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February 14, 2016 12:55 PM ET

Energy Equipment and Services

Company Overview of RigNet, Inc.

Company Overview

RigNet, Inc. provides digital technology solutions to the oil and gas industry. The company operates through three segments: Eastern Hemisphere, Western Hemisphere, and Telecoms Systems Integration. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company also offers a communications package of voice, data, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access, as well as ...

1880 South Dairy Ashford

Suite 300

Houston, TX 77077

United States

Founded in 2000

698 Employees

Phone:

281-674-0100

Fax:

281-674-0101

Key Executives for RigNet, Inc.

Interim Chief Executive Officer and Interim President
Age: 52
Total Annual Compensation: $287.1K
Senior Vice President and General Counsel
Age: 61
Total Annual Compensation: $259.0K
Group Vice President of Managed Energy Solutions
Age: 54
Total Annual Compensation: $260.8K
Compensation as of Fiscal Year 2014.

RigNet, Inc. Key Developments

RigNet, Inc. Announces Resignation of Mark Slaughter from the Board of Directors

Effective January 31, 2016, Mark Slaughter, the prior Chief Executive Officer and President of RigNet, Inc. has resigned from the company's Board of Directors. In connection with the resignation of Mr. Slaughter from the Board, the Board has reduced its size by one seat, such that the total size of the Board after the reduction is eight members.

RigNet Announces Executive Changes

The Board of Directors of RigNet named Marty Jimmerson, RigNet's former senior vice president and chief financial officer, as interim president and chief executive officer (CEO), succeeding Mark Slaughter until a permanent replacement is identified. Kevin O'Hara has been elected vice chairman of the RigNet board of directors. Board Chairman Jim Browning will replace O'Hara as chair of its Corporate Governance and Nominating committee. O'Hara will no longer serve on the board's Compensation committee.

RigNet, Inc. Announces Management Changes

interim president and chief executive officer (CEO), succeeding Mark Slaughter until a permanent replacement is identified, effective immediately. RigNet will initiate a search for a permanent president and CEO in the coming weeks. Further, Kevin O'Hara has been elected vice chairman of the RigNet board of directors. Board Chairman Jim Browning will replace O'Hara as chair of its Corporate Governance and Nominating committee. O'Hara will no longer serve on the board's Compensation committee. Jimmerson has more than 20 years of experience in the upstream oil and gas and wireless communications industries, working with companies such as Noble Drilling Corporation and American Tower. Jimmerson has held accounting, finance and operations management positions with a focus on internal financial operations analysis and management, capital funding and strategic planning. O'Hara served as CEO of Integra Telecom Inc., where he was a director beginning in December 2009. He also served as chairman of the board for Elemental Technologies.

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