Rich bags top Parker prize

by on September 24, 2012 12:41 pm BST

Ex-Baker Hughes man Gary Rich has scooped the top job at
Parker Drilling as interim chief executive Robert Parker has stepped aside.

The former vice president of global sales at services giant
Baker Hughes has been named both chief executive and president of the
Houston-based company.

Houston resident Rich, who will take up the posts from 1
October, has degree in Accounting from Brigham Young University as well as a
masters in Science & Technology Commercialisation from the University of Texas.

He has had a 25-year career at Baker Hughes where he has
also been president of its European operations and president of offshoot Hughes

Rich replaces Robert Parker who nonetheless stays on as
executive chairman. Parker took over the other roles in March after long-time
chief executive David Mannon quit

Parker is the grandson of company founder Gifford Parker.

Director Rob McKee said of Rich’s appointment: “Gary
has proven success in developing and implementing growth strategies that
deliver sustainable results and value.

“He has experience in nearly every aspect of the oil
and gas business and a keen understanding of the evolving needs of the drilling
service marketplace.”