Gray Wireline Announces Changes to Executive Management Team, Including Three New...

Gray Wireline Announces Changes to Executive Management Team, Including Three
New Senior Appointments

FORT WORTH, Texas, Jan. 12 /PRNewswire/ -- Gray Wireline Service, Inc., a
subsidiary of Gray Energy Services LLC, announced today changes to the
company's executive management team with three new appointments effective
immediately.
Jim Meneely has been appointed interim chief executive officer of Gray
Wireline. He replaces Larry Cavanna, who resigned as president and chief
executive officer. Tim Albers has been retained as a senior advisor, and David
Apseloff has been named executive vice president and chief financial officer.
Mr. Meneely most recently served as an executive with Halliburton Company,
where he was responsible for strategic planning, operations integration, and
worldwide merger & acquisition activities. Prior to that, he worked for
Kellogg Brown & Root and Simmons & Company International.
Tim Albers is a recognized leader in the oilfield services sector with
over 30 years of operational and executive management experience in wireline
services. In 1985, Mr. Albers co-founded a major Canadian wireline company,
which has grown to be the largest privately-owned wireline business in Western
Canada. As an executive and owner, Mr. Albers led the development of new
technologies, equipment, and best practices that transformed the business into
a leader in the Western Canadian market.
David Apseloff is a seasoned financial executive with over twenty years
experience as chief financial officer in public and private companies. Mr.
Apseloff has worked in a variety of different industries and companies,
including Firearms Training Systems, Inc., Hyco International, Inc., Tug
Technologies Corporation, DSI Holding Company, Inc., and most recently,
Stag-Parkway, Inc.
"We appreciate the contributions Mr. Cavanna has made to Gray over the
past several years, and we wish him well in his future endeavors," said Scott
Perekslis, Chairman of Gray's Board of Directors.
"Looking forward," continued Mr. Perekslis, "we are committed to
maintaining Gray's culture of excellence, ensuring that Gray continues to
deliver consistently superb service to our customers and to provide a
rewarding and safe workplace to our valued employees. We are pleased that
Messrs. Meneely, Albers and Apseloff have agreed to join Gray, and we feel
strongly that their experience and contributions will help Gray become an even
better company."
About Gray Wireline Service, Inc.
Founded in 1983, Gray Wireline is the largest independent provider of
cased-hole wireline services to the natural gas and oil exploration and
production industry in the United States. The company has significant onshore
and offshore operations with more than 400 employees and 19 district locations
across five states in the United States.
SOURCE Gray Wireline

Della Sweetman, ext. 721, or Erika Ulring, ext. 712, both of
Fleishman-Hillard, +1-619-237-7700, for Gray Wireline