Flotek Industries, Inc. Announces Executive Changes
May 18, 2022 at 04:06 pm EDT
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Flotek Industries, Inc. announced that On May 17, 2022, Michael E. Borton, the Chief Financial Officer of the Company, departed the Company. The Company views Mr. Borton's departure as a termination without cause pursuant to Mr. Borton's employment agreement with the Company, and expects to pay the severance required thereunder after execution and delivery of a release agreement. Seham S. Carson, the Company's Corporate Controller, will serve as the Company's Interim Chief Financial Officer, principal financial officer and principal accounting officer effective May 17, 2022. Ms. Carson, age 40, joined the Company in April 2021 as Director of Internal Audit, and served as Sr. Director of Internal Audit from March 2022 to May 2022. Prior to joining the Company, Ms. Carson was the Senior Manager of Internal Controls of Mitsubishi Logisnext Americas, and its predecessor entity Pon North America, from November 2015 to April 2021.
Flotek Industries, Inc. announced that On May 17, 2022, Michael E. Borton, the Chief Financial Officer of the Company, departed the Company. The Company views Mr. Borton's departure as a termination without cause pursuant to Mr. Borton's employment agreement with the Company, and expects to pay the severance required thereunder after execution and delivery of a release agreement. Seham S. Carson, the Company's Corporate Controller, will serve as the Company's Interim Chief Financial Officer, principal financial officer and principal accounting officer effective May 17, 2022. Ms. Carson, age 40, joined the Company in April 2021 as Director of Internal Audit, and served as Sr. Director of Internal Audit from March 2022 to May 2022.
Flotek Industries, Inc. is a technology-driven, specialty green chemistry and data company. The Companyâs segments include Chemistry Technologies and Data Analytics. The Companyâs Chemistry Technologies segment designs, develops, manufactures, packages and distributes green, specialty chemicals that help customers improve their return on invested capital, lower operational costs and realize tangible environmental benefits aimed at enhancing the profitability of hydrocarbon producers. The Companyâs Data Analytics segment provides analytics associated with their hydrocarbon streams in seconds rather than minutes or days. The real-time access to information prevents waste, reduces reprocessing and allows users to pursue automation of their hydrocarbon streams to increase their profitability. It helps customers across industrial and commercial markets improve their environmental performance. It serves specialty chemistry needs for both domestic and international energy markets.
FLOTEK INDUSTRIES, INC. 
