RigNet Names Clayton Stafford Director of Internal Audit
HOUSTON, TX - March 31, 2011 - RigNet, Inc. (NASDAQ: RNET), a leading independent provider of remote communications and collaborative applications to the global oil and gas industry, has named Clayton Stafford to the position of director of internal audit, announced Mark Slaughter, RigNet's chief executive officer and president.
"We are pleased to have Clayton join us at RigNet", said Slaughter, adding "Clayton is the ideal person to establish our internal audit department, which, as an independent function, will be assisting management and the Audit Committee with identifying efficiency improvements in financial and operational areas, overseeing Sarbanes-Oxley (SOX) compliance and managing risk in order for RigNet to meet its business objectives."
Based at RigNet's Houston headquarters, Stafford will be focused on ensuring effective and efficient internal controls. Stafford most recently served as a director in KPMG's Advisory Services practice in the Houston office and has more than thirteen years of internal auditing experience from multiple industries and Fortune 500 clients. Previously Stafford worked at PricewaterhouseCoopers as a senior associate of internal audit services. He holds both a B.S. and an M.B.A. from Louisiana State University.
Addressing the communications challenges faced by oil and gas companies today in remote locations, RigNet uses the leading remote communications and IP networking technologies to provide high-quality solutions for broadband data, voice and video communications, as well as real-time data management. RigNet's turnkey solution includes installation, management and support for its customers' communications systems without requiring them to invest in and manage expensive telecommunications equipment. This allows RigNet's customers to enjoy high-quality, state-of-the-art communications services without the high costs and risks associated with an internal solution.
About RigNet, Inc.
RigNet (NASDAQ: RNET) is a leading global provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry. RigNet provides solutions ranging from fully-managed voice and data networks to more advanced applications that include video conferencing and real-time data services to remote sites in over 30 countries on six continents, effectively spanning the drilling and production industry. RigNet is based in Houston, Texas. For more information, please visit www.rig.net
+1 (281) 674-0111