Flotek Industries Inc. has appointed Robert M. Schmitz as executive vice president and CFO, succeeding H. Richard Walton, who has been named CFO Emeritus and will remain a key part of Flotek's financial leadership team.
Schmitz served as Flotek's vice president and corporate controller since June, 2013. Prior to joining Flotek, he served as vice president and chief accounting officer at Champion Technologies Inc., a major supplier of production chemicals to the oil and gas industry. Schmitz also worked at Shell Oil Co., ultimately serving as CFO of the Shell Energy Services division. He also worked as accounting director at Dynegy. Schmitz graduated from Kansas State University with a degree in business administration and is a certified public accountant.
Walton has served as Flotek's CFO since January 2013. Prior to joining Flotek, he spent his 30-year career in public accounting, including 20 years as an audit partner at KPMG LLP. His experience includes financial statement audits and registration of securities with the US Securities and Exchange Commission. Following his retirement from KPMG in 2003, Walton served as a consultant to public companies, including Flotek since 2010. He is a certified public accountant and holds a bachelor's degree in economics and business administration from Westminster College.