Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
HOUSTON, Dec. 08, 2015 (GLOBE NEWSWIRE) -- RigNet, Inc. (NASDAQ:RNET), a leading global provider of digital technology solutions to the oil and gas industry, announced today that Charles E. “Chip” Schneider has been named senior vice president and chief financial officer. He will be based in Houston and succeeds Marty Jimmerson, who, as previously announced, is leaving at the end of the year.
Schneider most recently was vice president and chief financial officer for the Engineering & Construction - Americas division at KBR, Inc. In addition to his role in KBR’s largest business unit, previous roles at KBR have included vice president - finance and treasurer, vice president - corporate development, and interim chief financial officer. His professional career includes experience in commercial banking, project finance, corporate finance and M&A. Schneider has a BBA in finance and an MBA from the University of Texas at Austin.
"We look forward to Chip serving as our next CFO, leading our accounting, treasury, tax, audit, financial planning, investor relations and supply chain functions,” said CEO and President Mark Slaughter. “Chip’s prior experience positions him well to assume the finance helm at RigNet, working closely with senior management, the Audit Committee and the board of directors.”
Jimmerson will remain with RigNet through the end of the year to assist with the CFO transition and to work on other special projects as assigned by the CEO.
Slaughter added, “Marty has been a major contributor to RigNet’s growth and achievements over the past nine years. We thank Marty for his dedication to our success and wish him the very best in his next endeavors.”
Heidrick & Struggles’ Houston office assisted RigNet with the CFO search.
About RigNet
RigNet (NASDAQ:RNET) is a leading global provider of digital technology solutions to the oil and gas industry, focusing on serving offshore and onshore drilling rigs, energy production facilities and energy maritime vessels. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to over 1,100 remote sites in fifty countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit www.rig.net. RigNet is a registered trademark of RigNet, Inc.
Media and Investor Contact: Cameron Wallace Director, Communications, RigNet, Inc. Tel: +1 (281) 674-0111 [email protected]
