Newpark Resources Inc. recently unveiled CEO succession plans that included the promotion of Matthew Lanigan to the position of president and COO, effective Sept. 1. Matthew Lanigan The Woodlands, Texas-based company announced the plans in an Aug. 23 release disclosing that Paul Howes, president and CEO, intends to retire on Feb. 28, 2022 after 15 years at the helm, and be succeeded at such time by Lanigan, the current president of Newpark's Industrial Solutions operating segment. Lanigan, 50, joined Newpark in April 2016. Previously, he had various executive positions for GE Capital Corp. and spent his early career with Exxon Mobil as a drilling and completions engineer and an offshore production engineer and marketer for crude and LPG. Commenting on Lanigan promotion, Newpark Chairman Tony Best said the board had thoroughly evaluated several highly qualified candidates over the past year, all of whom possessed many of the skills they were looking for in a CEO.