HOUSTON AND CALGARY, April 2, 2019 – Osprey Informatics (“Osprey”), a leading provider of intelligent visual monitoring solutions to oil and gas and other industrial markets, announced today that its board of directors has named Mark Slaughter to the position of chief executive officer (“CEO”) and to the Company’s board of directors. Rob Logan, who has served as CEO of Osprey for the past three years, and is the current board chair, will step back into his investor role and assist with the transition.
Slaughter has deep experience in growing companies that have developed disruptive technologies with applications in a wide range of industrial settings. From 2007 through to 2016, he was CEO of RigNet (Nasdaq: RNET), a leading global provider of remote communications and value-added applications primarily to the oil and gas industry. During his nine-year tenure, RigNet grew from a US$50 million private company to a public company and industry leader with a peak valuation exceeding US$1 billion. Most recently, he was president and a co-founder, and is transitioning to the advisory board, of eFrac Well Services, a next-generation well completions company providing natural gas-fueled, electric-powered hydraulic fracturing services.