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New CFO for my company

Posted on 10/12/17 at 4:36 pm
Posted by 25smeckles
Lafayette
Member since Sep 2017
409 posts
Posted on 10/12/17 at 4:36 pm
Michael W. Sumruld is senior vice president and chief financial officer (CFO) for Parker Drilling, appointed October 1, 2017.

He most recently served as Chief Accounting Officer for LyondellBasell Industries N.V., one of the largest plastics, chemicals, and refining companies in the world. In that role, he had global responsibility for corporate accounting, financial reporting, and internal controls. From 1998 through 2016, 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, where he held a range of financial roles.

Any baw here worked or works for LyondellBasell or Baker Hughes and knows this guy? I got some stock in Parker (PKD) and want to get the real scoop on wether this guy can turn it around.
Posted by idlewatcher
County Jail
Member since Jan 2012
78824 posts
Posted on 10/12/17 at 4:38 pm to
quote:

LyondellBasell


Word is they are looking to divest of this asset in Houston.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134817 posts
Posted on 10/12/17 at 4:42 pm to
quote:

Michael W. Sumruld

He posts here
Posted by whit
Baton Rouge
Member since Sep 2010
10998 posts
Posted on 10/12/17 at 4:46 pm to
What's the name of your company? So we can help you better
Posted by cgrand
HAMMOND
Member since Oct 2009
38615 posts
Posted on 10/12/17 at 4:48 pm to
quote:

What's the name of your company? So we can help you better

Parker Drilling
Posted by crlemaire97
Lafayette, Louisiana
Member since Aug 2017
21 posts
Posted on 10/12/17 at 4:48 pm to
Parker Drilling (PKD)
Posted by KillTheGophers
Member since Jan 2016
6209 posts
Posted on 10/12/17 at 5:21 pm to
All depends on how much leverage the board and CEO give him.

Most likely the board and CEO will stay out of his way and let him do his thing - if so, he will be just fine.

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