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Exterran's CFO Retires, Company Looking for Successor

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Exterran's CFO Retires, Company Looking for Successor

Exterran Holdings, Inc. (EXH) has announced that the company’s Chief Financial Officer, William M. Austin, 67, has decided to retire effective April 4, 2014.

Until his retirement, he will continue to oversee his current responsibilities and assist in transition planning.

The company has engaged Crist|Kolder Associates to conduct a search for a successor.

Brad Childers, Exterran’s President and CEO said: "On behalf of the Board and Exterran’s employees, I want to thank Bill for his significant contributions since he joined Exterran in 2011.

In addition to his financial leadership, Bill played a key role in driving the performance initiatives that have improved Exterran’s operating efficiency and financial performance. We sincerely wish him the best in his retirement.

Austin said: "I’ve been privileged to work with an extraordinary Exterran team, and I’ve enjoyed my time here, both professionally and personally."

I am thankful to have had the opportunity to contribute to Exterran’s success. In addition, I am confident that the company is well positioned for continued growth, I leave behind a strong financial team, and I feel this is the appropriate time to pursue some of my personal interests."

Austin also plans to retire as Senior Vice President and director of Exterran GP LLC, the managing general partner of Exterran Partners (EXLP), effective as of April 4, 2014.