MRC Global has announced the retirement plan for MRC Global’s president and chief executive officer, Andrew Lane. After discussion at a board of directors meeting, Andrew Lane announced his plan to retire as president and chief executive effective December 31, 2021. Lane has served as a director of MRC Global and president and CEO since September 2008 and was the MRC Global chairman of the board from December 2009 until April 2016.
Lane stated, “Next year I turn 62. I will complete my thirteenth year as CEO, and the company will reach its 100-year milestone next year. It’s the right time for me to retire. I look forward to continuing to work closely with the board, the executive management team and our dedicated employees over the next 18 months to take the necessary actions in response to today’s low oil and gas price and the Covid-19 external environment to position MRC Global for the eventual recovery in the years to follow.”
Rhys Best, MRC Global’s chairman of the board stated, “On behalf of the board of directors we want to thank Andrew for his leadership of MRC Global and his many years of service to our company. Given the extended timeline before Mr. Lane retires at the end of 2021, the board of directors will begin a thorough and deliberate CEO selection process.”
Image credit: MRC Global