KLX Energy Services Holdings, Inc. Announces Executive Changes
April 20, 2020 at 12:00 pm
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KLX Energy Services Holdings, Inc. announced that Amin J. Khoury, Chairman of the Board of Directors and Chief Executive Officer will be resigning for personal family health reasons on May 1, 2020. Mr. Khoury will continue to be a member of the Board of Directors and serve as a consultant to the Company following his resignation. Also effective on May 1, 2020, Tom McCaffrey, currently Senior Vice President and Chief Financial Officer, will become President and Chief Executive Officer of the Company and will join the Company's Board of Directors. John Collins, who is currently a member of the Company's Board of Directors and Chairman of the Compensation Committee, will then become Chairman of the Board of Directors.
KLX Energy Services Holdings, Inc. is a provider of diversified oilfield services to onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active basins throughout the United States. It operates in three segments: the Southwest Region (the Permian Basin and Eagle Ford Shale), the Rocky Mountains Region (the Bakken, Williston, DJ, Uinta, Powder River, Piceance, and Niobrara basins) and the Northeast/Mid-Con Region (the Marcellus and Utica Shale as well as the Mid-Continent STACK and SCOOP and Haynesville). Its primary services include directional drilling, coiled tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping, and well control services. Its primary rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, composite plugs, and accommodation units.