Flotek FTK) Appoints Rick Walton as Interim CFO

January 28, 2013 7:04 AM EST
Flotek Industries, Inc. (NYSE: FTK) announced that Richard Walton has been appointed Chief Financial Officer on an interim basis.

Mr. Walton also replaces Johnna Kokenge, Flotek's Chief Accounting Officer, who is leaving the Company to pursue other professional interests. Mr. Walton will assume Ms. Kokenge's accounting officer duties.

Flotek and Ms. Kokenge have agreed to a severance and consulting arrangement that will provide her with certain consideration in exchange for transitional consulting services provided to the Company. The details of the agreement can be found in Form 8-K filed with the U.S. Securities and Exchange Commission on January 28, 2013.

Mr. Walton's public accounting career spans over three decades including 20 years as an audit partner in the Houston office of KPMG. His experience includes financial statement audits and registration of securities with the SEC. Following his retirement from KPMG LLP, he has served as a financial consultant to public companies, including financial reporting consulting for Flotek since 2010.

Mr. Walton is a certified public accountant and is a member of the Texas Society of CPAs. He is a graduate of Westminster College with a degree in Economics and Business Administration. Following graduation he served as an officer in the U.S. Army. He currently serves as Chairman of the Board of Houston Hospice, Chairman of the Finance Committee at DePelchin Children's Center and as a member of the Board of Trustees of the Retina Research Foundation.

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