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Satnews Daily
February 4th, 2011

Moving On Up And Out...On Board At RigNet


[[SatNews] RigNet, Inc. (Nasdaq:RNET), announced the following changes to its board of directors in connection with the completion of its initial public offering (IPO) on the NASDAQ stock exchange. In total, the board is being increased from six to eight directors, with three continuing, three resigning and five joining as the Company transitions from a board of mostly private equity investors to a board with energy, telecommunications and public company experience. RigNet provides managed communications to the oil and gas industry.

Mark Slaughter, RigNet's CEO and president thanked the past board for their assistance with RigNet's growth and forward thinking service to their customers.

Continuing directors are: Tom Matthews, RigNet's chairman; Kevin Neveu, CEO and president, Precision Drilling; and Chip Davis of Sanders Morris Harris Private Equity Group.

Resigning from the board are Dirk McDermott, managing partner, Altira Group; Orjan Svanevik of Cubera Private Equity; and Omar Kulbrandstad, RigNet co-founder.

Joining the RigNet board are: Kevin J. O'Hara, Keith Olsen, Brent K. Whittington, James H. Browning and Slaughter.