Forum Names New Chief Executive Officer

 Forum Energy Technologies has named C.Christopher Gaut as a chief executive officer, to replace Prady Iyyanki.

Gaut will continue to serve as chairman of the board of directors, the company noted.

Cris Gaut said, “Forum is a strong company with tremendous talent and significant upside potential. It is a privilege to be asked to lead the company once again. We will be working very hard to drive superior execution, improve margins and generate free cash flow. There is a wealth of untapped value within Forum and I am excited to get to work.

“We sincerely thank Prady for his dedication, loyalty and contributions to Forum, and wish him well in the future.”

Gaut is a seasoned oil and gas industry executive. He has served as a member of Forum’s board of directors since 2006 and as chairman since 2010.

In addition, Gaut previously served as Forum’s chief executive officer from 2010 to May 2017.

He served at Halliburton as president of the Drilling and Evaluation Division and prior to that as CFO, from March 2003 through April 2009. Prior to joining Halliburton in 2003, Gaut was CFO and co-chief operating officer of Ensco International.