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TheStreet Open House

Jim Crenshaw Appointed RigNet's VP & GM -- Western Hemisphere

Stocks in this article: RNET

HOUSTON, Jan. 22, 2013 (GLOBE NEWSWIRE) -- RigNet, Inc. (Nasdaq:RNET), a leading global provider of managed remote communications solutions to the oil and gas industry, announced today the appointment of James R. "Jim" Crenshaw to the position of vice president and general manager – Western Hemisphere.  

With over thirty years of progressive experience in the oilfield services industry, Crenshaw's primary responsibilities will be to manage RigNet's existing businesses in North and South America and serve as a key contributing member of the company's executive team responsible for overall strategy and direction. Within the hemisphere, he will also be charged with leading RigNet into new countries and oil and gas vertical markets consistent with the company's global growth strategy.

Serving most recently as region engineering manager, North America for Weatherford Secure Drilling Services, Crenshaw has had a long and successful oilfield services career at Halliburton, Baker Hughes, Expro and Weatherford. He has attended the Executive MBA short course program at the Thunderbird School of Global Management. Crenshaw received a Bachelor of Science in Petroleum Engineering from Texas A&M University.

"I am pleased that Jim is joining RigNet to assume this important executive leadership role," said Mark Slaughter, CEO and president of RigNet. "His intimate end user knowledge and extensive working experience in Latin America position him to succeed while bringing fresh ideas from outside the remote communications field. I eagerly look forward to his contributions at RigNet."

About RigNet, Inc.

RigNet (Nasdaq:RNET) is a leading global provider of managed remote communications, systems integration 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 30 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.

The RigNet, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8418

CONTACT: Marty Jimmerson
         RigNet, Inc.
         +1 (281) 674-0118
         investor.relations@rig.net

RigNet, Inc. Logo

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