Layne Christensen Announces Executive Transition

December 06, 2012

The company consolidates headquarters and leadership

Layne Cheistensen Company Consolidation

Layne Christensen Co. announced that its board of directors has approved the relocation of its global corporate headquarters from Mission Woods, Kan., to The Woodlands, a suburb of Houston. The move is expected to commence in spring 2013 and be completed by winter 2013.

The move will involve most executive positions in Layne's corporate leadership, as well as certain other management and staff positions. Most senior executives from Layne's six divisions will ultimately consolidate into the Houston headquarters.

"Unifying our corporate and divisional leadership into one location will allow us to better coordinate the activities of Layne's approximately 5,000 employees around the world by enhancing collaboration and innovation across divisional, functional and geographic lines. Houston provides enhanced access to some of the nation's leading energy companies, an important consideration as we build our total water management solutions business for the oil and gas industry. Our new consolidated headquarters also offers an attractive platform for expansion, while Houston provides a number of advantages associated with its rank as the fourth-largest city in the nation," said Rene Robichaud, president and CEO of Layne.

After careful consideration, Jerry Fanska, Layne's senior vice president finance, and Jeff Reynolds, executive vice president and COO, have decided not to relocate to Houston. Fanska has announced his retirement from Layne. He has agreed to remain with the company until his successor is named, and to assist in the transition of responsibilities and the company's relocation to Houston. Reynolds will resign his positions effective Jan. 1, 2013. He will remain a member of the board of directors.

The company has engaged the services of Heidrick and Struggles to identify and recruit Fanska's successor.

Reynolds's responsibilities will be assumed by veteran Layne executives David Singleton and Gernot Penzhorn. Effective Jan. 1, 2013, Singleton has been promoted to senior vice president operations U.S. and Penzhorn has been promoted to senior vice president operations international. Singleton, 53, has more than 30 years of experience in various areas of Layne's operations. He has been president of the Water Resources Div. since May 2010, and before that was vice president of water resources beginning in 2004. Penzhorn, 42, became president of the Mineral Exploration Div. in 2011, where he began his career with Layne in 2007. Prior to joining the company, Penzhorn served as international operations director for Boart Longyear, which he joined in 2001.

Source:

Layne Christensen Co.

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