Well Flow International Names Heith Higginbotham Vice President of Finance and Chief Accounting Officer

 Heith Higginbotham

Heith Higginbotham

Well Flow International, a Group 42 subsidiary, has appointed Heith Higginbotham as Vice President of Finance and Chief Accounting Officer. In this role, Higginbotham is responsible for all accounting and finance functions at Well Flow as well as for reporting of financial information, developing the annual budget, coordinating and overseeing the annual independent audit, and establishing development paths for department personnel. 

Well Flow is one of the world's largest independent providers of wellbore cleanup chemicals and associated downhole tools. Headquartered in Bahrain with operations in the Middle East, Asia, Arabian Gulf, North Sea, North America and West Africa, it delivers specialized, technology-driven chemical and tool solutions to oil and gas industry leaders worldwide.

Higginbotham was named Director of Corporate Accounting and Corporate Controller at Group 42 in June 2014, a position in which he still serves. 

Prior to joining Group 42, he served as Senior Accounting Manager at United Allergy Services where he oversaw the accounting department during the company’s growth from startup to the largest allergy testing and immunotherapy business in the U.S. At United Allergy Services, he oversaw all accounts receivable, accounts payable, payroll and system development operations. He also assisted in the development of the annual budget and strategic plan, and he served as the lead for the annual independent audit.

Previously, Higginbotham spent six years with DPT Laboratories, a nationally recognized contract pharmaceuticals manufacturing company, first as a Staff Accountant and later as a project manager. His responsibilities included research and development of new pharmaceutical products as well as budgetary and customer management.

Heith Higginbotham holds a degree in Business with a focus in Finance and Accounting from Texas Lutheran University.

Group 42 Announces New Personnel Assignments

During Q3 and Q4, Group 42 and its subsidiaries made several new hires and assignments in key business areas

  Joe Ward

Joe Ward
Vice President of Finance and Chief Accounting Officer 

Joe Ward is responsible for overseeing all aspects of the organization’s accounting functions. He ensures compliance with federal, state, and corporate policies, evaluates and advises on the company’s accounting practices, and coordinates the implementation and upgrade of all the companies’ financial systems and controls. Ward is also responsible for working with internal and external auditors during financial and operational audits. 

He leads and coordinates all financial planning, debt financing, and budget management functions for the company to ensure its accounting procedures and reporting conform to generally accepted accounting principles.

Eric M. Bell

Eric M. Bell
Vice President of Corporate Development

Eric M. Bell oversees corporate development, marketing and communications, research and data analytics, and diligence at Group 42. He is also responsible for leading Group 42’s subsidiaries through product redesign, branding, product positioning and special initiatives aimed at developing new markets and business opportunities. He has provided contractual diligence, data and financial analysis and budgeting assistance for Group 42 since 2012. 

Bell is also a Principal at Rubicon Capital, LLC, a family investment office. Since 2007, he has assisted at Rubicon on decisions and oversight on its investments in technology, private equity and venture funds, energy, health care products and services, and other alternative assets.

Nicolette Good

Nicolette Good
Director of Corporate Communications and Marketing

As Director of Corporate Communications and Marketing, Nicolette Good is responsible for Group 42’s corporate branding and identity, corporate communications and positioning, and integrated marketing initiatives for each of the company’s subsidiaries. She also oversees Group 42’s social media and community relations efforts.

 

WELL FLOW INTERNATIONAL

Ewan McCulloch

Ewan McCulloch
General Manager, Well Flow International, WLL

Ewan McCulloch is responsible for overall management and day-to-day operations of Well Flow's headquarters in Bahrain. He manages financial operations of the region, production projects, human resources, and business process improvement initiatives. He joined Well Flow as Corporate Manager in 2006 before being named General Manager.

 

FLO TREND SYSTEMS

Martin Kroesche

Martin Kroesche
Vice President and Chief Operating Officer, Flo Trend Systems, Inc.

As Chief Operating Officer, Martin Kroesche manages and oversees all sales, fabrication, research and development, accounting, representative relationships and general day-to-day operations for Flo Trend. He provides financial analysis relating to operational performance and growth opportunities, as well as sets operational strategies for the company.

Group 42 Elects Penny McDermid, Partner at Kew Capital, to Board of Directors

Penny McDermid

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.

Media Contact:
Nicolette Good
210-867-3334

 

Group 42, Inc. Names Robert Salmon Country Manager of Kingdom of Saudi Arabia for Well Flow International

Robert Salmon

Group 42, Inc. today named Robert Salmon as Country Manager of the Kingdom of Saudi Arabia for Well Flow International, a Group 42 subsidiary. His areas of expertise include oilfield engineering services, strategic business development, consultative sales, negotiations, customer relations, management, operations and troubleshooting, contract administration and multicultural team building.

Salmon was most recently Company Manager for Orlean Invest West Africa, Ltd. — the administrant of Nigeria’s largest oil and gas ports on behalf of and in cooperation with the Nigerian Ports Authority — where he supported business development, sales and marketing for the region.

“Robert’s extensive experience in oilfield engineering services and strategic business development will significantly benefit Well Flow’s large Saudi business operations and infuse them with additional technology-enabled energy services,” said Paul A. Bell, CEO of Group 42, Inc.

“Robert has a proven track record in highly successful business development and in managing operations in challenging geographical regions,” said Paul Bradley, Managing Director of Well Flow International for the Eastern Hemisphere, Arabian Gulf and Africa. “Well Flow stands to benefit tremendously from his unparalleled experience.”

Prior to joining Orlean Invest West Africa, Salmon served in numerous business development and country management roles with Halliburton for more than 30 years in areas including Kenya, Uganda, Trinidad, Suriname, Venezuela, Indonesia and Egypt, among others.

Salmon’s accomplishments include turning under-performing companies into multimillion-dollar operations in short timeframes, as well as helping companies enter into new and challenging markets.

Before joining Halliburton, Salmon worked for Gearhart International as a wireline logging field engineer in the United Kingdom, Egypt, Brazil, United Arab Emirates and Turkey until Gearhart was purchased by Halliburton in 1988.

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.

About Well Flow International:
Well Flow International is a leading specialist independent energy services company that provides an integrated, worldwide network of services and products to the oil and gas industry. Founded more than 25 years ago, Well Flow pioneered the cased hole cleanup industry. Well Flow now provides a full range of industry-leading wellbore clean up and specialty stimulation chemicals, as well as associated down hole tools. Well Flow also offers products and services for use in production enhancement and liquids/solids separation management. For more information, go to
www.well-flow.com.

Media Contact:
Nicolette Good
210-867-3334