Franklin Myers Joins Paine & Partners

Franklin Myers has joined Paine & Partners as an operating advisor, with a focus on energy investment opportunities. He is a former advisor and senior executive with Cameron International Corp.

PRESS RELEASE

Paine & Partners, LLC (“Paine & Partners”) today announced that Franklin Myers has joined Paine & Partners as an Operating Advisor focused on identifying and evaluating energy investment opportunities globally for the firm.

“Franklin has exceptional experience building, growing and guiding large, successful and global energy organizations,” said Troy Thacker, a Partner of the firm. “Paine & Partners has a long-standing interest and strong investment track record in the energy sector.  We believe Paine & Partners’ creative approach to problem solving combined with Franklin’s wealth of experience in the industry will allow our fund to serve as a differentiated capital provider to the energy sector.”

 

“I have great respect for Paine & Partners’ investment approach, which creates long-term value through deep industry knowledge, operational improvement and innovative problem solving, in partnership with management teams,” said Mr. Myers. “The principals and I share a view that the current environment presents a range of compelling energy investment opportunities.  I look forward to pursuing these opportunities as part of the Paine & Partners team, contributing my operational expertise and experience in the energy industry.”

 

W. Dexter Paine, III, a Partner of Paine & Partners, added, “We are very pleased to welcome Franklin to our growing group of Operating Directors and Advisors.  This group, comprised of leaders in our focus industries, is a unique and important part of Paine & Partners’ investment process.”

 

Until recently, Mr. Myers was a Senior Advisor to Cameron International Corporation (formerly known as Cooper Cameron Corporation).  Mr. Myers served as Senior Vice President of Finance and Chief Financial Officer of Cameron International Corporation from January 2003 until April 2008 when he became a Senior Advisor to the company.  Mr. Myers served as Senior Vice President of Cooper Cameron Corporation from July 2001 to January 2003, as Senior Vice President and President of the Cooper Energy Services division from August 1998 to July 2002 and Senior Vice President, General Counsel and Secretary from April 1995 to July 1999. Prior to joining Cooper Cameron Corporation, Mr. Myers was employed by Baker Hughes Inc., where he served as Vice President and General Counsel from January 1988 to December 1994 and as Senior Vice President and General Counsel from December 1994 to April 1995. 

 

Previously, Mr. Myers was an Attorney and Partner at the law firm of Fulbright & Jaworski.   Mr. Myers has served as a Director of ION Geophysical Corporation (previously Input Output Inc.) since 2001, and is currently Chairman of the Compensation Committee and a Member of the Audit and Governance Committees. Mr. Myers also serves on the Boards of Directors of Comfort Systems USA Inc., ION Geophysical Corporation, Reunion Industries Inc., Seahawk Drilling, Inc and Convest Energy Corp. 

 

Mr. Myers received a Bachelor of Science in Industrial Engineering from Mississippi State University and a J.D. degree, with honors, from the University of Mississippi.

 

About Paine & Partners, LLC

Paine & Partners provides equity capital for management buyouts, going private transactions, and company expansion and growth programs. Paine & Partners engages exclusively in friendly transactions developed in cooperation with a company’s management, board of directors, and shareholders. Since it was established in 1997, the firm has executed 18 platform investments and 63 add-on acquisitions, representing a total enterprise value of USD $6.5 billion.  For further information, see www.painepartners.com.