Layne Christensen appoints Anderson as CFO

Layne Christensen Co. (Nasdaq: AYN) has appointed J. Michael Anderson as CFO, effective July 20. He will succeed Andrew Atchison, who has served as Layne's CFO on an interim basis since Aug. 1, 2014. Atchison will continue to support Layne through the leadership transition and has agreed to serve as a consultant to support corporate initiatives.

Anderson brings more than 25 years of experience in senior management roles at publicly traded companies in the water and energy industries, and in commercial and investment banking. He joins Layne from Southcross Energy Partners LP, where he had served as CFO since 2012. Anderson previously served as CFO of Exterran Holdings Inc. and Exterran Partners LP from 2003 until 2012. He also served as CFO and as chairman and CEO at Azurix Corp., a global owner and operator of water and wastewater assets, from 1999 until 2003.

Anderson spent 10 years in investment banking at JP Morgan Chase & Co., where he specialized in mergers and acquisitions. He earned a Bachelor of Business Administration degree in finance from Texas Tech University, and a Master of Business Administration degree in finance from The Wharton School of the University of Pennsylvania.


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