Houston oilfield services company appoints new CFO

Jay Nutt has been appointed CFO of Cactus Inc, a publicly-traded oilfield services company with its head office in the Memorial City area of Houston. The company has a market capitalization of $4 billion.

Stephen Tadlock, the previous CFO, was appointed CEO of the company’s Spoolable Technologies segment in October 2023. At that time, the company appointed Alan Keifer as the interim CFO. Mr. Keifer, a former Chief Accounting Officer at Baker Hughes, had been providing consulting services to the company since February 2023.

In March, Donna Anderson, the Chief Accounting Officer of Cactus, resigned to take the same position at Bristow Group, another Houston oilfield services company.

Mr. Nutt has plenty of experience in oilfield services. In 2018 he was appointed CFO of Apergy as it became a publicly-traded company carved out of Dover Corporation. When Apergy merged with the Champion Nalco business of Ecolab in 2020 to form ChampionX, he became the CFO of the combined business. He left ChampionX in 2021.

Prior to that, Mr. Nutt spent nearly 30 years at FMC in its various forms. Early on, when FMC was a conglomerate, he spent time in both the Food Processing Equipment and Gold divisions. He joined the oilfield services division in 2001 as it was being spun off as FMC Technologies. He stayed on for a year after its merger with Technip in 2017.

Mr. Nutt will receive a base salary of $450,000.

SEC filing – Cactus CFO appointment

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