HOUSTON, Dec. 29 /PRNewswire-FirstCall/ — Input/Output, Inc. (NYSE: IO)
announced today that J. Michael Kirksey has been named Executive Vice
President and Chief Financial Officer effective January 1, 2004.
Bob Peebler, President and Chief Executive Officer of Input/Output,
commented, “We are delighted with the addition of Mike to our senior
leadership team. Mike brings to I/O nearly 30 years of professional financial
expertise. Our goal was to hire an individual who has a unique mix of
financial and operational experience, both in the US and internationally.
Mike clearly brings both of these capabilities to I/O. With his appointment,
we have further strengthened the management nucleus we’ll need to grow the
company and create significant value for our shareholders.”
Before joining Input/Output, Mr. Kirksey was the Chief Financial Officer
of Metals USA, a leading metals processor and distributor. At Metals USA, Mr.
Kirksey led the development of the company’s financial infrastructure,
spearheaded the integration of numerous acquisitions, and directed all capital
markets activities that supported the company’s growth. Subsequent to a
downturn in the metals business in 2000 and following the departure of the
company’s CEO, Mr. Kirksey was appointed CEO by the Metals USA board of
directors and charged with reorganizing the company’s operations and finances.
Prior to joining Metals USA in 1997, Mr. Kirksey was the Vice President of
Corporate Strategic Planning and the Chief Financial Officer of Europe for
Keystone International Inc., a manufacturer of industrial valves and systems.
Before joining Keystone in 1989, Mr. Kirksey was with Arthur Andersen where he
focused on growth strategies and high technology companies. Mr. Kirksey is a
Certified Public Accountant.
Mr. Kirksey added, “I am pleased to join I/O’s senior leadership team.
Throughout my career, I have been drawn to high potential growth companies
with significant intrinsic value, like Input/Output. The company has begun
the process of realigning its strategy and resources, and the results are
becoming apparent. I look forward to supporting Bob and the board as we
return I/O to increasing levels of profitability and growth.”
Mr. Kirksey succeeds Brad Eastman, Vice President and Chief Administrative
Officer, who will be transitioning to new opportunities outside of I/O during
the next 90 days. Effective January 1, Mr. Eastman will relinquish his
finance and accounting responsibilities to Mr. Kirksey. However, Mr. Eastman
will remain as I/O General Counsel and Corporate Secretary until a suitable
replacement can be identified. Brad joined I/O in June 2001 as Associate
General Counsel and, in December 2002, was named Chief Administrative Officer
with oversight responsibilities for the finance and accounting functions. I/O
recognizes Brad for his significant contributions throughout his service with
the company and wishes him success in his new endeavors.
Input/Output, Inc. is the major independent provider of seismic equipment
and acquisition imaging technology for land, marine, and seabed applications.
In addition, through its GMG/AXIS group, I/O offers specialty seismic
processing services, including anisotropic imaging, that allow oil companies
to more accurately image subsurface features in petroleum reservoirs. The
company’s technologies are applied in traditional 2D and 3D surveys along with
rapidly growing areas like time-lapse 4D reservoir monitoring and full-wave,
multicomponent data acquisition. I/O has offices in the United States,
Canada, Europe, China, Russia and the Middle East. Additional information
about Input/Output, Inc. is available at www.i-o.com .
The information included herein contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Actual results may vary fundamentally
from those described in these forward-looking statements. All forward-looking
statements reflect numerous assumptions and involve a number of risks and
uncertainties. These risks and uncertainties include risk factors that are
disclosed by I/O from time to time in its filings with the Securities and
Pamela Griffin, Marketing Director
Jack Lascar, Partner
Karen Roan, Vice President
DRG&E / (713) 529-6600
SOURCE Input/Output, Inc. 12/29/2003
CONTACT: Pamela Griffin, Marketing Director of Input-Output, Inc.,
+1-281-879-3658; or Jack Lascar, Partner, or Karen Roan, Vice President, both
of DRG&E, +1-713-529-6600, for Input-Output, Inc.
Web site: http://www.i-o.com
CO: Input/Output, Inc.