Forum Energy Technologies, Inc. Announces Executive Changes
December 05, 2021
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Forum Energy Technologies, Inc. will get a new top executive next year. COO Neal Lux will be the company's new president and CEO as well as a Class II director, effective Feb. 18, 2022. He will succeed President and CEO C. Christopher Gaut, who also serves as chairman. Gaut will not be leaving the company and will instead become the executive chairman.
Forum Energy Technologies, Inc. is a global company serving the oil, natural gas, industrial, and renewable energy industries. The Companyâs segments include Drilling & Downhole, Completions and Production. Its Drilling & Downhole segment designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. Its Completions segment designs, manufactures and supplies products and provides related services to the coiled tubing, well stimulation and intervention markets. Its Production segment designs, manufactures, and supplies products and provides related equipment and services for the production and infrastructure markets. It provides a range of industrial valves. The Company also manufactures customized downhole technology solutions in sand and flow control for heavy oil applications.