Deep Down chairman and CFO resigns

Deep Down, a U.S.-based oilfield services company, has accepted the resignation of executive chairman and chief financial officer (CFO) Eugene Butler, effective September 30, 2017.

Deep Down said on Wednesday that, following Butler’s resignation, the company named current Audit Committee chairman Mark Carden as the chairman of the board.

The company added that the current business manager Charles Njuguna was appointed as the new chief financial officer.

Butler will keep providing financial and SEC guidance to the company in a consulting capacity until December 31, 2018.

Ron Smith, chief executive officer of Deep Down, said: “No words can fully express our appreciation for Gene’s contributions to Deep Down. Ever since he arrived at the company, Gene has always strived to improve the company, always ensured we operated at the highest financial standards, and his extensive knowledge will be sorely missed.

“We wish him all the best in his retirement and are extremely grateful that he will be available to continue providing guidance for our team. He’s been a great partner.”

Share this article

Follow Offshore Energy Today

Posted on September 28, 2017 with tags .

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply