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Newly appointed Tesco President and CEO Fernando R. Assing. Image courtesy of LinkedIn.

Houston-based oilfield services company Tesco Corporation named Fernando R. Assing its new President and Chief Executive Officer.

Assign is currently the company’s Executive Vice-President and Chief Operating Officer.

Tesco’s current President and CEO Julio M. Quintana will retire in January, 2015.

However, the transition of responsibilities to Assing is planned to be completed by mid-December 2014.

Assing started at Tesco in 2009 as Senior Vice President of Marketing and Business Development.

He was promoted to Senior Vice President and Chief Operating Officer in 2011 and Executive Vice President and COO earlier this year.

Before working at Tesco, Assing served in several operational and management roles for 12 years at Houston-based services company Schlumberger and for six years at France-based services company Technip.

Tesco’s second quarter revenue was $145.1 million and its adjusted EBITDA was $30 million.