December 4, 2015 – Caldwell Partners has placed Michael Reed as senior vice president and chief financial officer of ASRC Energy Services LLC. Jim Bethmann, managing partner and co-leader of the firm’s TMT & IT services and information security practices, led the search.
Mr. Bethmann focuses on recruiting board directors and C-suite executives in software, IT services, cloud/outsourcing, internet/media, telecommunications, hardware/systems and defense markets on a global basis.
Mr. Reed has 26 years of finance and accounting experience with 20 years in the energy sector and an advanced skill set in all areas of financial management and reporting, information technology, corporate development and investor relations. He will be responsible for all corporate budgeting and forecasting working daily alongside the CEO, COO and group presidents to insure profitable growth and a disciplined financial approach.
He comes to the company with global management experience, most recently as VP of finance at National Oilwell Varco, a worldwide provider of equipment and components used in oil and gas drilling and production operations, oil field services and supply chain integration services to the upstream oil and gas industry across six continents. In this position, he was responsible for financial oversight of the Africa, Middle East and India geographic regions including but not limited to cost controls, corporate governance, internal controls, process re-engineering, and other change management initiatives.
ASRC Energy Services is the largest Alaska-based, minority owned, oil and gas service company in the state and is headquartered in Anchorage. It offer a full range of services for all phases of an oil field’s lifecycle, from exploration and field development to production optimization and decommissioning, as well as offshore oil response equipment and resources, and marine services.
A recent report issued by ManpowerGroup, ‘Strategies to Fuel the Energy Workforce,’ found that 58 percent of energy executives said they struggle to find the talent they need and 74 percent believe the problem will worsen over the next five years. Job categories identified as being in greatest demand included field workers, skilled trades, and highly educated professionals.
The study also found that the talent shortage may already be slowing growth and expansion. By some estimates, there will be three million energy sector jobs by 2020. In the utilities subsector, where half of the workforce is already over the age of 40 — 100,000 net new jobs are projected. Many of the positions will require tech-savvy candidates to keep pace with future developments.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media