HOUSTON, Jan. 24, 2019 /PRNewswire/ -- CARBO Ceramics
Inc. (NYSE: CRR) today announced the Company's Board of Directors
("Board") has elected Carla S.
Mashinski as an additional member of the Board.
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Ms. Mashinski is serving as the Chief Financial and
Administrative Officer of Cameron LNG, LLC – which owns a liquefied
natural gas (LNG) facility in Hackberry, LA. Prior to joining Cameron
LNG in July 2015, she served as Chief
Financial Officer and Vice President of Finance and Information
Management of the North American operations of SASOL, an
international integrated energy company.
Ms. Mashinski has been appointed to the Compensation, Audit and
Nominating and Corporate Governance Committees of the Board.
"We are pleased with the addition of Carla to our Board and look
forward to gaining the value of her experience in the energy
industry," said Gary Kolstad,
President and CEO. "She brings a wealth of expertise in global
operational infrastructures, corporate finance and information
management," concluded Mr. Kolstad.
Ms. Mashinski is a certified public accountant, certified
management accountant and a certified project management
professional.
Ms. Mashinski currently serves on the board of Unit Corporation
(NYSE: UNT), a Tulsa, OK based,
publicly held energy company engaged through its subsidiaries in
oil and gas exploration and production, contract drilling and gas
gathering and processing.
About CARBO
CARBO (NYSE: CRR) is a global technology company
that provides products and services to the oil and gas and
industrial markets to enhance value for its clients. The
Company has two reportable operating segments: 1) oilfield and
industrial technologies and services and 2) environmental
technologies and services.
CARBO Oilfield Technologies – is a leading provider
of market-leading technologies to create engineered production
enhancements solutions that help E&P operators to design, build
and optimize the frac – increasing well production and estimated
ultimate recovery, and lower finding and development cost per
barrel of oil equivalent.
CARBO Industrial Technologies - is a leading
provider of high-performance ceramic media and industrial
technologies engineered to increase process efficiency, improve
end-product quality and reduce operating cost. Our minerals
processing and custom manufacturing services help bring new
products to market faster and meet customer demands while
minimizing investment.
CARBO Environmental Technologies – is a leading
provider of spill prevention and containment solutions that provide
the highest level of protection for clients' assets and the
environment in oil and gas and industrial applications. Our range
of innovative products feature a proprietary polyurea coating
technology that creates a seamless, impermeable, maintenance-free
layer of protection.
For more information, please visit www.carboceramics.com.
Forward-Looking Statements
The statements in this news release that are not historical
statements, including statements regarding our future financial and
operating performance and liquidity and capital resources, are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements describe future expectations, plans, results or
strategies and can often be identified by the use of terminology
such as "may", "will", "estimate", "intend", "continue", "believe",
"expect", "anticipate", "should", "could", "potential",
"opportunity", or other similar terminology. All
forward-looking statements are based on management's current
expectations and estimates, which involve risks and uncertainties
that could cause actual results to differ materially from those
expressed in forward-looking statements. Among these factors
are changes in overall economic conditions, changes in the demand
for, or price of, oil and natural gas, changes in the cost of raw
materials and natural gas used in manufacturing our products, risks
related to our ability to access needed cash and capital, our
ability to meet our current and future debt service obligations,
including our ability to maintain compliance with our debt
covenants, our ability to manage distribution costs effectively,
changes in demand and prices charged for our products, risks of
increased competition, technological, manufacturing and product
development risks, our dependence on and loss of key customers and
end users, changes in foreign and domestic government regulations,
including environmental restrictions on operations and regulation
of hydraulic fracturing, changes in foreign and domestic political
and legislative risks, risks of war and international and domestic
terrorism, risks associated with foreign operations and foreign
currency exchange rates and controls, weather-related risks, risks
associated with the successful implementation of our transformation
strategy, and other risks and uncertainties. Additional
factors that could affect our future results or events are
described from time to time in our reports filed with the
Securities and Exchange Commission (the "SEC"). Please see
the discussion set forth under the caption "Risk Factors" in our
most recent annual report on Form 10-K, and similar disclosures in
subsequently filed reports with the SEC. We assume no
obligation to update forward-looking statements, except as required
by law.
FOR MORE INFORMATION:
Investors:
Mark Thomas, Director, Investor
Relations
+1 281-921-6400
Media:
Jamie Efurd, Marketing Director
+1 281-921-6400
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SOURCE CARBO Ceramics Inc.
