New CEO for Socotherm
November 9th, 2011: Socotherm Group, one of the world’s leading companies in pipeline coatings and global leader for thermal coatings for subsea pipelines, is pleased to announce the appointment of Paul DeWeese as its new Chief Executive Officer.
Mr. DeWeese has worked extensively in the area of oilfield services and supplies, initially with Cameron Compression Services (Cooper Cameron) and subsequently with CRC-Evans International where he was President of the Automatic Welding Division, a leading supplier to the global pipeline industry.
The controlling shareholders and board members of Socotherm expressed strong enthusiasm with the appointment of Mr. DeWeese.
Diego Alvarez-Demalde of Sophia Capital said "Paul's leadership skills and experience in the sector will be critical as we increase further our focus on technology and the competitiveness of our customers".
Tighe Noonan of 4D Global Energy stated “We are confident that his in-depth knowledge of the global pipeline marketplace and strong experience in international sales and manufacturing will help lead Socotherm group through a new phase of growth and technical innovation building on its worldwide presence and multicultural identity.”
Federico Schargorodsky of Sophia Capital added "the appointment of Paul DeWeese is another key step to be successful in the execution of our new strategic plan".
Socotherm's strategy is to become the world leader in high technology coating, including all special coatings such as thermal insulation and concrete coating for the off shore market.
Additionally, Socotherm intends to be the best coating strategic partner and supplier for the leading oil and gas companies, pipe laying contractors and steel pipe producers, by helping them be more competitive through efficient, safe and reliable operations, industrial processes and logistics.
