FMC Technologies (FTI) announced Monday afternoon that it has named Douglas Pferdehirt its new CEO effective September 1. He replaces John Gremp, who has served as the company’s chief executive since 2011. Gremp will remain Chairman of the FTI Board of Directors until he retires in May 2017, at which time Pferdehirt will also assume the Chairman role.
Who Is Douglas J. Pferdehirt?
Pferdehirt joined FTI in August 2012 as Executive VP and COO following a 26- year career at Schlumberger. He was appointed President of FTI in 2015.
During his tenure at FTI, he has helped lead and execute many strategic shifts, including industry-changing alliances with leading service providers, such as Technip. “Under his leadership, FTI has established a platform for industry standardization, improved execution and enhanced customer relationships,” the company said in the Monday statement.
Pferdehirt lauded Gremp’s achievements at CEO, saying, “John Gremp’s vision and leadership have built FMC Technologies into one of the most important and successful equipment and services providers in the world, a company committed to the success of its customers, shareholders, partners and employees. I am excited about what lies ahead for FMC Technologies and I couldn’t be more honored to lead this great organization.”
Gremp’s Successful 41-Years At FTI
Gremp has served as CEO of FTI since 2011. He has been with the company for 41 years. “Under his leadership as CEO, the company has achieved significant growth, closer alignment with customers, leadership in global markets and a reputation for being a company committed to its values,” FTI said.
Speaking to the leadership transition, Gremp said, “This is the perfect time for Doug Pferdehirt to become FMC Technologies’ next Chief Executive Officer…Doug is a strong leader who has demonstrated his ability to translate vision and strategy into solid execution as the company continues to drive results through integrated business models, innovative technology, standardization and superior execution.”
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