Basic Energy Services Announces Leadership Changes
BASIC ENERGY SERVICES (BAS)
Last basic energy services earnings: 10/30 04:30 pm
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US:NYSE Investor Relations:
ir.basicenergyservices.com
Company Research
Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (NYSE: BAS) (“Basic” or the “Company”) today announced that T.M. “Roe” Patterson, the Company’s President and Chief Executive Officer and a member of its board of directors (the “Board”), notified the Company that he plans to transition away from the Company to pursue other business opportunities.The Company has begun an executive search for a new Chief Executive Officer. Mr. Patterson will continue to serve as President and Chief Executive Officer of Basic, and as a member of the Board, while the Company conducts a search for his successor, and will remain with Basic in an advisory capacity for a period of time after his replacement is chosen to facilitate an orderly transition. Once his successor is chosen, Mr. Patterson will resign from his position on the Board as well.Additionally, the Company announced that Julio Quintana, a current independent director of the Company, will take on the additional role of Chairma
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