Dril-Quip (DRQ) Announces J. Mike Walker Will Step Down as Chairman/CEO

October 20, 2011 6:01 PM EDT
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Dril-Quip, Inc. (NYSE: DRQ) today announced that J. Mike Walker has retired and is stepping down from his positions as Chairman of the Board and Chief Executive Officer and as a member of the Board effective immediately.

As a result of Mr. Walker's retirement, the board of directors has appointed John V. Lovoi as Chairman of the Board, Blake T. DeBerry as President and Chief Executive Officer, and James A. Gariepy as Senior Vice President and Chief Operating Officer, effective immediately. Mr. DeBerry was also appointed as a member of the board of directors to replace Mr. Walker.

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