Helmerich & Payne, Inc. Announces Death of Chairman Walter H. Helmerich, III
January 10 2012 - 4:59PM
Walter H. Helmerich, III, businessman, civic leader and
philanthropist, passed away peacefully on January 10, 2012. Born on
January 12, 1923 in Tulsa to Walter H. Helmerich (co-founder of
Helmerich & Payne, Inc.) and Cadijah Colcord (daughter of
Charles Francis Colcord, a pioneer Oklahoma City oil producer and
real estate developer).
Walt Helmerich is survived by his loving wife of 60 years,
former actress Peggy Dow; his five sons: Rik Helmerich and wife
Janell, Zak Helmerich, Matthew Helmerich, Hans Helmerich and wife
Lea, and Jono Helmerich and wife Jenny; 12 grandchildren: Jordan
Helmerich and wife Jade, Erika Massey and husband Aaron; Zak
Helmerich, Ana Helmerich, Isaac Helmerich, Shelby Rice and husband
Dan, Max Helmerich, Sunday Helmerich, Hailey Helmerich, Stacey
Helmerich, Audrey Helmerich and David Helmerich; one
great-grandson: Henry James Massey. Preceding him in death are his
parents and a sister, Cadijah Patterson.
Helmerich received a BA from The University of Oklahoma in 1948
and an MBA from Harvard University in 1950. He joined
Helmerich & Payne, Inc. in 1950 and became President in
1960. He led the Company until 1989, when his son, Hans, was
named CEO. He retained the role of Chairman and served in that
position for the last 22 years. Now in its 92nd year, the
Company is the largest active provider of land drilling rigs in the
U.S.
Helmerich's other business and corporate affiliations include
Director Emeritus of Atwood Oceanics, Inc., The Northwestern Mutual
Life Insurance Company, Bank One, Oklahoma, N.A., Caterpillar Inc.,
Combustion Engineering, Inc. and Whitman Corporation.
Helmerich was Chairman of the Tulsa Park and Recreation Board
for 17 years and served on various civic and charitable
organizations.
Helmerich was the sole trustee of The Helmerich Foundation,
which was created in 1965. Over the ensuing decades,
Helmerich's legacy of giving supported numerous civic, cultural,
health and educational organizations primarily in the Tulsa
area. His philosophy was always a simple one: "If you are
fortunate to be in a position where you can give, that's a
blessing."
Services will be held this Friday at 2 p.m. at Boston Avenue
United Methodist Church. In lieu of flowers, please donate to
Park Friends, Inc. or the charity of your choice.
CONTACT: roberta.montgomery@hpinc.com
Helmerich and Payne (NYSE:HP)
Historical Stock Chart
From Apr 2024 to May 2024
Helmerich and Payne (NYSE:HP)
Historical Stock Chart
From May 2023 to May 2024