Safe Harbor Statement

This website may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

These forward-looking statements reflect the current views of the management of Newpark Resources, Inc.; however, various risks, uncertainties and contingencies could cause actual operating results to differ materially from those in the forward-looking statements.

These risks, uncertainties and contingencies are detailed in filings with the Securities and Exchange Commission made by the company, including, without limitation, its quarterly report on Form 10-Q and its annual report on Form 10-K.

Newpark Resources, Inc. undertakes no obligations to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Okay to Continue

Newpark Resources Announces Leadership Change In Fluids Systems Business

Newpark Resources Announces Leadership Change In Fluids Systems Business

November 16, 2018 at 7:00 AM EST

THE WOODLANDS, Texas, Nov. 16, 2018 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) today announced the departure of Phillip T. Vollands, effective November 15, 2018.  Mr. Vollands served as Corporate Vice President and President of the Fluids Systems business since July 2017, and previously as President, Western Hemisphere for the business.  Until a permanent successor is appointed, Bruce C. Smith, the Company's current Chief Technology Marketing Officer, will return to the role of Corporate Executive Vice President and President of Fluids Systems on an interim basis, a position he held from 2000 to 2017.  The Company has initiated a search process to identify Mr. Vollands' permanent successor utilizing an executive search firm to assist with the process.

"I'd like to thank Phil for his efforts and contributions to Newpark over the past five years, and we wish him well in his future endeavors," stated Paul Howes, Newpark's President and Chief Executive Officer. "While we search for a permanent successor for the position, Bruce Smith's return to his former role provides a smooth transition on an interim basis, allowing us to maintain our focus in our Fluids business on our operational execution and long-term strategic direction."

Newpark Resources, Inc. is a worldwide provider of value-added fluids and chemistry solutions in the oilfield, and engineered worksite and access solutions used in various commercial markets.  For more information, visit our website at www.newpark.com.

Contact:

Gregg Piontek, SVP & CFO


Newpark Resources, Inc.


gpiontek@newpark.com


281-362-6800

 

Cision View original content:http://www.prnewswire.com/news-releases/newpark-resources-announces-leadership-change-in-fluids-systems-business-300751902.html

SOURCE Newpark Resources, Inc.