Posted October 17, 2011
MRC names new COO, CFO
McJunkin Red Man Holding Corporation (MRC) appointed James F. Underhill as executive vice president and chief operating officer – North America and James E. Braun as executive vice president and chief financial officer.
Both appointments become effective Nov. 15. Braun is expected to begin employment with MRC in a transitional role on Nov. 1 as executive vice president.
In his role of chief operating officer – North America, Underhill will be responsible for all of MRC's U.S. and Canadian operations, including the overall performance of the North American segment, the implementation and integration of any acquisitions in the region and the continued development of MRC's IT ERP platform. Scott Hutchinson, executive vice president – North America Operations will report to Underhill. Braun will replace Underhill as MRC's chief financial officer. Braun and Underhill will report directly to Andrew Lane, MRC chairman, president and CEO.
Braun has served as chief financial officer of Newpark Resources Inc. since 2006. Newpark provides drilling fluids and other products and services to the oil and gas exploration and production industry, both inside and outside of the U.S.
"We are very excited to have Jim Braun join our team at MRC," said Lane. "His years of experience in the energy industry, his financial market, public accounting and public company expertise as well as his knowledge of international operations bring a valuable combination of skills to our company. We look forward to his contributions."
"We are also extremely pleased that Jim Underhill is assuming his new role," Lane added. "Jim's deep intimate knowledge of our systems and operations and his key role in growing the company for over 30 years make him the ideal person to lead our core North American operations."
Underhill has been MRC's chief financial officer since 2007. He has served in various finance roles since he joined the company in 1980.
