Lee Rowe Appointed as Chief Executive Officer of Rapid Rod Service

Lee Rowe Appointed as Chief Executive Officer of Rapid Rod Service

August 15, 2014 – The Board of Directors of Rapid Rod Service, Ltd (“Rapid Rod”) is pleased to announce the appointment of Lee Rowe as Chief Executive Officer. Mr. Rowe has over 30 years of operational and executive management experience. Most recently Mr. Rowe was interim CEO at Elite Production Services, another portfolio company of Pelican Energy Partners LP (“Pelican”) where he was successful in leading the company in a challenging market, establishing a growth trajectory and identifying a long term successor. He has led several oilfield services companies that deliver above-ground and down-hole services. He was the General Manager of a business unit of Flowserve Corporation that designed, manufactured and serviced Valtek Control Valves for the oil and gas, chemical and power generation industries. Earlier in his career he led a major LNG pump and infrastructure manufacturer. Mr. Rowe has also managed businesses that design and manufacture pumps and valves for handling downstream petroleum products. Mr. Rowe holds MBA and a BS in Mechanical Engineering.