David Demshur served as the CEO of Core Laboratories Inc. from January 2006 until May 2020. With a background in engineering, he brought over four decades of experience to the company. He joined Core Labs in 1979 and climbed through...
David Demshur served as the CEO of Core Laboratories Inc. from January 2006 until May 2020. With a background in engineering, he brought over four decades of experience to the company. He joined Core Labs in 1979 and climbed through various roles, coating a strong domain knowledge in the oil and gas industry. His leadership spanned tough market conditions, showing a steady commitment to the company’s long-term vision. Under his watch, Demshur focused on performance metrics in revenue and operating margins, which were crucial for the business's success. He also participated in several performance-based stock compensation plans. Interestingly, in his 14 years as CEO, his annual total compensation topped $12.5 million in 2020, showcasing the financial complexities at play in executive roles. As his time at Core Labs ended, he accelerated his retirement amidst a broader corporate strategy shift, handing over leadership to Lawrence Bruno. Even after he stepped down, Demshur’s extensive experience could still benefit the company until his final retirement date in 2020. He's connected with industry organizations like the Society of Petroleum Engineers, reflecting his deep integration into his field.