Wellspring Capital’s Swift appoints Nelson to board of directors

Swift Worldwide Resources, a portfolio company of Wellspring Capital Management, has added Rodney F. Nelson as a non-executive member of its board. Nelson has served as a corporate officer and vice president at Schlumberger. Based in Houston, Swift is a provider of contract engineers and other personnel to the oil and gas sector.

PRESS RELEASE

HOUSTON, May 12, 2014 /PRNewswire/ — Swift Worldwide Resources, a leading oil and gas recruitment provider globally, is pleased to announce the addition of Rodney F. Nelson as a Non-Executive Board Member. A 34-year energy industry veteran, Rod joined Schlumberger in 1980 as a wireline engineer and has served as a Corporate Officer and Vice President. Rod’s management roles at Schlumberger have ranged across the business and across the world including global line management, R&E, marketing, and government relations.
Tobias Read, Chief Executive Officer of Swift, commented: “We are thrilled with the addition of Rod to Swift’s Board of Directors. His deep industry experience and expertise will be of significant value to Swift as we grow with our customers globally while delivering the highest level of service.”
Rod holds a bachelor’s degree in engineering from the University of Wisconsin and was a Sloan Fellow at MIT’s Sloan School of Management.
About Swift
Headquartered in Houston, Swift is one of the world’s leading providers of contract engineers and other skilled personnel to the global oil and gas industry. Swift currently has approximately 3,000 contractors in active placements across 23 offices in 35 countries. Swift is a portfolio company of Wellspring Capital Management, a New York based private equity firm. Further information about Swift can be found at www.swiftworldwideresources.com.
About Wellspring Capital Management
Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. The firm’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources. For additional information, please visit www.wellspringcapital.com.

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget