Board of Supervisory Directors
The Company has a two-tier board structure consisting of a Management Board and a Supervisory Board, each of which must
consist of at least one member under the Company's articles of association. Under Dutch law, the Supervisory Board's duties
include supervising and advising the Management Board in performing its management tasks. The Management Board, consists of
one managing director, Core Laboratories International B.V., an affiliate of the Company. The Supervisory Board currently
consists of eight Supervisory Directors. The Supervisory Directors are expected to exercise oversight of management with the
Company's interests in mind. The Supervisory Board is divided into three classes, with each class subject to re-election every third
year by the shareholders at the annual meeting.
Mr. Lawrence Bruno serves as the Company's Chief Executive Officer and as Chairman of the Supervisory Board. Given the size of
the Company, we believe our shareholders are well served by having Mr. Bruno hold the Chief Executive Officer role along
with being Chairman of the Supervisory Board of the Company and that this is the most effective leadership
structure for us at the present time. We also note that within our industry, the common practice is for the same person to hold
both positions. We believe this structure has served us and our shareholders well for many years.
During sessions without the Chairman, Ms. Martha Carnes conducts the meetings of directors in the role of our Lead Director. The
Lead Director has leadership authority and responsibilities and sets the agenda for, and leads, all executive sessions of the
independent directors, providing consolidated feedback, as appropriate, from those meetings to the Chairman.
In its role in the risk oversight of the Company, the Supervisory Board oversees our stockholders' interest in the long-term
health and the overall success of the Company and its financial strength. The Supervisory Board is actively involved in overseeing
risk management for the Company, and each of our Supervisory Board committees considers the risks within its areas of
responsibilities. The Supervisory Board and each of our Supervisory Board committees regularly discuss with management our
major risk exposures, their potential financial impact on us and the steps we take to manage them.
On May 20, 2020, Mr. Bruno was named as Chairman and Chief Executive Officer, assuming these roles from Mr. David Demshur. Mr. Bruno has served as
President and Chief Operating Officer of Core Laboratories since January 31, 2018.
Prior to that time, Mr. Bruno served as President of the
Petroleum Services division within Core Laboratories’ Reservoir Description segment from July 2015 through January 31, 2018 and as General Manager
of U.S. Rocks from 1999 to July 2015.
Prior to joining the Company, he was employed at an oil and gas service company for 14 years before it was
acquired by Core Laboratories in 1999. Mr. Bruno received a Master’s of Science degree in Geology in 1987 from the University of Houston. He has
attended numerous investor conferences over the past few years and has begun developing relationships with the investment community.
Ms. Carnes retired from PricewaterhouseCoopers LLP (“PwC”) in June 2016, where she had a thirty-four year career with the firm. She was an Assurance
Partner serving large, publicly traded companies in the energy industry. Ms. Carnes held a number of leadership positions with PwC including the
Houston office Managing Partner. She also served as PwC’s Energy and Mining leader for the United States where she led the firm’s energy and mining
assurance, tax and advisory practices.
In these roles, she was responsible for leading the design and execution of the market and sector strategies,
business development, compensation, professional development, succession planning, and client satisfaction. As an Assurance Partner, Ms. Carnes had
vast experience with capital markets activities and was the lead audit partner on some of the largest merger and acquisition transactions completed
in the energy sector.
Ms. Carnes also served as one of PwC’s Risk Management Partners and was PwC’s United States representative on the firm’s
Global Communities Board. She is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public
Ms. Carnes is the Chairman of the Governing Board of The Greater Houston Community Foundation, and has chaired their Compensation,
Strategy, and Finance & Administration Committees. She is also a member of the Board of Trustees at Texas Children’s Hospital where she serves on
the Audit and Compliance; Operations, Planning and Development; and Risk Management and Insurance Committees. Her financial expertise and experience
in working with and auditing public companies in the energy industry, and her operational experience at PwC, a professional services firm, allow her
to provide important insight to the Company.
Gregory B. Barnett is the founder of Envestment Capital,
LLC, a privately held company that invests in entrepreneurs,
energy and energy technologies, infrastructure and
He was founder of EnerCom,
Inc., serving as its President from 1994 until 2017 when he
sold the firm. EnerCom, Inc. is a management consulting firm
serving a global oil and gas client base. In 2016, Forbes
Magazine recognized EnerCom in its inaugural list of
America’s Best Management Consulting firms. Based in
Denver, the company provided client advice and solutions in
the areas of strategic marketing, corporate structure and
capital markets, corporate valuation, and corporate
For the period of 2005 to 2015, he was a
founding partner and served as Chief Executive Officer of
Strata Capital, Inc. a U.S. broker dealer that advised and
raised capital for private oil and gas companies.
he has served as an advisor to the executive management team
and board of directors of Fortis Energy Services, a private
oilfield services company with operating rigs and equipment
in the Appalachian and Bakken basins, working directly with
the company on growth initiatives, capital investments,
revenue generation, and corporate brand building to produce
top-tier performance metrics and increase the company’s
In 2018, Mr. Barnett was added to the board of
directors of Ubiterra, a private oilfield company delivering
cloud-based technologies for geosteering, real-time drilling
data and seismic storage.
From 1988 to 1993, Mr. Barnett
served in various management positions, including
international accounting and investor relations at Maxus
Energy Company, a NYSE-listed company listed on the
Forbes 500 list. Between 1981 and 1987, he worked in
banking, oil and gas and public accounting.
earned a Bachelor of Business Administration degree from
The University of Texas, Arlington and a Master of Business
Administration from Daniels College of Business at the
University of Denver. Mr. Barnett’s extensive management
and work experience in the global oil and gas sector and his
diverse educational background allow him to provide
valuable insight on management and strategic issues.
Monique van Dijken Eeuwijk
Monique G.M. van Dijken Eeuwijk has over 20 years of experience as a lawyer and board room counsel specialized in supervisory laws and regulations
applicable to financial institutions, audit firms, auditors, their respective worldwide networks and the national professional services firms of
which they form part. Furthermore, she is an expert in the field of privacy and data protection in the broadest sense.
Mrs. van Dijken Eeuwijk started her career with Delta Lloyd, a large insurance company and was appointed Company Secretary and subsequently General
Counsel of its banking division in 1996. In 2001 she joined NautaDutilh, one of the top 5 law firms in the Netherlands. Within NautaDutilh she was
responsible for leading the Benelux Sector Team Professional Services Firms. In 2019 she founded the law firm MGM Regulatory & Governance.
Mrs. van Dijken Eeuwijk’s practice, in particular focusses on advising (i) Supervisory Boards on their various roles and how to execute and
demonstrate effective internal supervision and governance, (ii) the Managing Board on the execution of strategy; long term value creation, ESG,
external supervision and how to deal with external Supervisory Authorities. Next to that she advises and assists the Offices of the General Counsel,
the Compliance -, Risk Management – and Legal Departments on supervisory and compliance issues; in creating and enabling the provision of financial
services and the processing of personal data on a cross border global basis.
Mrs. van Dijken Eeuwijk is appointed as member of the Listed Public Entities Committee of the Royal Dutch Institute of Chartered Accountants
(‘NBA’). Furthermore, she holds the position of co-chair of the Dutch Chapter of the global Women Corporate Directors Foundation (‘WCD’). She a
member of the Women Interest Group of the International Bar Association, as well as a member of the Dutch Association of Board and Supervisory Board
Members. She is admitted to the ‘Top Women Database’ created by the Dutch Minster of Education, Culture and Science and The Confederation of
Netherlands Industry and Employers. She frequently chairs and attends meeting of these various associations and speaks to these groups on a range of
topics pertaining to corporate governance, supervision, regulatory law, diversity, ESG, privacy and data protection.
Mrs. van Dijken Eeuwijk also regularly lectures at, amongst other, the Erasmus University, Nyenrode Business University, the Vrije University, the
University of Utrecht and Hemingway Professional Governance on aforementioned topics.
Mrs. van Dijken Eeuwijk is a graduate of the University of Amsterdam where she earned a degree in European Studies as well as a degree in Dutch law.
She is a member of the Dutch Bar. She has previously also served, next to her law practice, as the assistant secretary of the Board of Disciplines
of Accountants, as a member of the Governance Risk and Compliance Committee of the NBA and was a co-author of the Journal for Accounting Law.
As a result of these professional experiences, Mrs. van Dijken Eeuwijk possesses particular knowledge and experience advising on corporate
governance and ESG matters, including risk management and analysis, that strengthen the Board’s collective qualification, skills and experience.
Mr. Klingensmith, a native of Denver, Colorado, retired from executive office at the end of January 2019 after numerous executive leadership
positions in the oil and gas industry. Mr. Klingensmith co-founded and served as Chief Executive Officer and Board member of Ajax Resources LLC
(“Ajax”), an exploration and production company focused on oil and gas development in the Permian Basin. He served as CEO from its founding in July
2015 until October, 2017, and served on the Board until its sale in 2018. As Co-Founder and Chief Executive Officer of Ajax, Mr. Klingensmith was
instrumental in successfully putting together the $425 MM financing package necessary to start Ajax; recruited key personnel needed to build and run
the business; and executed key business initiatives that resulted in production growth from 2,000 to 18,500 barrels of oil equivalent per day and
Ajax’s sale to Diamondback Energy for $1.24 billion.
Mr. Klingensmith was also President of Wyatt Energy LLC (“Wyatt”), a privately held, independent oil and gas exploration and production company
based in Houston, Texas, focused on the identification of and investment in unique opportunities in the oil and gas space, from April 2014 through
January 2018. He led this effort simultaneously with his roles at Ajax.
Mr. Klingensmith also co-founded and served as Chief Executive Officer of Spoke Resources Ltd. (“Spoke”), including its predecessor entity Stone
Mountain Resources Ltd (“Stone”), from April 2006 through August 2018. Spoke was a large natural gas production company headquartered in Calgary,
Alberta, and had its primary producing asset in NE British Columbia before its sale to Surmont Oil and Gas in 2018. During his tenure at Spoke and
Stone, Mr. Klingensmith led efforts to raise capital, headed operations and production growth as well as gained experience with financially
distressed companies during Stone’s entry into receivership and exit as Spoke before its sale to Surmont Oil and Gas in 2018.
Prior to entering the private space Mr. Klingensmith had served as President of El Paso Canada (2002-2004), Senior Vice President Worldwide
Exploration for Coastal Oil and Gas (1994-2001), and Vice President of Worldwide Exploration of Maxus Energy (1986-1993). Mr. Klingensmith received
dual Bachelor of Science degrees in Geological Engineering and Geophysical Engineering from the Colorado School of Mines in 1975. He is an active
member of the Society of Petroleum Engineers, the American Association of Petroleum Geologists and the Society of Exploration Geophysicists. Mr.
Klingensmith’s over 40 years of diverse experience in the upstream oil and gas business along with his proven leadership and executive oversight
experience make him a valuable member of our board.
After a lengthy career in oilfield services executive management, Mr. Straughen retired as an executive in 2014. His most recent executive position
was serving as an executive director of John Wood Group PLC, the UK’s leading oilfield services business, from 2007 through the end 2014, during
which time he served as Chief Executive of the Engineering Division, which had revenues of $1.8 billion and 10,000 employees. His responsibilities
included P&L results, HSSE, resourcing, customer relationships, strategic planning and growth. Importantly, his responsibility also included
approving the annual Internal Audit Plan, implementing the actions items that were identified, and chairing the audit meetings for the division with
the external auditors for the half and full years. As an Executive Director of a publicly traded company, he also had responsibilities for corporate
Following his executive roles, he now uses his extensive management experience to serve on the boards of oilfield services companies. He currently
serves on the boards of Glacier, an Aberdeen based offshore services company; Denholm Oilfield Services Group, a Glasgow based international oil and
gas service provider; ASCO, an Aberdeen based logistics support group and Core Laboratories N.V., a Dutch oil and gas service company with
operations in over fifty countries and that is listed on the NYSE and Euronext Amsterdam Exchange. Mr. Straughen currently serves as a member of the
Audit and Remuneration Committees for these four companies. He previously served from 2014-2016 on the board of GMS PLC, an Abu Dhabi based marine
services company, which is listed on the London Stock Exchange, where he also served on the Audit and Remuneration Committees.
In addition to the experience outlined above, from 1982 to 2007, he served in various roles, including as group managing director, with AMEC PLC, an
international project management and engineering services provider. Mr. Straughen, a Chartered Engineer, has served on various industry bodies and
is a mentor to small businesses. During his career he has undertaken various management and financial training courses such as The Top Management
Program, the Manager of the Future program, the Business in the Environment Program and the Role of a Non-Executive Director course. His extensive
management experience in the oil and gas sector, as well as his diverse background, enable him to provide valuable insight on management, finance,
governance and strategic issues.
Mr. Kwaku Temeng retired from Aramco Services Company (ASC) in Houston, Texas in May of 2021, where he served as Director of
Upstream since 2007. During his tenure he was responsible for managing Saudi Aramco’s upstream technology and business programs in North
America. These included cultivating business relationships, evaluating commercial opportunities, performing analyses of technology trends and best
practices, and overseeing technical studies undertaken by commercial laboratories, universities, and technology centers.
Prior to his final assignment, Mr. Temeng worked for 14 years with Saudi Aramco in Saudi Arabia where he held a variety of
professional, managerial, and advisory positions. He oversaw managing the company’s drilling budget development, coordination of petroleum
engineering studies and served as a special advisor to senior management. He was instrumental in developing the framework for Saudi Aramco’s
upstream research and development program.
In his assignments with Saudi Aramco and ASC, Mr. Temeng combined his knowledge of engineering and economics to direct production
planning, budgeting, and technical studies for the world’s largest producing company. He also administered contracts and relationships with all the
major oilfield services companies, and in the process has gained great insight from the client perspective into what drives successful relationships
between producing companies and service providers.
Before joining Saudi Aramco, Mr. Temeng worked in the U.S. as a petroleum engineer with Exxon Company USA and Mobil Oil Corporation.
Mr. Temeng earned a Bachelor’s degree in Ocean Engineering from the Massachusetts Institute of Technology (MIT), a Master’s Degree,
a Degree of Engineering and a Doctorate Degree in Petroleum Engineering from Stanford University.
He is a member of the Stanford University Earth Sciences Advisory Board, the Society of Petroleum Engineers and licensed as a
professional petroleum engineer in the State of California.