Drilling Tools International Corp. Welcomes New Board Member
Appointment Adds Experienced Capital Markets Leader to DTI's Board
Drilling Tools International Corp. (NASDAQ: DTI) has recently announced an exciting new addition to its Board of Directors. Ira H. Green, Jr. has officially joined the board, bringing over three decades of experience in the energy capital markets sector. This strategic appointment is effective immediately, positioning DTI for stronger market presence and oversight.
In his previous role as Managing Director and Head of Energy, Power & Infrastructure Capital Markets at Piper Sandler Co., Mr. Green directed equity and debt capital markets initiatives specifically within the energy sector. His vast experience encompasses oilfield services and equipment companies, providing his expertise a solid foundation within the industry.
Mr. Green's impressive career spans several reputable firms, holding senior investment banking positions at Simmons & Company International and Merrill Lynch, and roles at The First Boston Corporation and Morgan Stanley. Notably, he served as President and Chief Financial Officer of SalvageSale, Inc., in addition to occupying a seat on its Board of Directors. His academic qualifications include a Bachelor of Business Administration in Finance from The University of Texas at Austin, graduating with the highest honors, along with an MBA with distinction from the University of Virginia Darden School of Business, where he actively participates on the Board of Trustees of the Darden School Foundation.
Wayne Prejean, who is the Interim Chair of the Board, President, and CEO of Drilling Tools, expressed enthusiasm about Mr. Green joining the board at such a pivotal time for the company. He remarked, "Ira's insights into capital allocation and strategic mergers and acquisitions will be crucial in steering our growth and optimizing our approach to the public markets. His extensive relationship with energy capital markets also perfectly complements the current skill set of our board."
In response to his appointment, Mr. Green shared, "I am honored to join the DTI Board of Directors and eager to collaborate with Wayne and my fellow directors to advance the Company’s growth strategy. DTI has earned an excellent reputation within the industry and is actively pursuing substantial growth through both operational excellence and strategic acquisitions. I am thrilled to apply my capital markets expertise to bolster the Company's long-term value creation goals.”
The inclusion of Mr. Green marks a significant milestone in DTI's ongoing board refreshment and succession planning process initiated in the prior year. This thoughtful strategy aims to align the skills and experiences of its directors with the targeted long-term objectives and growth strategy of the company. As part of their consistent efforts in governance, the Board will continue to evaluate director succession and committee compositions leading up to the coming Annual Meeting of Stockholders.
About Drilling Tools International Corp.
Headquartered in Houston, Texas, Drilling Tools International Corp. is recognized as a leading provider of oilfield services that focus on the manufacture and rental of downhole drilling tools essential for horizontal and directional drilling in oil and natural gas wells. Since its inception in 1984, DTI operates from 15 service and support centers across North America, complemented by 11 additional international service centers situated throughout the EMEA and APAC regions.
Contact Information
For inquiries, please reach out to DTI Investor Relations:
Ken Dennard / Rick Black
Frequently Asked Questions
Who is Ira H. Green, Jr.?
Ira H. Green, Jr. is a seasoned professional with over 30 years of experience in energy capital markets, recently appointed to the Board of Directors of Drilling Tools International Corp.
What role will Ira Green play on the board?
Mr. Green will provide valuable insights on capital allocation, strategic M&A, and guidance on the company's public market positioning.
What is Drilling Tools International known for?
DTI specializes in manufacturing and renting downhole drilling tools, supporting the oil and gas industry with its products and services.
Where does DTI operate?
DTI has service and support centers throughout North America as well as in international locations across the EMEA and APAC regions.
Why is board refreshment important?
Board refreshment is crucial for ensuring that the collective skill sets of the board align with the company’s long-term goals and can adapt to changing market dynamics.
