John Carrig - Forum Energy Non-Executive Independent Director

FET Stock  USD 15.16  0.09  0.59%   

Director

Mr. John A. Carrig is Independent Director of Forum Energy Technologies, Inc. He retired from ConocoPhillips on March 1, 2011, having most recently served as President and Chief Operating Officer since 2008, where he was responsible for global Exploration and Production, Refining and Marketing, Commercial, Project Development and Procurement and the Health, Safety and Environment functions. Mr. Carrig served as Executive Vice President, Finance, and Chief Financial Officer from 2002 to 2008. Prior to the merger with Conoco Inc. in 2002, Mr. Carrig was with Phillips Petroleum Company, where he was named Senior Vice President and Chief Financial Officer in 2001. In 2000, he joined Phillips management committee as Senior Vice President and Treasurer. From 1996 to 2000, he was Vice President and Treasurer. Mr. Carrig served as Treasurer in 1995 and Assistant Treasurer in 1994. He joined Phillips in 1978 as a tax attorney. He was a private investor and engaged in charitable endeavors since his retirement from ConocoPhillips. Mr. Carrig serves on the board of directors of Skanska AB, a construction and development company, and WPX Energy, Inc., an oil, natural gas and natural gas liquids producer. since 2017.
Age 69
Tenure 7 years
Address 10344 Sam Houston Park Drive, Houston, TX, United States, 77064
Phone713 351 7900
Webhttps://www.f-e-t.com
Carrig serves on the board of directors of Skanska AB, a construction and development company; TRC Companies Inc., an engineering, consulting, and construction management company; and WPX Energy, Inc., an oil, natural gas and natural gas liquids producer. The board of directors is nominating Mr. Carrig because of the length and breadth of his experience in the oil and gas industry, the perspective he brings as a result of his long service as an executive of a major public company with global reach and his strategic, financial and management acumen. In addition, Mr. Carrig brings valuable insight as a result of his long history as a customer for oilfield equipment and services.

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

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Thematic Opportunities

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