SAN ANTONIO, Oct. 24, 2014 — Group 42, Inc. announced the addition of Penny McDermid to its board of directors. Penny McDermid is a Partner at Kew Capital, a London-based investment and management adviser responsible for originating and advising on private equity, listed securities and structured debt investments.
“I am very pleased that the board has chosen Penny McDermid as a director,” said Paul A. Bell, CEO of Group 42, Inc. “She brings tremendous knowledge, expertise and leadership derived from years of experience in international finance and energy-related businesses.”
“As a partner in a private international finance group and former executive in the energy industry, Penny understands the opportunities available to Group 42 and its subsidiaries,” added Chairman Michael Keane.
“I am honored to be appointed to the board of Group 42 at this exciting time in its development," said McDermid. "I look forward to working with management and the board to continue to grow the business, especially with respect to technology-driven energy services.”
Prior to joining Kew Capital in 2008, McDermid was a Vice President at Credit Suisse in its fixed income structuring group for Central and Eastern Europe, the Middle East and Africa. In this role, she was responsible for structuring bespoke financing solutions for client companies operating in those regions.
Prior to joining Credit Suisse in 2006, McDermid worked in the business development group at Keyera, one of the largest independent natural gas and natural gas liquids midstream businesses in Western Canada. She has also held positions including Associate on the Emerging Markets Local Currency trading desk at Merrill Lynch in London, and Project Manager for Enerflex Systems in Calgary.
Penny McDermid holds a degree in Chemical Engineering from Queen’s University in Kingston, Ontario, and an MBA from IESE Business School in Barcelona, Spain.
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. For more information about Group 42, go to www.group-42.com.