Cactus Announces New Appointment to Board of Directors
11 June 2021 - 7:00AM
Business Wire
Cactus, Inc. (NYSE: WHD) (“Cactus”) today announced that Mr. Tym
Tombar has been appointed to the Company’s Board of Directors (the
“Board”) and will serve on its audit committee and compensation
committee, effective July 1, 2021. Mr. Tombar is a Co-Founder of
Arcadius Capital Partners (“Arcadius”) and its predecessor, SW
Capital Partners. Arcadius is an energy private equity firm that
provides growth capital to start-ups and early-stage companies in
the upstream oil and gas industry. Prior to co-founding Arcadius,
he was a Managing Director and co-head of Scotiabank’s Energy
Private Equity group. Previously, Mr. Tombar also held various
positions at Goldman, Sachs & Co, including leading deal teams
through the sourcing, execution and management of primary market
energy investments in securities and loans and working within the
investment banking division. With the addition of Mr. Tombar, the
Board is now composed of nine members, including six independent
directors.
Scott Bender, President and CEO of Cactus, stated, “We are
pleased to welcome Mr. Tombar as an independent director. His
leadership experience in the energy and investment fields make him
an ideal addition to our Board. We believe the Board of Directors
will greatly benefit from his expertise.”
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly
engineered wellhead and pressure control equipment. Its products
are sold and rented principally for onshore unconventional oil and
gas wells and are utilized during the drilling, completion and
production phases of its customers’ wells. In addition, it provides
field services for all its products and rental items to assist with
the installation, maintenance and handling of the wellhead and
pressure control equipment. Cactus operates service centers in the
United States, which are strategically located in the key oil and
gas producing regions, including the Permian, SCOOP/STACK,
Marcellus, Utica, Haynesville, Eagle Ford and Bakken, among other
areas, and in Eastern Australia.
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version on businesswire.com: https://www.businesswire.com/news/home/20210610005964/en/
Cactus, Inc. John Fitzgerald, 713-904-4655 Director of
Corporate Development and Investor Relations IR@CactusWHD.com
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