MISSION WOODS, Kan., May 3, 2013 (GLOBE NEWSWIRE) -- Layne Christensen Company (Nasdaq:LAYN) ("Layne" or the "Company") today announced that James R. Easter has been named Chief Financial Officer, effective May 6, 2013.
Mr. Easter brings a wealth of financial, management, and industry experience to Layne. He most recently served as Chief Financial Officer of SEH Offshore Ventures, the focus of which was to acquire and operate an international fleet of standard class jack-up drilling units. In 2010, he accepted the position of Chief Financial Officer at Seahawk Drilling, a shallow-water contract oil & gas drilling company. The following year, Mr. Easter was appointed President and CEO of Seahawk where he successfully managed the sale of the company to Hercules Offshore. From 2002-2008, Mr. Easter was Vice President of Finance and Treasurer, and then Vice President of Corporate Development and Strategic Planning at McDermott International, a Fortune 500 company focused on executing complex offshore oil & gas projects worldwide. Prior this, Mr. Easter was Vice President, Transaction Development and Support, at Reliant Energy Solutions, Inc., part of Reliant Energy.
He received his B.A. from the University of Texas, Austin and an M.B.A. from Thunderbird, The American Graduate School of International Management.Rene Robichaud, President and CEO of Layne, said, "Jim's expertise in finance, M&A, energy services, and managing global companies makes him an ideal fit for Layne. We expect Jim's vision and counsel will be a vital component of our continuing evolution into a global provider of responsible solutions for water, mineral and energy resources." Mr. Easter stated, "This is an exciting time to join Layne, and I look forward to helping advance the Company's growth strategies." Mr. Easter succeeds Jerry Fanska, who announced his retirement in December 2012. Mr. Fanska will remain with Layne in order to assist in the transition of responsibilities and Layne's relocation to Houston.
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