Parker Drilling Announces Appointment of Chief Financial Officer

       Parker Drilling Announces Appointment of Chief Financial Officer

PR Newswire

HOUSTON, Sept. 25, 2017

HOUSTON, Sept. 25, 2017 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD)
announced today the appointment of Michael (Mike) W. Sumruld as Senior Vice
President and Chief Financial Officer, effective October 1, 2017.  With Mr.
Sumruld's appointment, Jon-Al Duplantier, Parker Drilling's Senior Vice
President, Chief Administrative Officer and General Counsel will relinquish
his additional responsibilities as interim CFO.

Mr. Sumruld, age 47, most recently held the position of Vice President and
Chief Accounting Officer from January through September 2017 at LyondellBasell
Industries N.V., one of the largest plastics, chemicals and refining companies
in the world.  In his role there, he had global responsibility for corporate
accounting, financial reporting, and internal controls.  Prior to
LyondellBasell, Mr. Sumruld worked at Baker Hughes Incorporated, a leading
supplier of oilfield services, products, technology and systems to the
worldwide oil and natural gas industry.  During his 18 year tenure, he held a
range of financial roles, including most recently Vice President and
Treasurer; Vice President Finance – Eastern Hemisphere; and Director –
Investor Relations.  Additionally, he held financial roles covering the U.S.,
Latin America, and the Eastern Hemisphere as well as global financial roles
covering several product lines.  Mr. Sumruld is a certified public accountant
and holds a bachelor's degree in accounting from the University of Houston and
an MBA from Texas A&M University.

"We are pleased to welcome Mike to the Parker team," said Gary Rich, the
Company's Chairman, President and CEO.  "His extensive experience in the
international oilfield services business, coupled with his financial expertise
will be a great asset to Parker.

"We also thank Jon-Al Duplantier for his leadership as interim CFO over the
past several months. His dedication and focus built over 22 years of energy
industry experience as a respected and trusted leader provided a seamless
transition," concluded Mr. Rich.

Company Description
Parker Drilling provides drilling services and rental tools to the energy
industry. The Company's Drilling Services business serves operators in the
inland waters of the U.S. Gulf of Mexico utilizing Parker Drilling's barge rig
fleet and in select U.S. and international markets and harsh-environment
regions utilizing Parker-owned and customer-owned equipment.  The Company's
Rental Tools Services business supplies premium equipment and well services to
operators on land and offshore in the U.S. and international markets.  More
information about Parker Drilling can be found on the Company's website at
www.parkerdrilling.com.

Contact: Jason Geach, Vice President, Investor Relations & Corporate
Development, (+1) (281) 406-2310, jason.geach@parkerdrilling.com.

 

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SOURCE Parker Drilling Company

Website: http://www.parkerdrilling.com
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