Deep Down Announces Leadership Change
DEEP DOWN INCORP (DPDW)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: GlobeNewswire
HOUSTON, Aug. 15, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW), a specialist in deepwater oil and gas production and distribution equipment and services, announced today it has accepted the resignation of Company founder and CEO, Ronald Smith, effective August 31, 2019, who is leaving to pursue interests outside the oil and gas industry. Charles Njuguna, Deep Down’s CFO, has been appointed to replace Mr. Smith in his role as CEO and as a member of the Board of Directors. In light of his extensive experience and industry knowledge, Mr. Smith will continue to provide technical guidance in a consulting capacity thru 2021. Deep Down has also commenced a search for a Chief Operating Officer. Mr. Njuguna joined Deep Down in 2012 to manage the Company’s corporate accounting activities. In 2015 he was appointed Business Manager to oversee all commercial activities and was appointed CFO in 2017. Mr. Njuguna has over 20 years of international business experience, including various
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