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Posted 06 December, 2021

FORUM ENERGY TECHNOLOGIES, INC. appointed Mr. Neal Lux as new CEO

NYSE:FET appointed new Chief Executive Officer Mr. Neal Lux in a 8-K filed on 06 December, 2021.


  On December 6, 2021, Forum Energy Technologies, Inc. (the "Company") announced the appointment of Mr. Neal Lux as President and Chief Executive Officer, effective February 18, 2022.  

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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
View Company Details
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 December 6, 2021, Forum Energy Technologies, Inc. (the "Company") announced the appointment of Mr. Neal Lux as President and Chief Executive Officer, effective February 18, 2022. As part of the Company's executive management succession planning process, effective as of the same date, Mr. C. Christopher Gaut, the current Chairman, President and Chief Executive Officer, will retire from his positions as President and Chief Executive Officer and will become Executive Chairman of the Company's board of directors (the "Board"). The Board has also appointed Mr. Lux as a Class II director, effective February 18, 2022.

Mr. Lux, age 45, has served as the Company's Executive Vice President and Chief Operating Officer since December 2020. Since January 2009, Mr. Lux has held various operations roles of increasing responsibility with the Company and its subsidiaries, including Executive Vice President - Operations; Senior Vice President - Completions; Managing Director - Global Tubing; and President - Global Tubing. He holds a B.S. in Industrial Engineering from Purdue University.

Mr. Lux does not have any family relationships with any director, executive officer, or any person nominated to become a director or executive officer of the Company and there are no arrangements or understandings between Mr. Lux and any other person pursuant to which Mr. Lux was appointed as the President and Chief Executive Officer of the Company. There are no transactions in which Mr. Lux had or will have an interest that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.