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HOUSTON, Sept. 11, 2012 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions to the oil and gas industry, today announced that it has appointed Brad Alexander to the new position of Vice President, Corporate Development.
Alexander has over twenty years of expertise in hands-on mergers and acquisitions, due diligence and integration of businesses. He has held a variety of key executive positions for Fortune 100 companies, including serving as operations leader and board member of a $2 billion financing company owned by American Express and as the financial executive for four business units with $5 billion in assets as well as the small business Internet investments and partnerships group.
Most recently, Alexander has served as a managing director at Westlake Securities and, before that, as a senior vice president at Gulfstar Group, both investment banks for middle market companies. He holds a B.S. degree in Finance / Business Administration from Old Dominion University.
Said Mark B. Slaughter, CEO and president, "With the recent acquisition of Nessco, RigNet has demonstrated that we will seek out new growth areas and enhanced capabilities to serve our oil and gas customers, using capital raised in our public offering to attract companies to the RigNet family. Along with the formation this year of the Corporate Development Committee of the Board of Directors, this executive appointment underscores our commitment to pursue strategic acquisitions that jumpstart our growth initiatives and add key capabilities. I am delighted to be welcoming Brad to the RigNet team and look forward to his contributions."
About RigNet, Inc.
RigNet (Nasdaq:RNET) is a leading global provider of managed remote communications, networks and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities and energy maritime. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over thirty countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit
www.rig.net . RigNet is a registered trademark of RigNet, Inc.
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