Furmanite Corporation (NYSE: FRM) today announced the promotion of three executives to senior leadership roles as part of the Company’s new, globally unified structure. Clint Jordan, Jay Goodyear and Chad Murray have been named Executive Vice Presidents, each with responsibility to lead one of the three key dimensions of the new world-wide organization. The Company’s new organization, known internally as “The Orange Way”, is a three way global matrix which links Furmanite’s worldwide operations to accelerate global growth. Responsibilities for the three key dimensions of the new global matrix are as follows:
- Jordan will lead the geographical dimension of growth through Furmanite’s global network of Service Delivery Centers.
- Goodyear will lead the project execution and manufacturing dimension of growth through a global network of all Operations functions and resources.
- Murray will lead the services dimension of growth through a number of Service Line teams who will link the Company’s total global expertise and technology in each service offered by Furmanite.
“This new organization represents a significant departure from our past structure which was based on independent operation of each geographical unit, without global linkage of service line capabilities or operations work-processes,” said Charles Cox, Chairman of the Board and Chief Executive Officer. “This is a whole new ballgame for Furmanite and it is great to see our team’s enthusiastic commitment to move forward with our new approach which will empower and “operationalize” organic growth across our global footprint.”“Further communications will be forthcoming as we appoint the key executives who will have direct responsibility for leading each Service Delivery Center, Operations Function and Service Line,” concluded Milliron. ABOUT FURMANITE CORPORATION Furmanite Corporation (NYSE: FRM) is a worldwide technical services firm. Headquartered in Houston, Texas, Furmanite, one of the world’s largest specialty technical services companies, delivers a broad portfolio of engineering solutions that keep facilities operating, minimizing downtime and maximizing profitability. Furmanite’s diverse, global operations serve a broad array of industry sectors, including offshore drilling operations, pipelines, refineries and power generation facilities, chemical and petrochemical plants, steel mills, automotive manufacturers, pulp and paper mills, food and beverage processing plants, semi-conductor manufacturers and pharmaceutical manufacturers. Furmanite operates more than 75 offices on six continents. For more information, visit www.furmanite.com. Certain of the Company’s statements in this press release are not purely historical, and as such are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management’s intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company’s business, and other risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. One or more of these factors could affect the Company’s business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this document will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date made or to reflect the occurrence of unanticipated events, except as required by law.