Thread regarding Newpark Resources Inc. layoffs

GP

Please explain to me how GP is still employed by Newpark.

GP has been CFO since 2011.

Since that time, he has literally approved some of the worst financial decisions of Newpark.

Specifically...

  1. ..$33M+ acquisition of Katy Technology Center
  2. ...$30M+ expansion of Port Fourchon
  3. ..$20M+++ Conroe Blending facility
  4. ..$77M acquisition of Well Services
  5. ..$14M acquisition of Lentzcaping

In this time, this guy now owns over 640k shares of Newpark stock.

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| 851 views | | 5 replies (last February 15, 2024) | Reply
Post ID: @OP+1qXvWbHM

5 replies (most recent on top)

Amazed every day that GP is still with Newpark! Shows you what kind of leadership we have.

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Post ID: @8snk+1qXvWbHM

Since 2015, the executive mgmt team and Board have done a PATHETIC job of making decisions/leading the company. They allowed Vollands to completely decimate and destroy what was previously a profitable, reputable drilling fluids company, under Howes and the Boards watch. Piontek wouldn’t know mud if I poured it in his lap, but neither would anyone in the Woodlands. They all rode a good horse completely into the ground, now you see the results! A long time ago a wise man said, no one in Houston has half a brain! Brash statement but nothing but the truth! You reap what you sow…..

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Post ID: @uch+1qXvWbHM

Is it true GP is also running the sale of Fluids? God help us!

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Post ID: @ufg+1qXvWbHM

You forgot the $53M acquisition of Alliance in 2013!

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Post ID: @btu+1qXvWbHM

What about Rod Larson...been on the board since 2014 through these decisions as well.

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Post ID: @rkp+1qXvWbHM

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