HOUSTON, March 22, 2021 /PRNewswire/ -- Superior Energy
Services, Inc. (the "Company") today announced the resignations of
David Dunlap, president and chief
executive officer and a member of its board of directors, and Westy
Ballard, executive vice president, chief financial officer and
treasurer. Mr. Dunlap and Mr. Ballard resigned from the
Company to pursue other opportunities. Michael Y. McGovern, the chairman of the
Company's board of directors, has been appointed executive chairman
and assumed the functions of the Company's principal executive
officer, and James Spexarth, the
Company's chief accounting officer, has been appointed interim
chief financial officer.
"On behalf of our board of directors we thank Dave Dunlap and Westy Ballard for their positive
contribution and leadership over the last decade, and more recently
for their successful navigation through the recent financial
challenges," said Mr. McGovern. "A special thanks to Dave for his
admirable work in shaping the company culture, particularly
apparent in our Shared Core Values and safety initiatives. Through
their efforts combined with other members of our team, the Company
emerged with a solid portfolio of operating companies, positive
cash flow, strong balance sheet and limited debt. We are well
positioned for the future."
The Company plans to commence an executive search to identify a
successor for Mr. Dunlap.
ABOUT SUPERIOR
Superior serves the drilling, completion and production-related
needs of oil and gas companies worldwide through a diversified
portfolio of specialized oilfield services and equipment that are
used throughout the economic life cycle of oil and gas wells. For
more information, visit http://www.superiorenergy.com.
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SOURCE Superior Energy Services, Inc.