Forum Energy Technologies Inc. on Dec. 6 said COO Neal Lux will serve as successor to C. Christopher Gaut, who will step into a new role as executive chairman after serving as CEO of the Houston-based oilfield services company since its launch.
The appointment of Lux as president and CEO also includes a spot as a Class II director on the Forum board of directors, all of which are effective Feb. 18.
“It has been an honor to lead FET since its inception,” Gaut commented in the release. “I was pleased to recommend Neal’s appointment to the board of directors, and I look forward to this next phase in our company’s journey.”
Created almost 10 years ago with the merger of Forum Oilfield Technologies, Triton Group, Global Flow Technologies, Allied Technologies and Subsea Services International, Forum Energy Technologies is a global oilfield products company, serving the drilling, subsea, completions, production and infrastructure sectors of the oil and gas industry. The company also has growing exposure to the energy transition.
“I look forward to working together with FET’s management team to execute our business strategy and usher in the next generation of energy leaders,” Lux commented on Dec. 6. “Together we will focus on developing our traditional energy equipment and grow our non-oil and gas portfolio, especially new energy products.”
Since January 2009, Lux has held various operations roles of increasing responsibility with the company and its subsidiaries, including executive vice president of operations, senior vice president of completions, managing director of global tubing and president of global tubing, according to the company website.
“Neal joined FET as part of our investment in Global Tubing in 2013 and since that time he has gained the respect and trust of our board of directors and management,” Gaut continued in his statement. “I have the highest level of confidence in the executive management team’s leadership and business judgment.”
“I want to thank Cris for his distinguished leadership and the board of directors for its confidence in me,” Lux added in the release. “Cris has set a high standard of excellence and established a firm foundation from which we will grow FET’s product portfolio.”
Lux has served in his current role as executive vice president and COO since December 2020. He holds a B.S. in Industrial Engineering from Purdue University.
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