HOUSTON--(BUSINESS WIRE)--Feb. 18, 2014--
Exterran Holdings, Inc. (NYSE: EXH) today announced that the company’s
Chief Financial Officer, William M. Austin, 67, has decided to retire
effective April 4, 2014. Until his retirement, he will continue to
oversee his current responsibilities and assist in transition planning.
The company has engaged Crist|Kolder Associates to conduct a search for
a successor.
“On behalf of the Board and Exterran’s employees, I want to thank Bill
for his significant contributions since he joined Exterran in 2011,”
said Brad Childers, Exterran’s President and CEO. “In addition to his
financial leadership, Bill played a key role in driving the performance
initiatives that have improved Exterran’s operating efficiency and
financial performance. We sincerely wish him the best in his retirement.”
“I’ve been privileged to work with an extraordinary Exterran team, and
I’ve enjoyed my time here, both professionally and personally,” said
Austin. “I am thankful to have had the opportunity to contribute to
Exterran’s success. In addition, I am confident that the company is well
positioned for continued growth, I leave behind a strong financial team,
and I feel this is the appropriate time to pursue some of my personal
interests.”
Austin also plans to retire as Senior Vice President and director of
Exterran GP LLC, the managing general partner of Exterran Partners
(NASDAQ: EXLP), effective as of April 4, 2014.
About Exterran Holdings
Exterran Holdings, Inc. is a global market leader in full service
natural gas compression and a premier provider of operations,
maintenance, service and equipment for oil and gas production,
processing and transportation applications. Exterran serves customers
across the energy spectrum – from producers to transporters to
processors to storage owners. Headquartered in Houston, Texas, Exterran
has approximately 10,000 employees and operates in approximately 30
countries.
About Exterran Partners
Exterran Partners, L.P. is the leading provider of natural gas contract
operations services to customers throughout the United States. Exterran
Holdings owns an equity interest in Exterran Partners, including all of
the general partner interest.
For more information, visit www.exterran.com.
Forward-Looking Statements
All statements in this release (and oral statements made regarding the
subjects of this release) other than historical facts are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements rely on a number of assumptions concerning future events and
are subject to a number of uncertainties and factors, many of which are
outside Exterran Holdings’ control, which could cause actual results to
differ materially from such statements. Forward-looking information
includes, but is not limited to, expectations relating to Exterran
Holdings’ future growth.
While Exterran Holdings believes that the assumptions concerning future
events are reasonable, it cautions that there are inherent difficulties
in predicting certain important factors that could impact the future
performance or results of its business. Among the factors that could
cause results to differ materially from those indicated by such
forward-looking statements are: local, regional, national and
international economic conditions and the impact they may have on
Exterran Holdings and its customers; changes in tax laws that impact
master limited partnerships; conditions in the oil and gas industry,
including a sustained decrease in the level of supply or demand for oil
and natural gas and the impact on the price of oil and natural gas;
Exterran Holdings’ ability to timely and cost-effectively execute larger
projects; changes in political or economic conditions in key operating
markets, including international markets; and changes in safety, health,
environmental and other regulations; and the performance of Exterran
Partners.
These forward-looking statements are also affected by the risk factors,
forward-looking statements and challenges and uncertainties described in
Exterran Holdings’ Annual Report on Form 10-K for the year ended
December 31, 2012, and those set forth from time to time in Exterran
Holdings’ filings with the Securities and Exchange Commission, which are
currently available at www.exterran.com.
Except as required by law, Exterran Holdings expressly disclaims any
intention or obligation to revise or update any forward-looking
statements whether as a result of new information, future events or
otherwise.
Source: Exterran Holdings, Inc.
Exterran Holdings, Inc.
Media - Susan Moore, 281-836-7398
Investors
- David Oatman, 281-836-7035