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Company separates chairman and CEO roles
MRC Global Inc. announced that its board of directors named Rhys J. Best as nonexecutive chairman effective as of its upcoming annual meeting of shareholders on April 28. Among other responsibilities, as nonexecutive chairman, Best will coordinate future agendas for MRC Global board and shareholder meetings, preside at those meetings, serve as the liaison between management and the independent directors and consult on shareholder engagement and governance matters.
Best joined the MRC Global board in 2008 and has held various leadership roles including chair of the compensation and governance committees. Since 2014, he has served as lead independent director.
Andrew R. Lane will continue to serve as president and CEO and as a director, roles he has held since September 2008. The board also extended Lane's employment agreement until May 2020.