HOUSTON, March 20, 2018 /PRNewswire/ -- C&J
Energy Services, Inc. ("C&J" or the "Company") (NYSE: CJ) today
announced that Mark Cashiola,
C&J's Chief Financial Officer ("CFO"), has resigned effective
immediately to pursue other opportunities.
C&J has retained a leading executive placement firm to
assist in recruiting a new CFO. Mike Galvan, currently
C&J's Senior Vice President and Chief Accounting Officer, will
assume the additional role of CFO on an interim basis until a
replacement is appointed. Mr. Galvan joined our Company in
2014 as part of the financial leadership team working with the
CFO. He has approximately 25 years of accounting and
financial experience and, among other duties, is currently
responsible for the Company's accounting and financial reporting
processes. There are no issues involving the Company's
financial statements, internal controls or financial reporting
procedures that led to Mr. Cashiola's departure.
"On behalf of the Company's Board and our C&J family, I
thank Mark for his contributions as our Chief Financial Officer
over the last nearly two years, and for his service since joining
us in 2011. He has fulfilled a valuable role, stepping up
into the CFO position to help guide our Company through a
successful financial restructuring," said Don Gawick, President and
Chief Executive Officer and member of C&J's Board of Directors,
"We wish him the very best in his future endeavors."
Mr. Gawick continued, "Mark played a significant role in
assisting us through the period following restructuring and helping
position us for growth, continued financial improvement and
increased shareholder value. We look forward to updating all
of our stakeholders about our plans in the coming weeks."
About C&J Energy Services
C&J Energy Services is a leading provider of well
construction and intervention, well completion, well support and
other complementary oilfield services to oil and gas exploration
and production companies throughout the United States. We
offer a comprehensive, vertically-integrated suite of services and
technology throughout the life cycle of the well, including
fracturing, cased-hole wireline and pumping, cementing, coiled
tubing, rig services, fluids management, and other specialty
support services. We are headquartered in Houston, Texas and operate in all active
onshore basins of the continental United States. For
additional information about C&J, please visit
www.cjenergy.com.
C&J Energy Services Investor Contact
Daniel E. Jenkins
Vice President – Investor Relations
investors@cjenergy.com
1-713-260-9986
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SOURCE C&J Energy Services, Inc.
