Group 42 Announces Alan Schoenbaum as Newest Board Member

Alan Schoenbaum

Group 42, Inc. today announced the appointment of Alan Schoenbaum as a member of its board of directors. Schoenbaum is an attorney and executive who specializes in technology, corporate governance, corporate and securities, mergers and acquisitions, and government affairs.

“Alan’s more than 30 years of broad legal and business experience across numerous complex and critical industries bring invaluable perspective to the board,” said Paul A. Bell, CEO of Group 42. “I look forward to working with him and expect Group 42 to benefit from his unique insight and counsel.”

“With Schoenbaum’s expertise and track record in business and technology, he will be a tremendous asset to the board,” added Michael Keane, Chairman of the Board.

“I am honored to join the Group 42 board of directors,” said Schoenbaum. “This is an exciting time for Group 42, and I believe it is poised to become a significant global player in technology-driven energy services in the coming years.”

Schoenbaum is currently the lead independent director for CST Brands, Inc., one of the largest independent retailers of motor fuels and convenience merchandise and services in North America, with revenues in 2013 of more than $12.8 billion.

From 2005 until February 2014 when he retired, Schoenbaum was Senior Vice President and General Counsel of Rackspace Hosting, Inc., a publicly traded cloud computing company recognized as a global leader in hybrid cloud-based software and hosted solutions. He was also a member of the senior executive leadership team for Rackspace, including during its hyper-growth and evolution from a private company to a large publicly traded international enterprise with customers in more than 120 countries.

Prior to joining Rackspace, he was a partner at Akin Gump Strauss Hauer & Feld LLP, a globally recognized law firm, where he had more than 20 years of experience in corporate and securities law and mergers and acquisitions. There, Schoenbaum represented public and private growth companies in numerous and diverse industries, including venture capital funds and their portfolio companies, international financial transactions, energy and energy services businesses, and restaurant and multi-unit enterprises.

About Group 42:
Group 42, Inc. is a San Antonio-based holding company for global energy services leaders:
Well Flow International and Flo Trend Systems. Well Flow provides proprietary down hole wellbore clean up and stimulation solutions to customers worldwide. Flo Trend designs and markets liquid/solid separation equipment and services to energy and municipal customers throughout North America.

Media Contact:
Nicolette Good