RigNet (NASDAQ: RNET) has made executive and board changes that are effective immediately, including naming Marty Jimmerson, RigNet's former senior vice president and CFO, as interim president and CEO, succeeding Mark Slaughter, until a permanent replacement is identified.
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.
As RigNet's senior vice president and CFO, Jimmerson oversaw RigNet's global financial operations, including accounting, treasury, tax, corporate finance, information technology, supply chain management, and investor relations. He has more than 20 years of experience in the upstream oil and gas and wireless communications industries, working with companies such as Noble Drilling Corp. and American Tower. Jimmerson has held accounting, finance, and operations management roles with a focus on internal financial operations analysis and management, capital funding, and strategic planning. He has completed an executive education course in the Strategic Financial Leadership Program at Stanford University's Graduate School of Business, and holds a Bachelor of Arts degree in accounting from Baylor University.
O'Hara has been a RigNet board director since 2010. He served as CEO of Integra Telecom Inc., a facility-based communications company, where he was a director beginning in December 2009. He also served as chairman of the board for Elemental Technologies, a video processing company that was sold to Amazon in late 2015. O'Hara was a co-founder of Level 3 Communications Inc. and served in various roles, including executive vice president, president, and COO. Prior to his work with Level 3 Communications, he served as president and CEO of MFS Global Network Services Inc., and as senior vice president of MFS and president of MFS Development Inc. O'Hara received a Master of Business Administration degree from the University of Chicago and a Bachelor of Science degree in electrical engineering from Drexel University.
RigNet, based in Houston, is a global provider of digital technology solutions to the oil and gas industry, focusing on serving offshore and onshore drilling rigs, energy production facilities, and energy maritime vessels. The company provides solutions ranging from fully managed voice and data networks to applications that include video conferencing and real-time data services.