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Integrated Drilling Equipment announces appointment of Jim Terry as Chief Executive Officer [Global Data Point](Global Data Point Via Acquire Media NewsEdge) Prior to his appointment, Jim Terry was the CEO and President of Particle Drilling Technologies ("PDT"). PDT is a manufacturer of innovative well drilling bits and surface equipment used in drilling hard rock formations. This technology allowed the well driller to cut through hard rock formations up to 6X faster than conventional drill bits. Prior to PDT, Mr. Terry was the Vice President of Drilling Services at Weatherford International from 2002 to 2006. From 1993 to 2002, Mr. Terry was at Halliburton Company in increasingly responsible roles. Prior to Halliburton, Mr. Terry was an executive with Smith International and Baker Hughes. Jim Terry resides in Houston, Texas and holds a BA in Business from San Francisco State University. Jim Terry said, "I am extremely excited about my new role as CEO of IDE. The Company's founder, Steve Cope, has established IDE as a premier manufacturer of drilling rigs combined with automated controls and electronic variable frequency drive systems that are proving to be ideally suited for today's demanding horizontal drilling operations, as well as providing industry recognized fabrication and rig up services to a growing base of customers. I believe my experience and industry knowledge makes me well suited to continue to expand the company's offerings and improve upon the strong foundation established by Mr. Cope." James N. Mills, chairman, said, "After an extensive search, the board joins me in welcoming Jim Terry on his appointment as chief executive officer of IDE. In Mr. Terry, we have a strong, accomplished executive in the oil and gas industry who will provide the necessary leadership to drive the company's next phase of growth, building a diversified oilfield services and manufacturing company with global reach." (c) 2014 GlobalData Provided by SyndiGate Media Inc. (Syndigate.info). |