HOUSTON, Feb. 27, 2017 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK), a leading developer and distributor of prescriptive chemistry-based technology, today announced the appointment of Matt Marietta as senior vice president of corporate development and investor relations.
In this role, he will oversee investor relations, communicating the company's growth strategy, financial performance and plans for enhancing shareholder value to investors, analysts and other external audiences. Additionally, he will lead business development initiatives including M&A, joint ventures and investments. Based out of Flotek's headquarters, he will serve on the company's executive leadership team, reporting to Chief Executive Officer, President & Chairman of the Board John W. Chisholm. He is scheduled to join Flotek on March 1.
"Matt brings an ideal mix of expertise to this role, with a strong track-record as a recognized financial analyst with relationships spanning the company's investor and analyst base. His deep knowledge of the energy and chemicals industries and strong understanding of Flotek will benefit our company and stakeholders," said Chisholm. "I look forward to having Matt join my executive leadership team to strengthen our relationships with the financial community and drive further successes with our business partners."
Matt joins Flotek from Stephens, Inc., where he was a publishing sell-side analyst covering Flotek. He expanded the firm's energy practice, ultimately leading its oilfield services equity research team. He has been recognized by Institutional Investor and cited in numerous publications including Reuters, CNBC, WSJ, Bloomberg as an industry thought leader. Matt brings with him extensive industry contacts, investor relationships and nearly 15 years of shale-focused technical experience ranging from accounting to reservoir valuations and SEC reporting.
"This is a pivotal moment for the energy industry – and a time in which technology pioneers will make a profound difference and transform the way business is done. Flotek is uniquely positioned to lead this fundamental change, and I am looking forward to help drive an exciting future for the company's shareholders," said Marietta.
Matt began his career in the Barnett Shale in 2005 as an independent land prospector during the beginning of the shale revolution. He subsequently joined XTO Energy during its rapid acquisition phase and assisted in the integration of acquired properties across North America into the enterprise. Prior to Stephens, Matt helped develop Exterran's compression business after the merger of Hanover and Universal Compression while the industry focus shifted to oil and wet gas plays, as well as develop predictive models for shale production trends and future growth opportunities.
About Flotek Industries, Inc.
Flotek is a developer and distributor of prescriptive chemistry-based technology, including specialty chemicals, to clients in the energy, consumer industrials and food & beverage industries. Flotek's inspired chemists draw from the power of solvents and oils of oranges to deliver solutions that enhance energy production, cleaning products, foods & beverages and fragrances. In the oil and gas sector, Flotek serves large and independent energy producers and oilfield service companies, both domestic and international. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit Flotek's web site at www.flotekind.com.
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SOURCE Flotek Industries, Inc.