– USA, TX – Oil States International, Inc. (NYSE:OIS) announced today that its Board of Directors elected Mark G. Papa as Chairman of the Board, following the resignation of Stephen A. Wells as Chairman. Mr. Papa has served as a Director of Oil States since going public in February 2001. Mr. Wells has served as a Director of Oil States since April 1996 and as Chairman since May 2006. Mr. Wells will continue to serve as a Director and as a member of the Board’s Nominating & Corporate Governance Committee, subject to re-election at the May 2016 Annual Shareholders’ Meeting.
“I want to thank Steve for his strategic guidance, leadership and dedicated efforts to Oil States throughout his tenure as Chairman. I am pleased that Steve plans to remain on the Board for another term. Additionally, I’d like to welcome Mark to his new role as Chairman and look forward to his leadership. Mark’s extensive energy industry experience will continue to provide significant benefits to Oil States as we focus on the long-term growth and success of our Company,” said Cindy B. Taylor, Oil States’ President and Chief Executive Officer.
About Mark G. Papa
Mark G. Papa has served as a Director of our Company since February 2001. Mr. Papa served as Chairman of the Board and Chief Executive Officer of EOG Resources, Inc. (NYSE:EOG), an oil and gas exploration and production company, from August 1999 until December 2013. He served as a member of EOG’s Board of Directors until December 2014. Mr. Papa is currently a Partner with Riverstone Holdings LLC. He has a petroleum engineering degree from the University of Pittsburgh and a M.B.A. degree from the University of Houston.
About Oil States
Oil States International, Inc. is an energy services company with a leading market position as a manufacturer of products for deepwater production facilities and certain drilling equipment, as well as a provider of completion services and land drilling services to the oil and gas industry. Oil States is publicly traded on the New York Stock Exchange under the symbol “OIS”.
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