RigNet CFO to Step Down

RigNet, Inc. senior vice president and chief financial officer Marty Jimmerson has informed the company of his intention to step down from his position as CFO by the end of the year, the company announced.

Jimmerson has indicated that he will remain to assist in the search for a new CFO and to assure an orderly transition.

“I have tremendously enjoyed my over eight years as CFO at RigNet, from its private company days through its successful transition to a public company,” Jimmerson said. “The skills and experience I have gained are invaluable. With RigNet now successfully transitioned, the timing is now right for me to pursue other opportunities.”

"Marty has been a key contributor to RigNet’s success over the past several years, having helped guide the company through an IPO, two acquisitions and the launch of a new ERP system,” said Mark Slaughter, RigNet’s CEO and president, “Through his efforts, he will leave the company on excellent financial footing. I will miss working closely with him and wish him every possible success in his next endeavors.”

RigNet, a global provider of digital technology solutions to the oil and gas industry, has hired Heidrick & Struggles to lead the CFO search, which will consider both external and internal candidates.