Tendeka elects new chairman and vice chairman

  • Business & Finance

Tendeka, a provider of completions systems and services to the oil and gas industry, has appointed two new members to its board of directors.

Joining the Tendeka board in the role of chairman and non-executive director is Jim Nixon. He is the current CEO and chairman of Nixon Energy Investments, a newly founded company which invests and advises energy equipment and service businesses exhibiting high potential growth.

Before its acquisition by Sandvik AB, Nixon was president and CEO of Texas-based Varel International Energy Services. Following the acquisition, he became president of Sandvik Venture and was a member of the Sandvik Group’s executive management.

In addition to being on Tendeka’s board, Nixon serves on several boards including Resman NO, EcoServ, and Extreme Plastic Products.

Regarding his appointment, Nixon said: “I am excited to join Tendeka, the team has outstanding potential based on its technology and market development.”

Tendeka also appointed Bill Wright as vice chairman and non-executive director. The company noted that Wright has almost 40 years of experience in the oil and gas business, including 35 years at Schlumberger. He also brings with him board experience as he is acting as the current chairman and vice chairman of two other private equity-backed oil and gas enterprises.

On joining Tendeka, Wright said: “In Tendeka, I saw an innovative company with excellent possibilities for growth around the world as the global oil and gas business starts on the road to recovery.”

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