Juan Pablo Tardio to Retire in June of 2018
September 28 2017 - 6:00AM
Helmerich & Payne, Inc. (NYSE:HP) announced today that Juan
Pablo Tardio, Vice President and Chief Financial Officer, has
informed the Company of his intention to retire in June of
2018. The Company will soon begin a comprehensive search for
CFO candidates. Mr. Tardio will continue to serve in his
current role until a successor is identified and has an opportunity
to effectively transition into that position.
President and CEO John Lindsay commented, “We would like to
thank Juan Pablo for his many years of service to the Company and
contributing greatly in his seven years as CFO. He has played
an important role at a time when our Company transformed into the
clear market leader in our industry sector. His
professionalism and integrity have served and represented the
Company in outstanding fashion. We are very grateful for his
contributions, leadership and distinguished service.” Mr.
Lindsay added, “Juan Pablo’s retirement in no way represents a
shift in our general approach to the Company’s financial
management, including capital allocation.”
Mr. Tardio, who will be retiring after 17 years with the
organization, commented, "This is a great Company and I feel
privileged to be a part of it. As I also reflect on personal
life pursuits, however, I believe that the time is right for me to
retire. There is a deep sense of satisfaction for what we
have accomplished and I look forward to fully supporting the
transition to the new CFO."
About Helmerich & Payne, Inc.
Helmerich & Payne, Inc. is primarily a contract
drilling company. As of September 28, 2017, the Company’s
existing fleet includes 350 land rigs in the U.S., 38 international
land rigs, and eight offshore platform rigs. The Company’s
global fleet has a total of 388 land rigs, including 373 AC drive
FlexRigs.
Forward-Looking Statements
This release includes “forward-looking statements” within the
meaning of the Securities Act of 1933 and the Securities Exchange
Act of 1934, and such statements are based on current expectations
and assumptions that are subject to risks and uncertainties.
All statements other than statements of historical facts
included in this release, including, without limitation, statements
regarding the registrant’s future financial position, operations
outlook, business strategy, budgets, projected costs and plans and
objectives of management for future operations, are forward-looking
statements. For information regarding risks and uncertainties
associated with the Company’s business, please refer to the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of the Company’s SEC
filings, including but not limited to its annual report on
Form 10‑K and quarterly reports on Form 10‑Q. As a
result of these factors, Helmerich & Payne, Inc.’s
actual results may differ materially from those indicated or
implied by such forward-looking statements. We undertake no
duty to update or revise our forward-looking statements based on
changes in internal estimates, expectations or otherwise, except as
required by law.
Contact: Investor
Relationsinvestor.relations@hpinc.com(918) 588‑5190
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