Flotek Industries, Inc. announced that Director Harsha V. Agadi will become interim Chief Executive Officer of Flotek, effective immediately. He succeeds John W. Gibson, Jr., who has transitioned out of the role of Chairman, President, and Chief Executive Officer to pursue other professional opportunities. Mr. Agadi has held senior executive positions at Fortune 50 companies.

He has extensive multi-sector experience, having served as Chief Executive Officer of six companies over the past 25 years, and has deep knowledge of Flotek through his service on the Company's Board of Directors. Prior to his appointment, Mr. Agadi, age 60, served as chair of the Compensation Committee and has been a member of the Board during the Company's successful turnaround over the past several years. Most recently, Mr. Agadi served as Chief Executive Officer and Board Member of Crawford and Co, where he led the company's transformation.

Prior to that, he served as Chief Executive Officer of Friendly's Ice Cream Corporation and Church's Chicken, Inc. He also served as Chairman of the Board for several of these companies. Currently, Mr. Agadi is the Chairman of GHS Holdings, LLC and serves on the boards of myKaarma and The GLD Shop. He is an emeritus board member of Duke University's Fuqua School of Business and a member of the Board of Trustees for Babson College.

He is also Chairman of the SKSVMA College of Engineering and Agadi Sunrise Hospital Private Limited in India.