ChampionX Corp. on Jan. 19 said that after a 35-year career in financial leadership roles, Jay A. Nutt is retiring from his position as senior vice president and CFO of the company. Jay will transition from his role as CFO effective February 1, 2021, but will remain with the company as an advisor through the second quarter of this year to ensure a smooth transition. The company has appointed Kenneth M. Fisher as executive vice president and CFO effective February 1, 2021.
Fisher served as the executive vice president and CFO of Noble Energy Inc., an oil and natural gas exploration and production company, from 2009 until its acquisition by Chevron in October 2020. He also served as chair of the board of Noble Midstream Partners from 2016 until October 2020. Before joining Noble Energy, he served in a number of senior leadership roles at Shell. Prior to joining Shell in 2002, Fisher held senior finance positions within business units of General Electric Company. He has also served on the ChampionX board of directors and as chairman of the audit committee of the board since 2018. Fisher will resign from the board effective February 1, 2021.
“I want to personally thank Jay for his leadership and important contributions to our organization over the last several years as we became a standalone publicly traded company and later completed our successful transformational merger with ChampionX during a challenging period for our energy industry. Jay has been a trusted business partner and I wish him the very best in his next chapter of life,” Sivasankaran Somasundaram, ChampionX’s president and CEO, said.
Mezzanine financing usually remains a reliable standby when the broader capital markets are swinging shut.
While the lower middle market might be underserved, capital is still available for smaller, regional operators with good opportunities.
This pair of private operators talks about how they assembled and delineated unique assets. What attracted them and what special sauce do they bring to development?