Layne Christensen Names Martha R. Vance Chief Accounting Officer
MISSION WOODS, Kan., July 8, 2013 (GLOBE NEWSWIRE) -- Layne Christensen
Company (Nasdaq:LAYN) ("Layne" or the "Company") today announced that Martha
R. Vance, CPA, has been named Vice President, Chief Accounting Officer,
effective July 8, 2013. Ms. Vance will report to James R. Easter, Layne's
Chief Financial Officer.
Ms. Vance brings nearly 20 years of accounting, analysis, and financial
reporting experience to Layne. She most recently served as the Controller for
the residential business of Direct Energy, one of North America's largest
energy and energy-related services providers. Prior to that, Ms. Vance was
Controller at Prospector Offshore Drilling S.A., a provider of high
specification, harsh environment drilling rigs.From January 2010 through
October 2011, Ms. Vance worked at Seahawk Drilling, Inc., a shallow-water
contract oil & gas drilling company, first as Director of Corporate Accounting
and then Vice President of Reporting. Ms. Vance also held positions of
increasing responsibility at Fulcrum Power Services, Copano Energy, and Cleco
Ms. Vance holds a B.B.A. in Accounting from Northeast Louisiana University,
and is a Certified Public Accountant.
Jim Easter, CFO of Layne, said, "Martha brings a wealth of experience from the
power and energy services industries.She is a welcome addition to Layne, and
we look forward to her contributions."
Layne Christensen Company
Layne is a global water management, construction and drilling company,
providing responsible solutions to the world of essential natural resources —
water, mineral and energy.We offer innovative, sustainable products and
services with an enduring commitment to safety, excellence, and integrity.
This press release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange
Act of 1934.Such statements may include, but are not limited to, statements
of plans and objectives, statements of future economic performance and
statements of assumptions underlying such statements, and statements of
management's intentions, hopes, beliefs, expectations or predictions of the
future.Forward-looking statements can often be identified by the use of
forward-looking terminology, such as "should," "intended," "continue,"
"believe," "may," "hope," "anticipate," "goal," "forecast," "plan," "estimate"
and similar words or phrases. Such statements are based on current
expectations and are subject to certain risks, uncertainties and assumptions,
including but not limited to:the outcome of the ongoing internal
investigation into, among other things, the legality, under the FCPA and local
laws, of certain payments to agents and other third parties interacting
withgovernment officials in certain countries in Africa relating to the
payment of taxes and the importing of equipment (including any government
enforcement action which could arise out of the matters under review or that
the matters under review may have resulted in a higher dollar amount of
payments or may have a greater financial or business impact than management
currently anticipates), prevailing prices for various commodities,
unanticipated slowdowns in the Company's major markets, the availability of
credit, the risks and uncertainties normally incident to the construction
industry, the impact of competition, the effectiveness of operational changes
expected to increase efficiency and productivity, worldwide economic and
political conditions and foreign currency fluctuations that may affect
worldwide results of operations. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially and adversely from those anticipated,
estimated or projected.These forward-looking statements are made as of the
date of this filing, and the Company assumes no obligation to update such
forward-looking statements or to update the reasons why actual results could
differ materially from those anticipated in such forward-looking statements.
CONTACT: Layne Christensen Company
Chief Financial Officer
Director of Communications
The Equity Group Inc.
Sr. Vice President
Layne Christensen Company
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