Forum Energy Technologies names new CFO, consolidates leadership

Houston-based Forum Energy Technologies Inc. (NYSE: FET) is reducing and reorganizing its executive management in an effort to cut costs. The leadership changes are effective July 10.

Pablo G. Mercado, senior vice president and CFO, has “resigned to pursue other opportunities,” a June 30 press release states.

D. Lyle Williams Jr. will take over as executive vice president and CFO. Since May 2017, Williams had served as senior vice president of operations overseeing the drilling, subsea, production…