Parker Drilling announces departure of senior vice president and CFO

Parker Drilling Company, a drilling contractor, has announced the departure of Kirk Brassfield, senior vice president and CFO, effective April 30, 2013.

Mr Brassfield will continue his duties as senior vice president and CFO during a transition period extending through April 30, 2013, unless his successor is located and the transition period is completed before that date, the company said.

"We are grateful to Kirk for his service to Parker Drilling and the leadership he has demonstrated since joining the Company in 1998," said Robert L. Parker Jr., the Company's executive chairman of the Board. "Our organization has benefited enormously from Kirk's financial and business expertise over his fifteen year tenure with the Company. On behalf of the entire organization, we thank Kirk for his many contributions and wish him well in all his future endeavors."