SERVICE SECTOR / Veritas DGC Inc. Management Appointments
VERITAS DGC INC. ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS
HOUSTON, TEXAS--
Ludlow named Vice Chairman; Wells appointed President and Chief
Operating Officer
Dave Robson, Chairman and CEO of Veritas DGC Inc. announced today
that Steve Ludlow has been promoted to Vice Chairman and Tim
Wells to President and Chief Operating Officer.
Robson said the new management structure is a key step in
accomplishing a long-range growth strategy that addresses a new
competitive environment caused by changing industry fundamentals
and marketplace demands. "This new structure will also enable us
to focus even more on the critical external and internal issues
that drive our business and determine our success," said Robson.
"In Steve and Tim, we have proven industry executives who will
work closely with me in making and implementing decisions that
will maximize our speed and flexibility in meeting the demands of
the marketplace."
Ludlow, who has served as President and Chief Operating Officer
since 1996, will concentrate on refining and developing
long-range growth strategies, especially in the area of new
technology. He will be responsible for developing new
corporate-wide approaches to the company's health, safety and
environmental programs and will continue to lead the company's
relationships with the investment community and its customers.
A 27-year veteran of the seismic industry, Ludlow joined Digicon
in 1971 and held various executive positions before becoming
president in 1994.
Wells, as President and Chief Operating Officer, will assume
responsibility for the company's seven operating units with each
division head reporting to him. Wells will concentrate on
executing business strategies and improving operating
efficiencies in each division. Wells, with more than 20 years of
seismic experience, joined the company in 1981 and was most
recently President of Veritas DGC Asia Pacific.
Veritas DGC Inc., headquartered in Houston, is a leading provider
of land, transition zone and marine-based seismic data
acquisition, seismic data processing, and multi-client data sales
to the petroleum industry. Veritas operates seven divisions in
selected markets worldwide and, based on revenue, is the fifth
largest geophysical services provider.
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