Offshore Equipment Firm Dril-Quip Names New CEO

Offshore drilling equipment specialist Dril-Quip, has named Jeffrey J. Bird as its new President and Chief Executive Officer. Effective as of January 1, 2022, he’ll replace Blake T. DeBerry, who will step down at that time. 

DeBerry will continue to serve as Chief Executive Officer and as a member of the Board until December 31, 2021.

John Lovoi, Dril-Quip’s Board Chairman, said:”On behalf of the Board, I would like to thank Blake for his superb stewardship of Dril-Quip as CEO and as a Board member over the past 10 years and for all of his contributions since joining the Company in 1988. We are also very excited to promote Jeff to the CEO position and add him as a member of the Board after he has worked along with Blake and the Board since joining the Company in 2017 and most recently in his capacity as President and Chief Operating Officer.”

“My experience as Dril-Quip’s CEO has been very fulfilling and I am extremely proud of all we have accomplished despite significant headwinds for our industry in recent years,” said DeBerry. “I believe the company is well-positioned for the anticipated improvement in our market in the coming years, making now a good time to transition to new leadership. I will continue working closely with Jeff over the next several months as part of the transition into his new role. Lastly, I would like to thank all of the Dril-Quip employees that I have worked with during my 33 years for their support and dedication to the company.”

The incoming CEO Jefferey J. Bird said: “I am honored to have been selected as CEO to serve Dril-Quip’s shareholders, customers and employees. I’ve had the good fortune to work very closely with Blake over the last four-plus years and am confident in the strong leadership and management team at Dril-Quip and believe the future is bright with our innovative products, superior customer service and financial strength.” 

Bird, 54, joined Dril-Quip in March 2017 as Vice President and Chief Financial Officer before being promoted to Senior Vice President of Production Operations and Chief Financial Officer in March 2019 and then to President and Chief Operating Officer in May 2020. 

Before joining Dril-Quip, Bird served as Executive Vice President and Chief Financial Officer of Frank’s International, a provider of engineered tubular services to the oil and gas industry, as Chief Financial Officer of Ascend Performance Materials, a provider of chemicals, fibers, and plastics, and in a variety of accounting and finance roles primarily in the industrial manufacturing sector, including as a division Chief Financial Officer at Danaher Corporation.

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