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Services company Cactus Inc. has appointed CFO Stephen Tadlock as CEO of its spoolable technologies segment FlexSteel, according to an Oct. 18 news release.
Cactus acquired Flexsteel in March for approximately $621 million.
Tadlock, who is also an executive vice president, previously served as vice president of corporate services and chief administrative officer at Cactus. Prior to Cactus, he served as board chairman for spoolable pipe business Polyflow, which was acquired by Baker Hughes in 2018.
“We have much work to do as we continue to realize the full potential of our combined Cactus and FlexSteel businesses,” Scott Bender, CEO and chairman of Cactus’ board, said in the release. “I’m confident that Steve is the right person for the job given his long history with Cactus and knowledge of our culture, in addition to his previous experience leading a spoolable pipe business which will ensure a smooth transition.”
Alan Keifer, former Baker Hughes controller and chief accounting officer will serve as interim CFO beginning on Nov. 13, Cactus said.
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