Andrew R. Lane is the former CEO and chairman of MRC Global, a major supplier of pipe, valve, and fitting products in the oil and gas industry. He has over 30 years of experience in the sector, previously holding the...

Andrew R. Lane is the former CEO and chairman of MRC Global, a major supplier of pipe, valve, and fitting products in the oil and gas industry. He has over 30 years of experience in the sector, previously holding the role of executive vice president at Halliburton. Lane is known for his analytical approach and strong leadership skills. He earned his bachelor's degree in Business Administration and is a Southern Methodist University graduate. In 2021, he retired with a reported total compensation of over $1 million, though his earnings in 2020 were much higher at $8.4 million, largely due to performance bonuses tied to the company's success. Andrew was also known for his significant stock holdings, peaking around $12 million during pivotal moments in 2021. Under his lead, MRC Global has navigated various industry ups and downs, strengthening its market position until his retirement in 2021. Interestingly, he commanded a CEO pay ratio of 79:1 compared to the median employee in the company, which reflects the compensation structures typical in large corporations. Lane's departure marked a significant transition in the company's leadership.