Skip to main content

Exterran Holdings nominates five new directors

World Pipelines,


Exterran Holdings, Inc. announced that its Board of Directors has nominated the following individuals for election to the Exterran Holdings Board at the Company’s 2015 Annual Meeting of Stockholders on 28 April, 2015:

  • Anne-Marie N. Ainsworth – former President and Chief Executive Officer of the general partner of Oiltanking Partners, L.P.
  • Frances Powell Hawes – independent financial consultant and former Chief Financial Officer of NCI Building Systems, Inc.
  • James H. Lytal – independent energy consultant and former President of Gulfterra Energy Partners LP.
  • Richard R. Stewart- former President and Chief Executive Officer of GE Aero Energy.
  • Ieda Gomes Yell – Managing Director of Energix Strategy Ltd. and former President of BP Brazil.

Stephen M. Pazuk, who has served as a director since 2004, will cease service on the Board after the 2015 Annual Meeting.

“In November 2014, we announced a plan to separate Exterran’s international contract operations, international aftermarket services and global fabrication businesses into an independent, publicly traded company in the second half of 2015,” said Mark Sotir, Executive Chairman of the Board. “Our Board has nominated these additional well qualified director candidates in anticipation of certain of Exterran’s directors resigning from the Board at the time of the separation in order to join the board of directors of the new publicly traded company. We have not yet reached a final determination regarding which directors will remain on Exterran’s Board and which directors will join the board of directors of SpinCo at the time of the separation.”

“We are excited about the nominations of these accomplished candidates,” added Brad Childers, Exterran’s President and Chief Executive Officer. “Each brings significant business experience and perspective and, we believe, will make meaningful contributions to the board of directors of Exterran, or the new company.”

Mr. Childers continued, “With the filing of SpinCo’s initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission late last week, as well as these nominations and progress on our internal work to separate our businesses, we remain on track with the transaction and expect to complete it in the second half of 2015.”

“Finally, on behalf of the Board of Directors and management, I want to thank Steve Pazuk for his significant contributions to Exterran,” said Mr. Childers. “Steve has been a valued member of the Board for many years, as well as a valued friend to many of us at Exterran. We will miss Steve and wish him all the best.”


Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/19032015/exterran-holdings-nominates-five-new-directors/

You might also like

 
 

Embed article link: (copy the HTML code below):