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Parker Drilling appoints Peter C. Wallace as newest board member

HOUSTON -- Parker Drilling has announced the appointment of Mr. Peter C. Wallace to the company' s board of directors, increasing the board size from nine to ten. Wallace brings extensive senior leadership, product and business development, sales and marketing management, and operational experience at multinational companies operating in the oil and gas, power transmission, fluid management, and industrial manufacturing sectors.

He will serve as a Class III member of the company' s board of directors, with an initial term expiring at the annual meeting of stockholders to be held in 2014.  He will also serve on the board' s compensation committee.

Wallace, aged 59, most recently served as president and CEO of Robbins & Myers, Inc., an international supplier of equipment and systems to the energy and chemicals sectors from 2004 to 2013, when the company was acquired by National Oilwell Varco.

Wallace holds an MBA from the University of Wisconsin and a Bachelor of Science in Mechanical Engineering from Cornell University.



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