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Geoforce Announces Executive & Board Appointments

Stocks in this article: RNET

DALLAS and HOUSTON, Jan. 6, 2014 /PRNewswire/ --  Geoforce, Inc., a global leader in equipment "track and trace" and asset utilization solutions for the oil and gas industry, announced the appointment today of Mark Slaughter to the company's Board Of Directors, as well as Roopa S. Misra as Senior Vice President of Customer Operations.  The appointments are effective December 9, 2013, and January 6, 2014, respectively.

"The flexibility to aggressively recruit the very best talent to our organization was a key driver behind our decision last fall to accept the first equity investment financing in our history," said James S. MacLean III, President & CEO of Geoforce.  " Mark Slaughter and Roopa Misra both share our vision and have experience deploying technology-enabled services into the oil and gas industry on a global scale."

Mr. Slaughter is currently the CEO and President of Houston-based RigNet, Inc. (NASDAQ: RNET), a leading global provider of managed remote communications solutions to the oil and gas industry.  Under Mr. Slaughter's leadership, RigNet has grown from a start-up business to become a public company providing services to a third of the world's offshore drilling rigs.  He has more than 30 years of experience in the energy, telecommunications and remote communications industries, having served in executive and management roles at Halliburton Company, Reliant Energy, United Technologies and Stratos Global Corporation.  Mr. Slaughter received an A.B. from Harvard College and an MBA from Stanford's Graduate School of Business.

"There are many similarities between Geoforce and RigNet's business models, particularly our commitment to supporting offshore and international markets and our shared belief that success in oil and gas technology services rests on a strong local commitment and customer support that exceeds expectations," said Mr. Slaughter.  "My experiences at RigNet will allow me to provide strategic and practical guidance as Geoforce pursues a high growth trajectory in the coming years."

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