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[June 2006]
CARBO Ceramics Announces Executive Changes and New Houston Office Construction
CARBO Ceramics Inc (Irving, TX, USA), the leading manufacturer of ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells and the leading supplier of fracture and reservoir diagnostic services, has announced that it has named Chris Wright as Vice President, Business Development and Kevin Fisher as President of the company's wholly-owned subsidiary, Pinnacle Technologies Inc.In his new role, Mr Wright will be responsible for sales, marketing and business development activities for the company's global proppant and fracture and reservoir diagnostics businesses. Mr Wright had previously served as President of Pinnacle Technologies since founding that company in 1992. Prior to his appointment as President of Pinnacle Technologies, Mr Fisher served as Vice President of Business Development for that business since 2000.
The company also announced that it has broken ground on a new facility in Houston, Texas. This facility will serve as the new headquarters of Pinnacle Technologies and will also serve as headquarters for the sales operations of CARBO Ceramics' proppant business. The facility, which is located on Beltway 8 near West Road, is expected to be completed prior to the end of this year and will initially house approximately 70 employees.
Gary Kolstad, President and CEO of CARBO Ceramics, commented: "Chris Wright's considerable experience with Pinnacle Technologies and his knowledge of the market for fracturing services will allow us to accelerate our efforts to develop synergies between our product and service offerings. Kevin Fisher has over twenty years of experience in the oilfield service industry and has been a key part of the management team responsible for the growth of Pinnacle Technologies for the past six years. We are confident he will provide outstanding leadership to this business going forward. Finally, the combination of our product and service sales teams in a single new facility in Houston will improve the flow of information and the cooperative interaction between these two key groups to better serve our customers and clients."
www.carboceramics.com
ENDS