Peter D. Kinnear Named Chairman of FMC Technologies
Houston, Texas, October 06, 2008
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FMC Technologies, Inc. (NYSE:FTI) today announced that Peter D. Kinnear, President and Chief Executive Officer of the company, has been named Chairman of the Board of Directors, effective October 3, 2008. Mr. Kinnear, who will continue as President and CEO, succeeds Joseph H. Netherland who has served as Chairman since March 2007. Mr. Netherland will continue to serve as a non-independent member of FMC Technologies’ Board of Directors.
Mr. Kinnear was appointed President and Chief Operating Officer of the corporation in February 2006 and was named CEO in March 2007. He has been with FMC Technologies or its predecessor since 1971. During his 37-year career, he has served in a variety of marketing and operating roles within FMC’s Energy Systems businesses, serving as Vice President of Energy Systems in 2000 and Executive Vice President of FMC Technologies in 2004.
Mr. Kinnear currently serves on the boards of Tronox, Incorporated (NYSE: TRX), the Petroleum Equipment Suppliers Association and the National Association of Manufacturers. Mr. Kinnear also serves on the Board of Trustees of Spindletop International and on the Policy Committee of the American Petroleum Institute.
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FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 10,000 employees and operates 23 manufacturing facilities in 19 countries. For more information visit www.fmctechnologies.com.