Superior Energy Services Inc. (NYSE: SPN) said on Jan. 29 its board of directors has elected, effective as of March 1, 2018, Westervelt T. Ballard, Jr. as CFO and James W. Spexarth as chief accounting officer.
Ballard will succeed Robert S. Taylor, who is retiring after 22 years of service to the company.
Since 2012, Ballard has served as executive vice president with leadership responsibilities for the company’s global premium tubulars, completion tools and international well services businesses. Prior to that, he served as vice president of corporate development after joining the company in 2007. Before joining the company, he spent eight years as a private equity and mergers and acquisitions professional. Ballard began his professional career in the U.S. Marine Corps as an infantry officer.
Spexarth will become the company’s first chief accounting officer after joining Superior Energy in 2013 as a vice president and controller. Before joining the company, Spexarth held numerous accounting and finance managerial roles with Halliburton Co. (NYSE: HAL) over ten years, concluding his career there as senior director of finance – Western Hemisphere.
“We are very fortunate to have talented leaders with the experience that Westervelt and James possess," Dave Dunlap, Superior’s CEO and president, said.
“Westervelt’s financial and operational expertise, in addition to his deeply entrenched relationships with the investment community, are ideally suited for the challenges and opportunities we see ahead of us. Jamie’s many years of oil field service financial management experience have prepared him to lead and grow our accounting and reporting functions.”
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