Hunting PLC Retirement of Dennis Proctor as Chief Executive (8531B)
April 07 2017 - 2:00AM
UK Regulatory
TIDMHTG
RNS Number : 8531B
Hunting PLC
07 April 2017
For Immediate Release 7 April 2017
Hunting PLC
("Hunting" or the "Company")
Retirement of Dennis Proctor as Chief Executive
As part of Hunting's longer term succession planning, Dennis
Proctor has agreed with the Board that he will retire as Chief
Executive and step down as a Director of the Company in 2017 when a
suitable successor has been appointed.
Hunting's Nomination Committee has begun a process to identify a
successor with both internal and external candidates being
considered. Mr Proctor will remain as Chief Executive until the
appointment is made and an appropriate handover period has taken
place.
Richard Hunting, Chairman of Hunting, said:
"Over the past sixteen years, Dennis has led Hunting to achieve
a wide range of business successes including shareholder value
creation, strategy and portfolio simplification, excellence in
quality and expansion of manufacturing capacity across the globe,
positioning the Company for sustained growth in future business
cycles. His consistency in delivering higher levels of performance
and his personal commitment has allowed shareholders, customers,
suppliers and especially Hunting staff and managers to benefit from
his leadership of the Company through these years. We have now
begun the process of identifying a new Chief Executive who will
continue with the strategy of growth and delivering shareholder
value."
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of the Company is Ben Willey, Company Secretary.
For further information please contact:
Hunting PLC Tel: +44 (0) 20 7321 0123
Richard Hunting - Chairman
Ben Willey - Company Secretary
Buchanan Tel: +44 (0) 20 7466 5000
Richard Darby
Madeleine Seacombe
Notes to Editors:
About Hunting PLC
Hunting PLC is an international energy services provider to the
world's leading upstream oil and gas companies. Established in
1874, it is a premium listed public company traded on the London
Stock Exchange. The Company maintains a corporate office in Houston
and is headquartered in London. As well as the United Kingdom, the
Company has operations in Canada, China, Indonesia, Kenya, Mexico,
Netherlands, Norway, Saudi Arabia, Singapore, South Africa, United
Arab Emirates and the United States of America.
Hunting PLC's Legal Entity Identifier is
2138008S5FL78ITZRN66
This information is provided by RNS
The company news service from the London Stock Exchange
END
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