Select Water Solutions replaces its CFO

Select Water Solutions, based in the Galleria area, has appointed Chris George as its CFO. He replaces Nick Swyka, who is leaving the company at the end of the month.

Select provides water management and chemical solutions to the oil and gas industry. The company originally began operations in 2007 as Peak Oilfield Services. Then called Select Energy Services, it went public in 2017 through an IPO. The business has revenues of $1.6 billion and a market cap of just under $1 billion.

Founder John Schmitz served as the CEO until its merger with Rockwater Energy Solutions in late 2017. He returned as CEO in January 2021 after the ouster of the previous CEO, who came over from Rockwater.

Mr. George joined Select in January 2012 and served in roles such as Treasury and Investor Relations. He was promoted to VP, Corporate Development, Investor Relations & Sustainability in January 2022. He started his career at UBS Investment Bank.

Mr. Swyka joined the company as CFO in May 2018. He was previously the Director of Investor Relations and Corporate Development at Nabors Industries. He will receive one years’ severance ($360,000), a target bonus for 2024 ($288,000), a bonus for 2023 ($263,779) and pro-rated bonus for 2024. Certain equity awards will also vest. At the end of 2022, these were valued at approximately $678,000. All in, that’s a severance package of around $1.6 million.

SEC filing – 8-K – Select Water CFO

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