Exterran Holdings, Inc. (NYSE: EXH) today announced that its Board of Directors has nominated D. Bradley Childers, President and Chief Executive Officer of Exterran Holdings, Inc., William M. Goodyear, Executive Chairman of the Board and retired Chief Executive Officer of Navigant Consulting, Inc., and John P. Ryan, retired President and Chief Executive Officer of Dresser, Inc., for election to the Exterran Holdings Board of Directors at the Company’s 2013 Annual Meeting of Stockholders on April 30, 2013. Uriel E. Dutton, who has served as a director since 2001, and William C. Pate, who has served as a director since 2007, will no longer serve on the Board after the 2013 Annual Meeting.
Exterran also announced that the Board has appointed Mark R. Sotir to become Executive Chairman of the Board and Gordon T. Hall to become Vice Chairman of the Board and lead independent director, each effective April 30, 2013.
“We are pleased about the nominations of Brad Childers, Bill Goodyear and John Ryan,” said Gordon Hall, Chairman of the Board. “Each of them brings different, but significant business experience and perspective, which we believe will enable them to make meaningful contributions to the Board.”
“Uriel Dutton and Bill Pate have been valued members of the Board, and on behalf of the entire Board of Directors, I thank them for their numerous contributions to Exterran,” said Mr. Hall. “We will miss them both and wish them continued success.”
Mr. Hall continued, “I am proud of the significant progress that Exterran's employees have made toward improving the Company's performance. As Executive Vice Chairman of Exterran, Mark Sotir’s role on the Board and with the Company’s management team contributed to this progress. The combination of this experience and knowledge of the Company with his prior experience in executive roles across a variety of industries make him well-qualified to assume the role of Executive Chairman.”