DRILLING TOOLS INTERNATIONAL - Key Persons
Job Titles:
- Vice President / International Business Development
Job Titles:
- Chairman of the Nominating and Corporate Governance Committee
- Director
- Member of the Compensation Committee
- Director of DTI
- Member of the Compensation Committee / Chairperson of the Nominating and Corporate Governance Committee
C. Richard Vermillion has been a director of DTI since 2016. He has also served as the Chairman and CEO of MV Partners, Inc., a private investment vehicle, since 1996. During that time, Mr. Vermillion has invested in and served on the boards of several companies, including Gammaloy, L.P., an oilfield tool rental company; Seismic Energy Products, a rubber bearing manufacturer; and Fulcrum Analytics, a data analytics company. Additionally, Mr. Vermillion has served on the boards and audit committees of Varel Manufacturing, a drill bit manufacturer, and Triton Energy, a public oil and gas exploration company. Prior to this, Mr. Vermillion was a managing director of Donaldson, Lufkin & Jenrette, an investment bank, and CEO of MBank Houston, the third largest bank in Houston. Mr. Vermillion received a B.B.A. and M.B.A. from the University of Texas at Austin and is a graduate of the Harvard Advanced Management program.
Mr. Vermillion was chosen to serve on the PubCo Board because he brings deep executive leadership experience in financial services, oilfield services, accounting, finance, and private equity investments due to his extensive background in banking, investment banking, and asset management.
Member of the Compensation Committee
Chair of the Nominating and Corporate Governance Committee
Curt Crofford has been a director of DTI since 2012. He is also a managing director at Hicks Equity Partners, LLC ("Hicks"), a private equity investment firm founded by Thomas O. Hicks. Mr. Crofford has been with Hicks since 2005. Prior to joining Hicks, Mr. Crofford served in positions at numerous investment banks, including Dresdner Kleinwort Wasserstein; Donaldson, Lufkin & Jenrette; and BT Alex. Brown Inc. Mr. Crofford has been involved in many of Hicks' investments, including those in DTI, Latrobe Specialty Metals and Standard Pump Parts. Mr. Crofford received a B.A. from Vanderbilt University and an M.B.A. from Duke University.
Mr. Crofford was chosen to serve on the PubCo Board because of his 17 years of experience in private equity and eight years of experience in investment banking. Over the course of his career, Mr. Crofford has developed a deep understanding of the oil and gas industry in general and of DTI's business in particular.
Job Titles:
- Director / Technical Services
Job Titles:
- Chief Financial Officer
- Member of the Leadership Team
Job Titles:
- Chairman of the Compensation Committee
- Director
- Member of the Audit Committee
- Member of the Nominating and Corporate Governance Committee
- Director of DTI
- Member of the Audit Committee / Chairperson of the Compensation Committee
Eric C. Neuman has been a director of DTI since 2012. He has also been a managing director and partner of Hicks since 2005. Previously, he had been a partner at HM since December 2000 and an officer of HM since 1993. At HM, Mr. Neuman was involved in the formation and development of many of the firm's media investments, including those in Chancellor Media and Capstar Broadcasting, Lin TV, Sunrise Television and Marcus Cable. In 2002, he assumed responsibility for HM's Latin American business.
Mr. Neuman currently serves on the board of directors of DirecPath Newco., LLC; Crossings, LLC and DTI. From 2000 to 2016, Mr. Neuman served as a director of Intercable, an international provider of television, internet and telephone services and an HM portfolio company. Mr. Neuman served as a director of GigaMonster from 2015 to 2019; Just Brakes, LLC from 2013 to 2017; and Glori Energy, Inc. from 2015 to 2017. Mr. Neuman received a B.A. from the University of South Florida and an M.B.A. from Northwestern University.
Mr. Neuman was chosen to serve on the PubCo Board because of his demonstrated track record of driving growth in businesses across a broad range of industries. Moreover, Mr. Neuman' experience serving as a director of numerous companies qualifies him to serve as a director of PubCo.
Member of the Audit Committee
Chair of the Compensation Committee
Job Titles:
- Chairman of the Audit Committee
- Director
- Member of the Nominating and Corporate Governance Committee
- Chairman of the Audit Committee Member of the Nominating and Corporate Governance Committee
- Director of DTI
Jack Furst has been a director of DTI since 2012. He is also the founder of Oak Stream Investors, a private investment firm founded in 2008 which makes investments in real estate, oil and gas, fixed income securities and public and private equities. Mr. Furst joined HM Capital Partners LLC ("HM Capital Partners"), a private equity firm, in 1989, the year it was formed as Hicks, Muse, Tate & Furst, Inc. ("HM"). Until 2008, he was a partner at HM Capital Partners and was involved in all aspects of the firm's business, including originating, structuring and monitoring its investments. Prior to joining HM Capital Partners, Mr. Furst served as a Vice President, and subsequently as a partner, of Hicks & Haas from 1987 to 1989. From 1984 to 1986, Mr. Furst was a mergers and acquisitions and corporate finance specialist for The First Boston Corporation ("First Boston"). Before joining First Boston, Mr. Furst was a Financial Consultant at PricewaterhouseCoopers. Mr. Furst received a B.S. with honors from the College of Business Administration at Arizona State University and an M.B.A. with honors from the Graduate School of Business at the University of Texas at Austin.
Mr. Furst was chosen to serve on the PubCo Board because of his 38 years of experience in leveraged acquisitions and private investments. Mr. Furst's broad experience in the financial services industry will allow him to offer unique insights into PubCo's business.
Chair of the Audit Committee
Member of the Nominating and Corporate Governance Committee
Job Titles:
- Vice President / Corporate Development
Job Titles:
- Member of the Leadership Team
- President
Job Titles:
- Director / Gulf Coast Technology Center
Job Titles:
- Director
- Member of the Audit Committee
- Member of the Nominating and Corporate Governance Committee
Mr. Patterson has 28 years of energy industry experience. He currently manages and invests in multiple companies inside and outside of the energy sector. He was Basic Energy Services, Inc.'s ("Basic") President and Chief Executive Officer and appointed as a Director from September 2013 until January of 2020 when he retired from Basic. From 2006 to September 2013, Mr. Patterson worked for Basic in positions of increasing responsibility: as Basic's Senior Vice President and Chief Operating Officer from April 201l until September 2013, as a Senior Vice President from September 2008 until April 2011 and as a Vice President from February 2006 until September 2008. Prior to joining Basic, he was President of TMP Companies, Inc. from 2000 to 2006. He was a Contracts / Sales Manager at Patterson Drilling Company from 1996 to 2000. From 1995 to 1996, he was employed as an Engine Sales Manager at West Texas Caterpillar. Mr. Patterson graduated with a Bachelor of Science degree in Biology from Texas Tech University.
Member of the Audit Committee
Job Titles:
- Chairman of the Board
- Director of DTI
Thomas O. Hicks has been a director of DTI since 2012. Mr. Hicks is a pioneer in the private equity industry in the United States. From 1984 to 1988 he was Co-Founder and Co-Chairman of Hicks & Haas, which successfully acquired numerous entities and brands, including Dr Pepper, Seven Up, A&W Root Beer, Sybron and Thermadyne. He later founded numerous private equity funds for HM, which raised over $12 billion. His funds have invested billions of dollars of equity in businesses in the United States, Europe and Latin America. Mr. Hicks retired from HM in 2004, and now manages his own family office private equity firm, Hicks Holdings, LLC. Mr. Hicks was a Director of Carpenter Technology Corporation until September 2014. Mr. Hicks is also the manager and indirect majority owner of HSG Sports Group Holdings LLC, which, through subsidiaries, formerly owned interests in professional sports franchises, including the Texas Rangers and the Dallas Stars. Mr. Hicks has a B.B.A. from the University of Texas at Austin and an MBA from the University of Southern California.
Mr. Hicks was chosen to serve on the PubCo Board because of his decades of experience successfully acquiring, integrating and operating businesses. Mr. Hicks' deep understanding of DTI's business also qualifies him to serve as a director of PubCo.
Job Titles:
- Vice President Human Resources
Job Titles:
- CEO
- Director
- Member of the Leadership Team
- President
With over 40 years of industry experience, Wayne began his career in 1979 working in field operations in the Gulf of Mexico. He spent the next 20 years employed by firms that specialized in directional drilling and medium radius horizontal drilling technology. These included Scientific Drilling, Becfield Horizontal, Drilling Measurements Inc, Drilex Services and Baker Hughes Inteq. He served in various roles in field operations, operations management, sales, and executive management responsible for domestic and international business locations. In 1999, Wayne founded Wildcat Services, a provider of specialty automatic drilling equipment for drilling rigs. In 5 years, the company grew from a local 50-rig supplier to over 500 systems deployed in 20 countries around the world. The company was sold to National Oilwell Varco in 2004, and Wayne continued as General Manager then later as a strategic advisor. In addition to founding Wildcat Services, Wayne co-founded several other oilfield services companies with business focus in solids control, downhole tool development, MWD products, and a precision metal cutting and machining business. Wayne has been involved in several merger and acquisition transactions, as well as executing the post M&A business integration process. Originally from Rayne, LA, Wayne has resided in Houston for the last 35 years. He offices at DTI Corporate Headquarters in Houston, TX.