AmericasCorporate

Stabilis names new CEO

By LNG Prime Staff
For illustration only (Image: Stabilis)
For illustration only (Image: Stabilis)

Houston-based small-scale LNG firm Stabilis Solutions said it has appointed Westervelt Ballard, Jr., as its next president and chief executive officer.

Ballard will replace James Reddinger, who has resigned from the company to pursue other opportunities, according to a statement by Stabilis. He will also join Stabilis’ board of directors.

Simultaneously, Stabilis’ founder and executive chairman, J. Casey Crenshaw, would relinquish his operational responsibilities and become the non-executive chairman of the board, the firm said.

Prior to joining Stabilis, Ballard served as executive vice president, chief financial officer and treasurer of Superior Energy Services, a provider of rental equipment, manufactured products, and engineered & specialized services to the global energy industry.

Stabilis has this year revealed two new LNG bunkering partnerships as it looks to develop fueling infrastructure in Texas ports. These include the Port of Galveston and the Port of Corpus Christi.

Also, the firm has earlier this year bought an LNG production facility in Port Allen, Louisiana from HR Nu Blu Energy.

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