Melissa Cougle has been named Chief Financial Officer ("CFO") of Ranger Energy Services, Inc. (RNGR) ("Ranger"), effective June 15, 2022. Ms. Cougle follows Brandon Blossman, who will step down as Ranger's CFO on June 10, 2022 to pursue other opportunities.
Ms. Cougle brings nearly two decades of finance leadership experience in the energy and oilfield services industry, including CFO roles at Frank’s International and National Energy Services Reunited. She also serves on the boards of both Tidewater Incorporated and the Energy Workforce & Technology Council. She brings a deep public company finance background including strategic planning, accounting, financial analysis, public company reporting and internal financial controls.
“This is an exciting time for the Company on the heels of our recent acquisitions, which have positioned the Company for meaningful growth and cash flow generation in the quarters and years ahead,” commented Stuart Bodden, President and Chief Executive Officer of Ranger. “Melissa’s past positions give her significant strategic insight into the role of corporate finance within an oilfield services company, and I am confident that she will bring fresh new perspectives to our leadership team following our significant growth and expansion of our shareholder base. We are confident in our strategy, and I look forward to working with Melissa and the rest of the executive team to continue building a sustainable, high returns business centered on top quality clients, excellent service and assets, effective technologies, efficient operations and processes, and ESG stewardship.”
“We thank Brandon for his leadership over the past four years,” stated Bill Austin, Chairman of the Board. “His work at Ranger reflects his integrity and drive as a leader and we wish him great success in his future endeavors. We appreciate Brandon’s support as we have integrated several transformational acquisitions while maintaining strong operational and financial performance and a solid balance sheet.”
