Flotek Industries ( NYSE: FTK ) said Thursday Chairman, President and CEO John Gibson Jr. is leaving the company to pursue other opportunities, to be replaced by board member Harsha Agadi effective immediately.
In addition, COO Ryan Ezell is promoted to President, and Independent Lead Director David Nierenberg is appointed as the new Chairman.
Agadi has served as CEO of six companies during the past 25 years, most recently at publicly traded insurance claims company Crawford & Co.
In November, Flotek ( FTK ) reported a Q3 GAAP loss of $0.25/share on revenues of $45M .
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Flotek Chairman, President and CEO Gibson steps down