Oil industry services company Flotek Industries Inc. said Thursday that its president and chairman John Chisholm will also be the company's CEO.
The position was vacant prior to Chisholm's appointment. Has been president and chairman since 2009.
Chisholm has acted as CEO, whether he held the title or not, said Kenneth Hern, who is lead independent director on Flotek's board.
Chisholm signed a new three-year employment contract with the company as well.
Flotek sells chemicals, equipment and services to companies that drill for oil. The company released fourth-quarter earnings on Thursday, reporting that revenue jumped 58 percent from a year ago. And it said demand was already unusually strong this year, with revenue in January and February exceeding $48 million. That's up nearly 50 from the first two months of 2011.
Flotek shares surged in morning trading, climbing $1.14, or 10.3 percent, to $12.18.