Natural Gas Services Group, Inc. Announces Justin Jacobs as Chief Executive Officer
01 2월 2024 - 9:00PM
Natural Gas Services Group, Inc. (NYSE: NGS), a
leading provider of gas compression equipment, technology, and
services to the energy industry, announced today the appointment of
Justin Jacobs as Chief Executive Officer of NGS, effective February
12, 2024.
The appointment concludes an extensive and
thorough search process undertaken by the Board of Directors over
the past year. Stephen Taylor, who serves as Interim Chief
Executive Officer, will remain Chairman of Board of NGS and will
provide transition services for 6 months as per his retirement
agreement.
“We are delighted to have Justin take an
executive role at this important point in NGS’s history,” Mr.
Taylor said. “In working with him for several years as an engaged
shareholder in the company and then working very closely with him
in his time as a director, I’m confident his expertise will help
drive the continued upward trajectory of our performance. As one of
the company’s largest shareholders, I am excited about the future
of NGS.”
“NGS is a great company that has grown
significantly over the past year with a huge opportunity ahead,
particularly considering the company’s strong competitive position
and industry tailwinds,” noted Mr. Jacobs. “Throughout my career, I
have worked with companies as an investor, operator, and director
to drive returns for shareholders. I look forward to working
closely with Steve during his transition, NGS’s President and COO,
Brian Tucker, and the outstanding operating team at the company. I
believe the future for NGS is bright.”
Mr. Jacobs joins NGS from Mill Road Capital, an
investment firm focused on investing in, and partnering with, small
publicly traded companies in the U.S. and Canada. He was a Managing
Director at Mill Road, a member of the management committee, and
responsible for overseeing and managing the Firm’s governance
investments. Mr. Jacobs joined the firm in 2005, prior to the
formation of the first fund. He previously worked at LiveWire
Capital, an investment and management group focused on
operationally intensive buyouts. In addition to leading and
executing investment opportunities, Mr. Jacobs held operational
positions in numerous portfolio companies, including interim Chief
Operating Officer. Prior to LiveWire, Mr. Jacobs was an investment
professional in the private equity group at Blackstone, where he
worked on transactions in a range of industries including oil
refining. In addition to sitting on the Board of NGS, Mr. Jacobs is
or has been a director for five public companies as well as
numerous private for profit and not for profit boards.
About Natural Gas Services Group, Inc.
(NGS)
NGS is a leading provider of gas compression
equipment, technology, and services to the energy industry. The
Company manufactures, fabricates, rents, sells, and maintains
natural gas compressors for oil and natural gas production and
plant facilities. NGS is headquartered in Midland, Texas, with
fabrication facilities located in Tulsa, Oklahoma, and Midland,
Texas, and service facilities located in major oil and natural gas
producing basins in the U.S. Additional information can be found at
www.ngsgi.com.
Cautionary StatementsThis news
release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements that do not relate strictly to historical or current
facts, including those relating to expectations regarding the
Company's CEO hiring, are forward-looking and are subject to known
and unknown risks and uncertainties that may cause actual results
to differ materially from those expressed in such forward-looking
statements. Any forward-looking statement speaks only as of the
date on which such statement is made, and the Company does not
intend to correct or update any forward-looking statement, whether
as a result of new information, future events or otherwise, except
as required by law.
For Additional Information:
Anna Delgado-Investor Relations(432)
262-2700ir@ngsgi.comwww.ngsgi.com
Natural Gas Services (NYSE:NGS)
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부터 4월(4) 2024 으로 5월(5) 2024
Natural Gas Services (NYSE:NGS)
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부터 5월(5) 2023 으로 5월(5) 2024