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CLB

Core Laboratories

$35.69 /

-0.34 (-0.94%)

17:41
01/29/20
01/29
17:41
01/29/20
17:41

Core Laboratories chairman and CEO David Demshur announces plans to retire

David Demshur, after more than 25 years as Core Lab's Chairman and Chief Executive Officer,announced his plans to retire effective 31 December. Mr. Demshur will transition from the roles of Chairman and CEO on 20 May 2020, coinciding with Core Lab's Annual Shareholders' Meeting. Mr. Demshur will not seek re-nomination to the Company's Supervisory Board of Directors in 2020. Mr. Demshur's retirement, at the age of 65, follows more than 40 years of dedicated leadership and innovation at Core Lab. He led the management buyout of Core Lab in 1994 and its IPO in 1995. Since the IPO, and under Mr. Demshur's leadership, Core Lab's total shareholder return has consistently outperformed the other members of the Philadelphia Oil Service Sector Index in the aggregate. This superior performance was driven by the execution of the Company's long-standing growth strategies and disciplined adherence to the Company's three financial tenets. Also, during Mr. Demshur's leadership, Core Lab significantly expanded its portfolio of services and products and global business, now operating in more than 50 countries. Lawrence Bruno to be appointed Chairman and Chief Executive Officer in addition to serving in his current roles as President and Chief Operating Officer

  • 30

    Jan

  • 23

    Mar

CLB Core Laboratories
$35.69 /

-0.34 (-0.94%)

01/13/20 Bernstein
Core Laboratories initiated with a Market Perform at Bernstein
01/02/20 Stifel
Core Laboratories downgraded to Hold from Buy at Stifel
12/31/19 Cowen
Core Laboratories price target lowered to $39 from $42 at Cowen
12/31/19 JPMorgan
Core Laboratories price target lowered to $47 from $50 at JPMorgan

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