TEMPE, Ariz., Oct. 7, 2024 /PRNewswire/ — Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today announced the appointment of Bryan Schumaker as the company’s chief financial officer (CFO) effective October 8. Schumaker brings more than 20 years of financial and leadership experience across public and private sectors, driving growth, operational excellence, and strategic capital management.

“We are thrilled to welcome Bryan to the team as our new Chief Financial Officer,” said Jeff Benck, president and CEO of Benchmark. “With his deep understanding of the manufacturing industry and proven track record of success as a public company CFO, we are confident Bryan will play a key role in our strategic direction while driving operational excellence. We are confident that his expertise will be a tremendous asset to Benchmark as we continue to scale our business and enhance shareholder value.”

Schumaker’s impressive track record as CFO within both the manufacturing and renewable energy sectors positions him as a key contributor to Benchmark’s future success. In his most recent role as CFO of SOURCE Global, Schumaker played a key role in transforming the financial operations of the company, preparing it for public market readiness and leading the development of a global shared service center in Malaysia. His financial leadership contributed significantly to the quadrupling of revenue growth during his two-and-a-half-year tenure, establishing it as a leader in a market-defining industry. Prior to SOURCE Global, Schumaker was the CFO of TPI Composites, Inc. and 8point3 Energy Partners, while previously serving as SVP and Chief Accounting Officer for First Solar Inc.

At Benchmark, Schumaker will be responsible for overseeing the company’s financial operations, including strategic financial planning, capital structure management, and investor relations. His leadership will be critical in driving Benchmark’s growth and ensuring operational excellence as the company continues to capitalize on the significant growth opportunities inherent to its served markets.

“I am excited to join Benchmark at such a pivotal time in the company’s journey,” said Schumaker. “I look forward to working with this talented team to help drive continued success and value for our stakeholders.”

Schumaker holds a Bachelor of Business Administration in Accounting from the University of New Mexico and is a Certified Public Accountant (CPA). His appointment is a continuation of Benchmark’s ongoing commitment to enhancing its leadership strength as the Company continues to expand operations and drive operational excellence. To learn more about Schumaker and Benchmark’s senior leadership team, please visit https://www.bench.com/leadership-team.

About Benchmark Electronics, Inc.
Benchmark provides comprehensive solutions across the entire product lifecycle; leading through its innovative technology and engineering design services; leveraging its optimized global supply chain; and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation communications, medical, complex industrials, and semiconductor capital equipment. Benchmark’s global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.

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SOURCE Benchmark Electronics, Inc.

OTTAWA, ON and GATINEAU, QC, Oct. 7, 2024 /CNW/ – Today, the CRTC is taking action to help make cellphone use more affordable when Canadians travel internationally and within Canada.  

When it comes to international travel, the CRTC has heard that Canadians pay too much in roaming fees. The CRTC conducted a review to examine these fees. To inform the review, the CRTC obtained and analyzed confidential information from Canadian cellphone companies. It also considered the findings of a number of studies and reviewed public information on roaming.

The CRTC found that Canadians often end up paying high fees when roaming. Roaming fees for Canadian travelers are often inflexible, causing consumers to pay a flat fee of $10 to $16 per day regardless of how much they use their cellphone. The CRTC’s priority is to ensure that Canadians have the flexibility to choose an affordable plan that best meets their needs.

To address these concerns, the CRTC is calling on large cellphone companies to take immediate action to provide affordable roaming options. Companies must inform the CRTC by November 4, 2024, of the concrete steps they are taking to respond to these concerns. If the CRTC finds that sufficient progress is not made, it will launch a formal public proceeding.

The CRTC is also taking steps to help make it more affordable for Canadians to travel within Canada. Domestic wholesale roaming rates are the fees that cellphone service providers pay when their customers travel outside of the provider’s coverage area. These fees are a key factor that providers use when setting prices for cellphone plans.

Many agreements that set the wholesale roaming rates between cellphone service providers are several years old with rates that do not reflect today’s market. The CRTC is therefore requiring providers to set new rates through timely negotiations with each other. If cellphone providers cannot come to an agreement, the CRTC will set the rates using a process known as final offer arbitration. The CRTC expects this will result in lower prices.

The CRTC will continue to actively monitor roaming rates.

“Canadians need to stay connected when they travel, but often come home to high cellphone bills. The CRTC is taking action to help reduce roaming fees and is ready to launch a formal public proceeding if Canadians’ concerns are not addressed.”

– Vicky Eatrides, Chairperson and Chief Executive Officer, CRTC

The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.Under the CRTC’s Wireless Code, service providers cannot charge more than $100 for domestic and international data roaming within a month or per billing cycle. Service providers must also notify users when they are roaming internationally.

Secretary General Letter – Telecom – Offering Canadians more competitive, flexible, and affordable international roaming optionsComparative Analysis of International Mobile Wireless Roaming Rates of Canadian Wireless Service Providers and International CounterpartsTelecom Decision CRTC 2024-233 – Wholesale roaming service – Review of rates and rate-setting approachTelecom Information Bulletin CRTC 2024-234 – Practice and procedure for final offer arbitration to determine wholesale roaming ratesTelecom Notice of Consultation CRTC 2024-235 – Show cause and call for comments – Available footprint for Bell Mobility Inc. and TELUS Communications Inc.’s wholesale roaming services

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SOURCE Canadian Radio-television and Telecommunications Commission

HOUSTON, Oct. 7, 2024 /PRNewswire/ — Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the Company’s schedule for releasing its third quarter 2024 financial and operating results for the period ended September 30, 2024. 

The Company plans to issue its third quarter 2024 financial and operating results press release after market close on Monday, November 4, 2024, and host its earnings conference call on Tuesday, November 5, 2024, at 9:00 a.m. CST (10:00 a.m. EST).

Participants may access the call through Flotek’s website at www.flotekind.com under “News” within the Investor Relations section, by telephone toll free at 1-800-836-8184 (international toll: 1-646-357-8785), or by using the following link to access the audience view of the webcast at https://app.webinar.net/7baorgbxmJ5 approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company’s website.

About Flotek Industries, Inc.

Flotek Industries, Inc. is an advanced technology-driven, green chemical and data analytics company providing unique and innovative completion solutions that have a proven, positive impact on sustainability and reducing the overall environmental impact of energy on air, land, water and people. Flotek has an intellectual property portfolio of over 170 patents and a global presence in more than 59 countries throughout North America, Latin America, the Middle East and North Africa. Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions which improve well performance and allow its customers to generate higher returns on invested capital.

Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK”. For additional information, please visit www.flotekind.com.

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SOURCE Flotek Industries, Inc.