Business
Appointment of Non-Executive Director
Appointment of Non-Executive Director.
About this update from Plexus Holdings
[{"type":"text","content":"\n \nRNS Number : 9667R Plexus Holdings Plc 18 September 2014 \n \n\nPlexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services\n18 September 2014\nPlexus Holdings PLC ('Plexus' or 'the Company')\nPlexus Strengthens Board - New USA Non-Exec Director Appointment\n \nPlexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities, announces the appointment of Charles Edward Jones to the Board of Plexus as a Non-Executive Director with immediate effect. \n \nMr Jones' role will include advising the Board in respect of interacting with US oil and gas operators and service companies, industry bodies, and regulators as Plexus seeks to roll-out its best in class wellhead equipment into new geographies and expand its POS-GRIP based applications in the exploration, production and ultimately subsea markets worldwide. \n \nCharles has over 30 years of senior management and Board experience having established and grown a number of highly successful engineered-product companies in the energy sector. In 2007, Charles became CEO of Houston-based Forum Oilfield Technology ('FOT'), a global oilfield products company and led its growth up to a successful merger with three other companies in 2010 to create Forum Energy Technologies, a global company with Drilling, Production and Subsea products. The enlarged business completed an IPO in 2012 and was listed on the New York Stock Exchange (NYSE: FET) with revenues of more than US$1.5 billion. Charles remained as President - Drilling, Downhole, and Subsea of FET until August 2013. \n \nPrior to FET, Charles was COO of Hydril Company LP, a privately owned US based drilling and downhole products company, and in 2000 led an IPO of the company to raise capital for investment in the engineering and manufacture of products associated with North American natural gas and ultra-deepwater drilling. Hydril invested over US$250 million in product development and capacity expansion, growing revenues from c.US$90 million to over US$500 million, and was subsequently sold to Tenaris in a transaction valued at US$2.1 billion. After the sale of Hydril, Charles acted as a consultant to t...