Integra appoints new CEO
MOSCOW. March 6 (Interfax) - Russian oilfield services provider Integra has appointed a new CEO.
"Following the successful reorganization of its diversified oilfield services business, Mr. Antonio Campo will step down and be replaced as Chief Executive Officer by Mr. Felix Lubashevsky," the company said in a statement
During nearly three years of service as CEO, Campo led the restructuring of Integra's business units, introduced new capability and experience to the executive management team, and improved processes and systems, Integra said. He will pursue other interests outside of Integra while remaining a non-executive Director on Integra's Board in order to support the delivery of ongoing strategic initiatives.
Campo leaves the position of CEO having accomplished the key objectives established by Integra's Board at the time of his hiring. In particular, the separation of Integra's seismic business from its ongoing oilfield services has brought enhanced focus and opportunities for increased operational efficiency.
Lubashevsky will take over the leadership of Integra's executive management team, effective immediately. He will combine the organizational capability built by Mr. Campo with a renewed focus on developing customer relationships, top-line revenue growth, margin expansion and aggressive management of working capital.
Robert Whalley, who joined Integra in mid-2011 from Schlumberger, will be promoted to Chief Operating Officer and will continue to focus on day-to-day operational excellence within Integra's Drilling/Workover/IPM and Technology Services divisions. Mr. Whalley brings over 30 years of operational leadership experience, of which the last 7 have been in Russia.
"Changes announced today at Integra will not affect the management of IGSS, Integra's seismic services joint venture," the company said.
Integra Group is a diversified oilfield services provider and is also a manufacturer of specialized equipment used in the exploration, development and production of oil and gas. Integra operates in all major oil and gas producing regions in Russia and in many other CIS countries, where its customer base includes major domestic and international oil and gas companies. Since establishment in 2004, Integra Group has, through 18 strategic acquisitions, become one of the leading companies in the oilfield services and equipment manufacturing sectors of the Russian and CIS market. Integra Group owns a 36% stake in IGSS - a land seismic operator, with a leading position in the Russian and CIS markets.
