NuTec Sciences names key industry leader as President and CEOHouston 24 October 2001 In a strategic move, NuTec Sciences Inc. has appointed Richard C. White as President and Chief Executive Officer of NuTec Energy Services Inc. Thomas M. LaHouse, current president, will assume the duties of Chief Operations Officer responsible for daily operations and technology development. NuTec Energy Services provides advanced seismic imaging solutions to the oil and gas industry, using massively parallel supercomputing technology.
Mr. White most recently served as Director and CEO for Veritas Geophysical Company and was President of Western Geophysical Company from 1995 to 1999. During his tenure at Western, Mr. White virtually doubled annual revenues.
"I am very excited about NuTec Energy's innovative business model and the way it addresses clients seismic imaging needs", stated Mr. White. Mr. White will be charged with strategic planning and expanding NuTec's realm of influence in the seismic market place.
Founded as a software company in 1995, NuTec Sciences Inc. is the holding company for three high tech business units: NuTec Energy Services Inc., NuTec Health Systems Inc., and Xemplar BioSciences Inc. All three business units offer technology based upon Massively Parallel Computing (MPC), utilising two supercomputers with over 7.5 teraflops of compute power.
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