Forum Energy Technologies Inc. said June 30 that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized.
As part of the changes, D. Lyle Williams Jr. will be the executive vice president and CFO. Williams joined Forum in 2007 after previously working for Cameron International. He most recently served as Forum’s senior vice president of operations, overseeing the drilling, subsea, production equipment and valve solutions product lines. Lyle also previously held several senior financial and operating roles across Forum. Lyle, 50, has a bachelor’s degree from Rice University and an MBA from Harvard Business School.
Additionally, Neal Lux will be the executive vice president, operations with oversight of all forum operating segments. Lux joined Forum in 2017 following its acquisition of the Global Tubing joint venture. Prior to that, he served as president of Global Tubing during Forum’s initial investment in 2013. Most recently, Neal served as Forum’s senior vice president, operations, leading the completions segment and downhole product line. Neal began his career with PriceWaterhouseCoopers, and worked for Maverick Tube and Tenaris. Neal holds an engineering degree from Purdue University.
Lyle and Neal will report to C. Christopher Gaut, Forum’s chairman and CEO, as will John C. Ivascu, executive vice president, general counsel, chief compliance officer and corporate secretary; Michael D. Danford, senior vice president and chief human resources officer; and Neil Brent, vice president of internal audit.
Forum also said that Pablo G. Mercado, Forum’s senior vice president and CFO, is resigning from Forum to pursue other opportunities.
Changes to the executive team will be effective July 10, 2020.
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