and, except as required by law, the Company does not undertake to update such statements or to publicly announce the results of any of these statements to reflect future events or developments.
Lloyd A. Hajdik
Oil States International, Inc.
Executive Vice President, Chief Financial Officer and Treasurer
SOURCE: Oil States International, Inc.