Oil States' board elects new chairman
Oil States International, Inc. (NYSE:OIS) announced today that its Board of Directors elected Mark G. Papa as Chairman of the Board, following the resignation of Stephen A. Wells as Chairman. Mr. Papa has served as a Director of Oil States since going public in February 2001. Mr. Wells has served as a Director of Oil States since April 1996 and as Chairman since May 2006. Mr. Wells will continue to serve as a Director and as a member of the Board's Nominating & Corporate Governance Committee, subject to re-election at the May 2016 Annual Shareholders' Meeting.
'I want to thank Steve for his strategic guidance, leadership and dedicated efforts to Oil States throughout his tenure as Chairman. I am pleased that Steve plans to remain on the Board for another term. Additionally, I'd like to welcome Mark to his new role as Chairman and look forward to his leadership. Mark's extensive energy industry experience will continue to provide significant benefits to Oil States as we focus on the long-term growth and success of our Company,' said Cindy B. Taylor, Oil States' President and Chief Executive Officer.
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