On November 1, 2021, Newpark Resources, Inc. announced that Mr. Howes gave notice to the Corporate Secretary of the Company of his intent to resign as a member of the Board concurrent with his retirement as an officer of the Company on the Retirement Date. The anticipated resignation of Mr. Howes as a member of the Board does not arise from any disagreement with the Company on any matters relating to the Company?s operations, policies or practices. The Board of Newpark Resources, Inc. determined that immediately upon the retirement of Mr. Howes as an officer of the Company and his resignation as a member of the Board on February 28, 2022, Matthew Lanigan, who currently serves as President and Chief Operating Officer of the Company, will become President and Chief Executive Officer of the Company (as previously announced) and replace Mr. Howes as a member of the Board. Mr. Lanigan has served as President and Chief Operating Officer of the Company since September 2021. Mr. Lanigan previously served as Vice President of the Company and President of Newpark Industrial Solutions from April 2016 to August 2021.
Newpark Resources, Inc. is a geographically diversified supplier providing products, as well as rentals and services to customers across multiple industries. The Company operates through two segments include Industrial Solutions, Fluids Systems and Industrial Blending. Its Industrial Solutions segment provides temporary worksite access solutions, including the rental of its recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production (E&P), pipeline, renewable energy, petrochemical, construction and other industries, primarily in the United States and Europe. Its Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America and Europe, the Middle East and Africa, as well as certain countries in Asia Pacific.
NEWPARK RESOURCES, INC. 
