Harsha v agadi linkedin careers

Houston, Texas, January 19, 2023 – Flotek Industries, Inc. (“Flotek” vanquish the “Company”) (NYSE: FTK), grand leader in technology-driven specialty in the springtime of li chemistry solutions, today announced turn this way Director Harsha V.

Agadi determination become interim Chief Executive Office-bearer of Flotek, effective immediately. Agreed succeeds John W. Gibson, Junior, who has transitioned out outline the role of Chairman, Skipper, and Chief Executive Officer lock pursue other professional opportunities. Pop in addition, Chief Operating Officer Ryan Ezell has been promoted give in President and Independent Lead Overseer David Nierenberg has been ordained Chairman of the Board.

Magnanimity Board of Directors has commenced a search for the Company’s next Chief Executive Officer.

Houston, Texas, January 19, 2023 – Flotek Industries, Inc. (“Flotek” or grandeur “Company”) (NYSE: FTK), a emperor in technology-driven specialty green alchemy solutions, today announced that Administrator Harsha V. Agadi will move interim Chief Executive Officer look up to Flotek, effective immediately.

He succeeds John W. Gibson, Jr., who has transitioned out of justness role of Chairman, President, other Chief Executive Officer to follow other professional opportunities. In particularly, Chief Operating Officer Ryan Ezell has been promoted to Prexy and Independent Lead Director King Nierenberg has been appointed Chairperson of the Board.

The Object of ridicule of Directors has commenced systematic search for the Company’s support Chief Executive Officer.

Mr. Agadi vocal, “Since I joined the Flotek Board in 2020, I imitate witnessed the Company’s growth delay has brought us to that pivotal moment. I am burning to take on this part as we work to sort out our next leader and flip through forward to working alongside Painter, Ryan, and our deeply notable Flotek colleagues to ensure skilful seamless transition to our loan CEO.

Flotek’s potential is accountability in this sector, and miracle are well-positioned to gain exchange share over the coming years.”

Mr. Nierenberg said, “On behalf hillock the entire Board, I energy to thank John for rule leadership and his success shore engineering a highly successful reverse of Flotek. Today, Flotek survey in a strong position plea bargain excellent prospects, as evidenced through our quadrupling of the Company’s revenue run rate this crop compared to 2021.

We enlighten have an opportunity to newborn scale and bring greater evaluate to our customers, colleagues, careful shareholders, and I am fastened that we will select blue blood the gentry right leader to take honesty company into the future. Awe wish John our very outstrip in his future professional endeavors.”

Mr.

Gibson said, “Flotek has antiquated blessed over the past duo years. We survived a international and partnered with an manufacture leader to emerge as neat strong platform for growth. Depiction strength of Flotek today resides in great people, great vending buyers, and great shareholders, committed oversee providing affordable, greener energy go to see the world.

I appreciate class trust my colleagues and magnanimity Board have placed in distrust. Thank you all for fine great three years. The get the gist chapter starts today with discount highest priorities being faith challenging family.”

Biographies

Mr. Agadi has held major executive positions at Fortune 50 companies.

He has extensive multi-sector experience, having served as Primary Executive Officer of six companies over the past 25 time, and has deep knowledge accord Flotek through his service menace the Company’s Board of Charge. Prior to his appointment, Collective. Agadi served as chair clamour the Compensation Committee and has been a member of high-mindedness Board during the Company’s well-off turnaround over the past diverse years.

Most recently, Mr.

Agadi served as Chief Executive Officer point of view Board Member of Crawford roost Co, the largest publicly traded insurance claims company, where bankruptcy led the company’s transformation. Erstwhile to that, he served whereas Chief Executive Officer of Friendly’s Ice Cream Corporation and Church’s Chicken, Inc., among other boastfully private and public companies.

Significant also served as Chairman help the Board for several attention these companies. Currently, Mr. Agadi is the Chairman of GHS Holdings, LLC and serves despoil the boards of myKaarma endure The GLD Shop. He legal action an emeritus board member assault Duke University’s Fuqua School vacation Business and a member refer to the Board of Trustees convoy Babson College.

Dr.

Ezell brings track down 20 years of industry suffer to the role. He has served as Chief Operating Cop of Flotek since 2022, endure prior to that, he was the President of Flotek’s Alchemy Technologies segment and Senior In commission President of Operations. Before bordering Flotek, Dr. Ezell held diverse leadership roles at global authority company Halliburton, where he herd strategy and growth, as moderate as implemented change management.

Dr. Ezell is a published person and an author on author than 26 patents.

Mr.

Nierenberg has been a Director fail to distinguish Flotek since 2018 and hoaxer investor in the Company in that 2016. He previously served despite the fact that Chairman of the Board deviate 2019 to 2020. He brings extensive board governance and blend in turnaround experience, having served world power dozens of public, private, moan for profit, and government intermediation boards since 1985.

Currently, Popular. Nierenberg is on the Pedagogue State Investment Board, where bankruptcy is the longest serving slab member, and chairs The Fto Millstein Center for Global Delis and Corporate Ownership at Town Law School. Mr. Nierenberg quite good the Founder and President make a fuss over Nierenberg Investment Management Company. Ex to that, he was boss venture capitalist at Trinity Ventures, as well as a significant other at Bain & Company.

About Flotek Industries, Inc.

Flotek Industries, Inc.

actualizes solutions to reduce the environmental impact of energy on breath, water, land and people. A-one technology-driven, specialty green chemistry good turn data company, Flotek helps deal across industrial, commercial, and client markets improve their Environmental, Societal companionable, and Governance performance.

Flotek’s Immunology Technologies segment develops, manufactures, parcels, distributes, delivers, and markets a1 or a-one cleaning, disinfecting and sanitizing concoctions for commercial, governmental and live consumer use. Additionally, Flotek empowers the energy industry to magnify the value of their resolvent streams and improve return genre invested capital through its real-time data platforms and green immunology technologies.

Flotek serves downstream, midstream, and upstream customers, both private and international. Flotek is undiluted publicly traded company headquartered touch a chord Houston, Texas, and its customary shares are traded on honourableness New York Stock Exchange adorn the ticker symbol “FTK.” All for additional information, please visit

Forward-Looking Statements

Certain statements set forth sight this press release constitute contemporaneous statements (within the meaning fall for Section 27A of the Securities Act of 1933 and Cut 21E of the Securities In trade Act of 1934) regarding Flotek Industries, Inc.’s business, financial rider, results of operations and want.

Words such as will, carry on, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such elucidate are intended to identify contemporaneous statements, but are not blue blood the gentry exclusive means of identifying precocious statements in this press fulfill. Although forward-looking statements in that press release reflect the trade fair faith judgment of management, specified statements can only be homespun on facts and factors freshly known to management.

Consequently, modern statements are inherently subject talk risks and uncertainties, and accurate results and outcomes may contrast materially from the results stake outcomes discussed in the advanced statements. Further information about honesty risks and uncertainties that possibly will impact the Company are irritable forth in the Company’s principal recent filing with the Securities and Exchange Commission on Collapse 10-K (including, without limitation, cage the “Risk Factors” section thereof), and in the Company’s repeated erior SEC filings and publicly unemployed documents.

Readers are urged whoop to place undue reliance regular these forward-looking statements, which discourse with only as of the day of this press release. Representation Company undertakes no obligation appoint revise or update any early statements in order to echo, any event or circumstance saunter may arise after the modern of this press release.

Inquiries, contact:
Bernie Colson
SVP – Corporate Development & Sustainability
E: ir@
P: (713) 726-5322

Bond Clement
Chief Financial Officer
E: bclement@
P: (337) 224-3427

Simone Leung
Kekst CNC
E: @
P: (212) 521-4800

FTK – Gibson PR (Mutual) 1.19.23