Enservco Corporation Appoints Mark K. Patterson Chief Financial Officer
25 April 2022 - 10:30PM
Enservco Corporation (NYSE American: ENSV), a diversified national
provider of specialized well-site services to the domestic onshore
conventional and unconventional oil and gas industries, today
announced that Mark K. Patterson has been appointed Chief Financial
Officer effective April 22, 2022. He succeeds the departing
Marjorie Hargrave.
Patterson, who joined Enservco recently as Senior
Vice President, is an accomplished senior executive with extensive
experience in financial and strategic planning, operations,
logistics, capital markets, and M&A. He is a growth-oriented
manager with a track record of leading and executing transformative
business and financial strategies with private and public companies
ranging from start-ups to multi-billion-dollar enterprises.
Patterson is the former Board Member and CFO of
Express-1 Expedited Solutions, which later changed its name to XPO
Logistics – a $12 billion NYSE-listed freight transportation
company. Previous assignments include Executive Vice President, CFO
and COO of All-State Express, where he led operations, sales,
safety, accounting and strategic planning; CFO and acting CEO of
Transcard LLC, a financial technology company where he was
responsible for operations, finance and accounting; and Executive
Vice President and CFO of Appalachian Underwriters, an
international insurance group where he led financial and
operational matters. He is the founder and an owner of BetterWay
Logistics, a fast-growing private freight brokerage agency.
“We are very pleased to add Mark to lead our
finance team. He is a highly accomplished executive who has
produced excellent results at every company he has been associated
with throughout his career,” said Rich Murphy, Executive Chairman
of Enservco. “We look forward to benefitting from his energy, skill
set and experience as we advance our business strategy.”
“I am excited to join Enservco at a time when the
energy industry is rebounding and opportunities for organic and
acquisitive growth are growing,” said Patterson. “Enservco enjoys a
strong industry reputation, a blue-chip customer base and a
national footprint, which combine to provide a solid foundation to
build upon.”
As a material incentive for entering his
employment with the Company, Patterson will receive a restricted
stock award grant outside of the Company’s 2016 Equity Incentive
Plan aggregating 300,000 restricted shares of the Company’s Common
Stock vesting over a three-year period subject to continuous
service through each vesting date.
About Enservco
Through its various operating subsidiaries,
Enservco provides a range of oilfield services, including hot
oiling, acidizing, frac water heating, and related services. The
Company has a broad geographic footprint covering seven major
domestic oil and gas basins and serves customers in Colorado,
Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio,
Texas, Wyoming, West Virginia, Utah, Michigan, Illinois, Florida,
New Mexico and Louisiana. Additional information is available
at www.enservco.com.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains information that is
"forward-looking" in that it describes events and conditions
Enservco reasonably expects to occur in the future. Expectations
for the future performance of Enservco are dependent upon a number
of factors, and there can be no assurance that Enservco will
achieve the results as contemplated herein. Certain statements
contained in this release using the terms “believes,” "may,"
“intends,” "expects to," and other terms denoting future
possibilities, are forward-looking statements. The accuracy of
these statements cannot be guaranteed as they are subject to a
variety of risks, which are beyond Enservco's ability to predict,
or control and which may cause actual results to differ materially
from the projections or estimates contained herein. Among these
risks are those set forth in Enservco’s annual report on Form 10-K
for the year ended December 31, 2020, and subsequently filed
documents with the SEC. Forward looking statements in this news
release include the ability of the Company to advance its business
strategy and capitalize on opportunities for organic and
acquisitive growth. Enservco disclaims any obligation to update any
forward-looking statement made herein, except as required by
law.
Contact:
Mark Patterson Chief Financial Officer Enservco
Corporation mpatterson@enservco.com
Pfeiffer High Investor Relations, Inc. Jay
Pfeiffer Phone: 303-880-9000 Email: jay@pfeifferhigh.com
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