Newpark Resources, Inc. Announces Executive Changes
July 08, 2019 at 09:15 pm
Share
Newpark Resources, Inc. announced the appointment of David Paterson to the role of Corporate Vice President, and President of the Fluids Systems business, effective July 15, 2019. Mr. Paterson, age 48, joins Newpark with 24 years of global experience in the oilfield equipment and service industry, most recently serving as President, Pressure Pumping for Weir Oil and Gas. Previously, Mr. Paterson held various positions with Schlumberger and affiliated entities from 1995 to 2018, including 13 years with M-I SWACO. Mr. Paterson received both his Bachelor's and Master's degrees in Offshore Engineering from The Robert Gordon University in Aberdeen, Scotland. Concurrent with the appointment of Mr. Paterson, the Company announced the retirement of Bruce Smith. Mr. Smith's career with Newpark spanned more than 20 years, including the role of Executive Vice President and President of Fluids Systems for the period of 2000-2017. Mr. Smith returned to the role of President of Fluids Systems on an interim basis in November 2018.
Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to customers across multiple industries. The Company operates through two segments include Industrial Solutions, Fluids Systems and Industrial Blending. Its Industrial Solutions segment provides temporary worksite access solutions, including the rental of its recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production (E&P), pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. Its Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America and Europe, the Middle East and Africa, as well as certain countries in Asia Pacific.