Rowan Cos. (RDC) Announces Resignation of CFO Bartol Sep 17, 2014 05:16PM

Rowan Cos. (NYSE: RDC) announced that J. Kevin Bartol, Executive Vice President, Chief Financial Officer & Treasurer, has decided to leave the Company to pursue other opportunities. Mr. Bartol will continue to serve until a successor is chosen and a smooth transition is completed. The Company is conducting a search and intends to name Mr. Bartol's successor in short order.

"We greatly appreciate Kevin's dedication and many contributions to Rowan's success over the past seven years," said Thomas Burke, Rowan's President and Chief Executive Officer. "Kevin has been instrumental in shaping the Company's asset and capital markets strategy, from spearheading the sale of the Manufacturing and Land Drilling divisions and acquiring Skeie Drilling to positioning the Company for the future with our solid balance sheet, strong financial condition and investment grade ratings. We wish him well in his future endeavors."

The Company also announced today that Melanie M. Trent has been promoted to Executive Vice President, General Counsel and Chief Administrative Officer and will assume responsibility for the Legal function, as well as retain responsibility for the Human Resources, Information Technology and Communications departments. Ms. Trent succeeds John L. Buvens, Jr. who is retiring from Rowan after more than 30 years with the Company.

"John has been an important contributor to Rowan's evolution over the past thirty years and we will miss his expertise and judgment. We wish him all the best in retirement," Mr. Burke stated.

Ms. Trent joined the Company in 2005, served as Senior Vice President, Chief Administrative Officer and Company Secretary since 2011, and served as Vice President & Corporate Secretary prior to that time.


Cardiovascular Systems (CSII) Chairman Nelson Plans Retirement Sep 17, 2014 05:01PM

Cardiovascular Systems (Nasdaq: CSII) announced that its chairman of the board, Glen D. Nelson, M.D., 77, plans to retire and will not stand for re-election at the company’s 2014 annual meeting of shareholders on November 12, 2014—when his term ends. In appreciation for his 11 years of service as a CSI board member—seven as chairman—the board named Dr. Nelson chairman emeritus, an honorary title.

Scott R. Ward, a CSI director since 2013, will be named chairman. Ward is a managing director at SightLine Partners, LLC. He has over 30 years of experience in Medical Technology and spent nearly two decades in executive leadership positions at Medtronic, including president of its cardiovascular business. Additionally, Ward is the chairman of Creganna-Tactx Medical and Surmodics, Inc. He also serves on the board of ImpediMed, Ltd. and numerous private medical technology companies.

Said Ward, “On behalf of CSI, our stockholders and the physicians whom we serve, we thank Dr. Nelson for his extraordinary leadership and his dedication to improving the quality of care for patients with peripheral and coronary vascular disease. During his tenure, the company evolved from a pre-revenue organization to an annualized run rate in excess of $150 million in revenue with a growing portfolio of vascular devices. The successful growth of CSI reflects Dr. Nelson’s passion for medical technology, sound judgment and steady guidance.”

Dr. Nelson said, “It has been an honor to serve as a CSI board member and chair. I’m very proud of CSI’s continued dedication to developing and commercializing technologies that effectively treat a very sick patient population. I leave the chairmanship with CSI on solid ground for future growth. Scott Ward is an accomplished medical technology executive and business leader. He will be a tremendous asset to CSI as the company continues to build its commercial product line, capabilities and international presence. I look forward to participating in CSI’s future success as chairman emeritus and as a significant shareholder.”


Agilent (A) Says Mike McMullen to Succeed Bill Sullivan as CEO Sep 17, 2014 04:55PM

Agilent Technologies Inc. (NYSE: A) today announced that Mike McMullen, senior vice president, Agilent, and president of the company’s Chemical Analysis Group (CAG), will succeed William (Bill) Sullivan as CEO on March 18, 2015. Sullivan will remain as an advisor through the end of the company’s fiscal year, Oct. 31, 2015, when he will retire.

As a first step in the transition, Agilent’s board of directors has appointed McMullen president and chief operating officer, effective immediately.

“This transition is the culmination of our succession planning, and comes at a time of strength as Agilent begins to deliver the shareholder benefits of the recent spinoff of its electronic measurement business,” said James Cullen, chairman of Agilent’s board of directors. “Bill has been an excellent CEO, providing strong leadership in evolving Agilent’s portfolio from diversified technology to its current focus on life sciences, diagnostics and applied markets. He has exceptional vision and an extraordinary drive to achieve outstanding results.”

Sullivan, 64, has been president and CEO of Agilent since March 2005. He joined Hewlett-Packard, Agilent’s predecessor company, in 1976.

“I am very proud of what our teams have accomplished over the past 10 years,” said Sullivan. “Agilent’s re-launch is the perfect time to begin the CEO transition. Mike is an excellent choice to lead the company. He transformed CAG, reshaping its portfolio and championing key acquisitions that have resulted in a consistent, market-leading record of profitable growth.”

“Mike has the depth of experience, market knowledge and inspiring leadership style that will make him an outstanding CEO,” Sullivan added. “It is a great opportunity to further leverage the skills of an Agilent executive with an exceptional track record.”

McMullen, 53, has been senior vice president, Agilent, and president of the company’s CAG since 2009.

As president and COO, McMullen will be responsible for the company’s businesses, CAG and Life Sciences and Diagnostics Group, Order Fulfillment and the newly formed Agilent CrossLab Group, as well as the global organization that houses IT, workplace services, global sourcing and logistics.

McMullen joined Hewlett-Packard Co. in 1984 as a financial analyst in the Analytical Products Group. Since then he has served in various senior management positions. As president of Agilent’s Chemical Analysis business, he was responsible for companywide organizations in the chemical and energy, food and environmental markets, as well as the services and consumables business for CAG and Life Sciences.

“It is an honor to have been asked to lead Agilent and our very talented teams into the future,” McMullen said. “Agilent is a great company that is well positioned to tap new opportunities in life sciences, diagnostics and applied markets. Our strategy is compelling and will create value for our shareholders. I am excited about working with the teams to execute on our plans.”

“Our focus remains where it has always been—on our customers, supporting their everyday goals in the laboratory as well as their big, world-changing breakthroughs,” he said.


Continental Resources (CLR) Names Jack Stark as COO Sep 17, 2014 04:27PM

Continental Resources, Inc. (NYSE: CLR) announced today that Jack Stark has been appointed President and Chief Operating Officer by the Company's Board of Directors. Stark joined the Company in 1992 and has served as Continental's Senior Vice President of Exploration since 1998.

"Jack is a great team leader whose geological contributions have been a key component of Continental's success over the past 22 years," said Harold Hamm, Chairman and Chief Executive Officer. "He is highly regarded as a pioneer in unlocking unconventional resources in the Rockies, the Bakken, and most recently the SCOOP play in Oklahoma. He has the respect and trust of the entire Continental team. This new role will expand his operational leadership, positioning him to continue playing a critical role in leading Continental as we execute ahead of schedule on our five year plan, and develop our deep inventory into the future."

Mr. Stark joined Continental in 1992 and brings more than 30 years of industry experience to his new position. He is a member of the American Association of Petroleum Geologists, Oklahoma Independent Petroleum Association, Rocky Mountain Association of Geologists, Houston Geological Society and Oklahoma Geological Society. Mr. Stark holds a master's degree in geology from Colorado State University.

"I am honored to serve as President and COO of Continental Resources," Mr. Stark said. "I have the utmost respect and confidence in Continental's management team and our most important asset, our people. Our exploration and operational expertise, combined with our world class assets will allow us to continue to deliver exceptional results. It has been my pleasure to participate in the tremendous growth of our Company over the last 22 years, and the best is yet to come."


InterDigital's (IDCC) Chairman Plans Retirement Sep 17, 2014 04:19PM

InterDigital (Nasdaq: IDCC) announced that Steven T. (Terry) Clontz, Chairman of the Board, has informed the company of his intention to retire from the company's Board of Directors at the end of his term, which extends until the June 2015 Annual Meeting of Shareholders. He will be succeeded as Chairman by S. Douglas (Doug) Hutcheson at that time.

"In the over fifteen years that I have served as a director, InterDigital has been through tremendous, positive changes. Throughout that time, my colleagues on the board and I have worked to ensure that shareholder value is foremost in the company's planning, as it is today. I can unequivocally state that my decision comes at a time when InterDigital is in the strongest position in its history," said Mr. Clontz. "InterDigital continues to deliver leading-edge technologies, the licensing program is firmly established with continued prospects for growth, and the company is exploring new avenues for growth, which makes this an opportune time to bring in new leadership at the board level."

"Terry's contributions as a board member, and as Chairman since 2010, have been enormous. Over the course of Terry's tenure on the board, InterDigital's share price has multiplied almost tenfold, despite the volatility that is inherent in the mobile industry and the many changes during that period. His insight, expertise and guidance have delivered, and continue to deliver, great value to the company and its shareholders. The timing of his decision and the designation of Doug Hutcheson to succeed him as Chairman in June 2015 ensure an orderly transition and continued strong leadership," said William J. Merritt, President and CEO of InterDigital.

Mr. Clontz joined InterDigital's Board of Directors in April 1998 and was elected Chairman of the Board in January 2010. His 40-year career in global telecommunications includes a decade as President and Chief Executive Officer of StarHub, a Singapore-based telecommunications and media company. Mr. Hutcheson is CEO of Laser Inc. and former CEO of Leap Wireless and its operating subsidiary, Cricket Wireless, which were acquired by AT&T in March 2014. He joined InterDigital's Board of Directors in July 2014.


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