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Posted 01 July, 2021

FORUM ENERGY TECHNOLOGIES, INC. appointed new CEO

CEO Change detected for ticker NYSE:FET in a 8-K filed on 01 July, 2021.


  On July 1, 2021, the Board of Directors of Forum Energy Technologies, Inc. (the "Company") appointed Dr. Emily Reichert, Ph.D., Chief Executive Officer of Greentown Labs, as a member of the Board.  

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Overview of FORUM ENERGY TECHNOLOGIES, INC.
Companies on the Energy Service • Oil & Gas Products/Services
Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry. The firm operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, downhole, and subsea markets, as well as other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling, downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables, and subsea remotely operated vehicles and trenchers, specialty components and tools, and complementary subsea technical services. The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers pressure pumping, hydraulic fracturing and flowback services, including hydraulic fracturing pumps, cooling systems, flow iron, wireline cable, and pressure control equipment, as well as related recertification and refurbishment services, and coiled tubing products, such as coiled tubing strings and line pipes. The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. The company was founded in 2005 and is headquartered in Houston, TX.
Market Cap
$199M
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FORUM ENERGY TECHNOLOGIES, INC. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 1, 2021, the Board of Directors of Forum Energy Technologies, Inc. (the "Company") appointed Dr. Emily Reichert, Ph.D., Chief Executive Officer of Greentown Labs, as a member of the Board. Greentown Labs, is North America's largest climatetech startup incubator. Dr. Reichert has led the rapid growth of Greentown Labs into a global center for climatetech solutions innovation. Dr. Reichert earned her doctorate in physical chemistry from the University of Wisconsin and Masters of Business Administration from the Massachusetts Institute of Technology - Sloan School of Management where she also served as a Sloan Fellow in Innovation and Global Leadership. Dr. Reichert will serve as member of the Nominating, Governance and Sustainability Committee and be subject to election as a Class I director at the 2022 Annual Meeting of Stockholders. Dr. Reichert and the Company have entered into an indemnification agreement, a form of which was filed with the Securities and Exchange Commission as Exhibit 10.11 to the Registration on Form S-1 filed on September 1, 2011 (File No. 333-176603). In addition, Dr. Reichert will receive compensation consistent with that provided to the Company's other non-employee directors, including a prorated award of restricted stock equal to approximately $75,000.