James D. Cole Resignation Letter from Newpark Resources Board of Directors
James D. Cole formally resigns from the Board of Directors of Newpark Resources, effective immediately, and offers to resign from any other remaining positions as needed. The letter acknowledges his long tenure with the company and expresses well wishes for its future. The letter is addressed to David P. Hunt, Chairman of the Board, and copies are sent to the Corporate Secretary and Corporate Counsel.
Exhibit 10.1
James D, Cole
3 Humming Bird Road
Covington, LA 70433
October 9, 2006
David P. Hunt
Chairman of the Board
Newpark Resources
3850 N. Causeway Blvd
Metairie, LA 70002
Dear David,
I wish to make my final separation from Newpark official by resigning from the Newpark Resources Board of Directors immediately. Also, if there are any other remaining positions requiring my resignation, I will provide whatever authorization is requested.
As you know, I have devoted thirty-six years to the building of the Company. There have been both high and low periods. My separation from the Company was certainly a low period.
I believe that Newpark is blessed to have several very good businesses and many good people serving as employees. I continue to believe in the Company’s potential and wish all of you the best in realizing that future.
Sincerely,
| /s/ James D. Cole |
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| James D. Cole |
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cc: Edah Keating, Corporate Secretary
Bert Massing: Corporate Counsel
