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ION Geophysical Corporation (IO)

NYSE - NYSE Delayed Price. Currency in USD
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1.3000-0.0400 (-2.99%)
At close: 4:00PM EDT

ION Geophysical Corporation

2105, CityWest Boulevard
Suite 100
Houston, TX 77042-2855
United States
281 933 3339
http://www.iongeo.com

Sector(s)Energy
IndustryOil & Gas Equipment & Services
Full Time Employees400

Key Executives

NameTitlePayExercisedYear Born
Mr. Christopher T. UsherCEO, Pres & Director460.14kN/A1961
Mr. Michael L. MorrisonExec. VP & CFO283kN/A1971
Mr. Matthew R. PowersExec. VP, Gen. Counsel & Corp. Sec.242.63kN/A1976
Mr. Kenneth G. WilliamsonExec. VP of Innovation & Strategic Marketing343.61kN/A1965
Mr. Dale J. LambertExec. VP of EPTS263.72kN/A1959
Ms. Rachel WhiteVP of Corp. CommunicationsN/AN/AN/A
Ms. Lisa RuizSr. VP of Global HRN/AN/AN/A
Ms. Sheila M. RodermundExec. VP of Operations OptimizationN/AN/A1962
Mr. Scott P. SchwauschVP of Fin. & Corp. ControllerN/AN/A1975
Amounts are as of December 31, 2020 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide. The company operates through two segments, E&P Technology & Services and Operations Optimization. The E&P Technology & Services segment creates digital data assets and delivers services to help E&P companies improve decision-making and reduce risk. This segment includes two synergistic groups, imaging and reservoir services, and ventures. The company's Imaging and Reservoir Services group provides data processing, imaging, and reservoir services that improve image quality and subsurface insights, helping E&P companies reduce exploration and production risk, evaluate and develop reservoirs, and increase production. Its Imaging and Reservoir Services group develops and applies proprietary processing algorithms through its imaging engine to data owned or licensed by its customers to translate raw data into subsurface images. The Operations Optimization segment develops mission-critical subscription offerings and provides engineering services that enable operational control and optimization offshore. This segment includes the company's Optimization Software & Services and Devices offerings. The company's Optimization Software & Services group provides survey design, command, and control software systems and related services for marine towed streamer and seabed operations. Its Devices offerings group develops intelligent equipment controlled by its software to optimize operations. The company sells its services and products through a direct sales force consisting of employees and international third-party sales representatives. ION Geophysical Corporation was formerly known as Input/Output, Inc. and changed its name to ION Geophysical Corporation in 2007. The company was founded in 1968 and is headquartered in Houston, Texas.

Corporate Governance

ION Geophysical Corporation’s ISS Governance QualityScore as of July 1, 2021 is 4. The pillar scores are Audit: 6; Board: 3; Shareholder Rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.