Smith International announces management changes

Wed. October 14, 2009; Posted: 09:37 AM

Oct 14, 2009 (Datamonitor via COMTEX) -- SII | Quote | Chart | News | PowerRating -- Smith International, a provider of products and services to the oil and gas industry, has appointed Mike Pearce, currently president of Smith Technologies, as executive vice president of strategy implementation, effective November 1, 2009.

In this newly created position, Mr Pearce will focus on the identification, selection and negotiation of potential acquisitions and joint ventures for Smith International outside of North America. Mr Pearce will report to CEO, president and COO John Yearwood and remain based in Houston.

The company has appointed Norman Mckay, currently president of eastern hemisphere of Exterran, a position that he has held since April 2005, as president of Smith Technologies, effective November 1, 2009.

Prior to his tenure at Exterran, and its predecessor Hanover, Mr Mckay had been employed by Schlumberger since 1981. During his 24 years with Schlumberger, Mr Mckay gained extensive experience in field operations as well as general management covering all aspects of the international oil and gas service industry.

Mr Yearwood said: "Under Mike's leadership, Smith Technologies has introduced new products and technologies to the market, enhanced drill bit performance and solidified its position as an industry leader in advanced drill bit technology.

"Norrie's extensive global oilfield service experience will enable Smith Technologies to focus on increased technological and business development in high growth areas."

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For full details on Smith Internat Inc (SII) click here. Smith Internat Inc (SII) has Short Term PowerRatings of 5. Details on Smith Internat Inc (SII) Short Term PowerRatings is available at This Link.

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