Cactus Promotes Stephen Tadlock to Lead Recently Acquired Flexsteel Segment
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Cactus, Inc. has appointed Stephen Tadlock, currently executive vice president and chief financial officer of Cactus, as the CEO of the Spoolable Technologies segment (FlexSteel).
Stephen Tadlock has served as executive vice President and chief financial officer of Cactus since 2019. Previously he served as vice president and chief administrative officer and as vice president of corporate services after joining the company full time in 2017. Prior to that, Tadlock was a partner at Cadent Energy Partners where he worked from 2007 to 2017, serving as a board observer of Cactus since its founding in 2011. Additionally, while at Cadent, Tadlock served as a director and chairman of the board of Polyflow, a spoolable pipe business that was sold to Baker Hughes in 2018.
“On behalf of the board of directors and management team, I would like to thank TS (Mr. Sathyanarayanan) for his leadership in transforming FlexSteel into the industry leader over the past decade, and for his work in integrating FlexSteel into Cactus since the close of the acquisition in February 2023. His extensive history with FlexSteel has greatly enabled our successful integration thus far, and we wish him all the best with his future endeavors,” said Scott Bender, CEO and chairman of the board of Cactus.
“We have much work to do as we continue to realize the full potential of our combined Cactus and FlexSteel businesses. I’m confident that Steve is the right person for the job given his long history with Cactus and knowledge of our culture, in addition to his previous experience leading a spoolable pipe business which will ensure a smooth transition,” added Bender.
Cactus designs, manufactures, sells, or rents a range of highly engineered pressure control and spoolable pipe technologies. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for its products and rental items to assist with the installation, maintenance and handling of the equipment. Cactus operates service centers throughout North America and Australia, while also providing equipment and services in select international markets.
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