Frank’s International N.V. (NYSE: FI) (the “Company”) today appointed
John Sinders as interim Chief Financial Officer (CFO). Mr. Sinders
succeeds Mark Margavio who is stepping down from the CFO position but
will remain with the Company to assist in the transition of his
responsibilities. The Company is conducting an executive search to
identify a permanent CFO.
Mr. Sinders joined the Company in 2013. In addition to the interim CFO
role, he will continue as Executive Vice President, Administration
having responsibility for Finance, Accounting, Corporate Development and
Investor Relations. Mr. Sinders has over 25 years of experience working
with management teams within the energy industry. He was a close advisor
to a large number of oil services, exploration and production and
shipping companies.
D. Keith Mosing, Frank’s International’s Chairman, Chief Executive
Officer and President said, “I would like to thank Mark Margavio for his
more than a decade of service to Frank’s International. During his
tenure at Frank’s International, Mr. Margavio oversaw the finance and
accounting groups as the Company grew to over $1 billion in revenue. He
was also part of our initial public offering (IPO) last August.” Mr.
Mosing continued, “As we proceed with our search for a new permanent
CFO, we have asked John Sinders to temporarily assume the
responsibilities of interim CFO.”
About Frank’s International
Frank’s International N.V. is a global oil services company that
provides a broad and comprehensive range of highly engineered tubular
services to leading exploration and production companies in both
offshore and onshore environments, with a focus on complex and
technically demanding wells. Founded in 1938, Frank’s has over 4,000
employees and provides services in approximately 60 countries on six
continents. The Company’s common stock is traded on the NYSE under the
symbol “FI.” Additional information is available on the Company’s web
site, www.franksinternational.com.
Copyright Business Wire 2014