David Baldwin - Forum Energy Independent Director

FET Stock  USD 15.16  0.09  0.59%   

Director

Mr. David C. Baldwin is Independent Director of Forum Energy Technologies Inc. Mr. Baldwin was appointed as a director of Forum in May 2005 and currently serves as a member of the Governance Committee. Mr. Baldwin is CoPresident of LESA and was an officer of that company since 1991. Prior to joining LESA, Mr. Baldwin was a drilling and production engineer with Union Pacific Resources, an independent oil and natural gas exploration and production company since 2005.
Age 56
Tenure 19 years
Address 10344 Sam Houston Park Drive, Houston, TX, United States, 77064
Phone713 351 7900
Webhttps://www.f-e-t.com
Baldwin serves as a director of Select Energy Services, Inc., a public energy services company; Nine Energy Service, Inc., a public energy services company; Frontier Tubular Solutions, a private energy services company; ProDirectional, Inc., a private energy services company; and served as a director of Complete Production Services, Inc., a provider of specialized oil and gas completion and production services. The board of directors is nominating Mr. Baldwin because of his extensive experience in both identifying strategic growth trends in the energy industry and evaluating potential transactions and financial literacy. Further, his service as CoPresident of LESA provides a valuable perspective into its insights and assessment of our performance.

Forum Energy Management Efficiency

The company has Return on Asset of 0.0226 % which means that on every $100 spent on assets, it made $0.0226 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.113) %, meaning that it generated no profit with money invested by stockholders. Forum Energy's management efficiency ratios could be used to measure how well Forum Energy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to gain to 0.04 in 2024, whereas Return On Tangible Assets are likely to drop (0.03) in 2024. At this time, Forum Energy's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 350.7 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 158.9 M in 2024.
Forum Energy Technologies has 201.4 M in debt with debt to equity (D/E) ratio of 0.91, which is OK given its current industry classification. Forum Energy Technologies has a current ratio of 2.38, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Forum to invest in growth at high rates of return.

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Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas. Forum Energy operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1400 people. Forum Energy Technologies (FET) is traded on New York Stock Exchange in USA. It is located in 10344 Sam Houston Park Drive, Houston, TX, United States, 77064 and employs 1,600 people. Forum Energy is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

Forum Energy Technologies Leadership Team

Elected by the shareholders, the Forum Energy's board of directors comprises two types of representatives: Forum Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Forum. The board's role is to monitor Forum Energy's management team and ensure that shareholders' interests are well served. Forum Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Forum Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Evelyn Angelle, Non-Executive Independent Director
John Ivascu, Executive Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary
Steven Pounds, Senior Operations
David Williams, Executive CFO
Andrew Waite, Non-Executive Independent Director
Christopher Gaut, Chairman, CEO and Pres
Mark Brookes, Senior Operations
Neal Lux, Chief Operating Officer, Executive Vice President
Tylar Schmitt, VP Treasurer
Emily Reichert, Non-Executive Independent Director
Michael Danford, Chief Human Resource Officer, Executive Vice President
John JD, General VP
John Schmitz, Non-Executive Independent Director
C Gaut, Chairman of the Board, President, Chief Executive Officer
Michael McShane, Non-Executive Lead Independent Director
David Baldwin, Independent Director
Katherine Keller, Senior Officer
Rob Kukla, Director Relations
Louis Raspino, Non-Executive Independent Director
John Carrig, Non-Executive Independent Director
Pablo Mercado, Chief Financial Officer, Senior Vice President and Treasurer
D Williams, Chief Financial Officer, Executive Vice President
Paul Rowsey, Non-Executive Independent Director

Forum Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Forum Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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Additional Tools for Forum Stock Analysis

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