Saxon Energy Services Names New President And Chief Executive Officer
CALGARY, Alberta, March 15, 2013 /PRNewswire/ -- Saxon Energy Services Inc. (Saxon), a growing international oilfield services company, today announced that its Board of Directors has named Derek Normore to replace M.J. (Mick) McNulty, the company's current President and Chief Executive Officer who is retiring. Mr. Normore brings extensive international oilfield service experience and enduring relationships across Schlumberger, one of Saxon's most important project partners, developed through a 32-year career successfully managing several of Schlumberger's global businesses, regions and initiatives. In addition, he has expertise in drilling technologies, which when combined with Saxon rig designs, is expected to enhance drilling performance for the Company.
"We believe Derek's experience and leadership capabilities will help accelerate and strengthen our efforts to align innovation and collaboration with performance to deliver consistent results for Saxon customers," stated Mike Mannering, Chairman of the Saxon Board of Directors and President of Schlumberger Rig Management. "Derek will play an important role in managing Saxon's close business association with Schlumberger in providing access to rigs in support of integrated project management well construction activities, and other contracted arrangements. We also look forward to his ability to further the development of new and innovative automated drilling technologies. In particular, the potential for Derek to integrate his expertise in downhole tools and measurements with Saxon's high-efficiency drilling rig designs for enhanced performance is very exciting."
Most recently, Mr. Normore served as President of Pathfinder since 2011. As division President, Derek was responsible for worldwide Directional Drilling, Measurement-While-Drilling (MWD) and Logging-While-Drilling (LWD) business, focused on high volume markets. During his tenure at Pathfinder, Derek saw improved market share and increased operational performance which resulted in rapid growth. Prior to joining Pathfinder in 2011, Mr. Normore was an Integration Project Manager following the merger between Schlumberger Ltd and Smith International, Inc. Prior to the Smith Integration in 2010, Normore was the President of Schlumberger Canada Ltd and Canada Geomarket Manager.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts