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Edgen Group Inc. (NYSE: EDG), a leading global distributor of specialized products including steel pipe, valves, plate, and related components to the energy and industrial infrastructure markets, today announced that John J. Kennedy has been appointed to the Board of Directors effective January 28, 2013 and will serve on the Board’s audit committee and compensation committee. Mr. Kennedy will be up for re-election at the Company’s 2015 Annual Stockholders Meeting.
Mr. Kennedy brings more than 35 years of energy industry experience and 14 years of distribution experience and was most recently the President and Chief Executive Officer of Wilson International, a subsidiary of Schlumberger, from May 1999 to May 2012 when it was acquired by National Oilwell Varco. While at Wilson International, he was responsible for its domestic and international distribution business of pipe, valves and fittings as well as mill, tool and safety products and services to the upstream, midstream and downstream energy industry.
He also served as Chief Financial Officer and Treasurer and in other financial positions of Smith International, Inc. from November 1986 to May 1999 when the company acquired Wilson International. Prior to November 1986, John held senior financial positions at Bow Valley Petroleum Ltd. in the United Kingdom (currently a part of Talisman Energy).
John’s previous board experience includes serving as a board member of CE Franklin, a public company quoted on the Toronto and NASDAQ exchanges. He served on the board from 1999 until April 2012, just prior to the acquisition of CE Franklin by National Oilwell Varco.
Dan O’Leary, Edgen Group’s President and Chief Executive Officer stated, “We are pleased to have John join the Company’s Board of Directors. John has tremendous experience in distribution and the energy markets that will provide an excellent complement to the experience of our other Board members. In addition, I believe his firsthand experience as a CEO and CFO will be invaluable to Edgen Group management as the Company continues to strive for growth and profitability to create value for shareholders.”