TULSA, Okla., August 05, 2024–(BUSINESS WIRE)–Helmerich & Payne, Inc. (NYSE: HP) today announced the appointment of J. Kevin Vann as Chief Financial Officer, effective August 5, 2024. Vann will succeed Mark W. Smith as Chief Financial Officer Chief Financial Officer (CFO) upon Smith’s retirement, which as previously announced, will take place on August 15, 2024. Vann brings extensive financial and public company accountability experience to the oil and gas industry. , will be as important as H&P. continues to grow and expand its market presence.
Prior to joining H&P, he served as Chief Financial Officer of WPX Energy, Inc. (NYSE: WPX) from 2014 to 2021. Prior to becoming WPX’s Chief Financial Officer, he served as the company’s Chief Financial Officer and CEO from 2012 to 2014. From 2007 to 2011, Vann served as Director of the research and development business of The Williams Companies, Inc. (NYSE: WMB) and in various other finance and accounting roles for Williams from 1998 to 2006.
“We are pleased to welcome Kevin to the H&P team. His experience and vision align with our company’s strategic goals. With Kevin’s background in M&A we are confident that his leadership “We will continue to maintain and strengthen our existing financial, strategic and operational strategies as we look forward to closing our proposed acquisition of KCA Deutag,” said John Lindsay, President and CEO of H&P. “H&P’s long-term financial direction is the foundation of our ability to fulfill our commitments to customers, shareholders and employees.”
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to providing productivity and reliability to the drilling industry. H&P operates with the highest integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, manufactures and operates high-performance drilling equipment in both conventional and unconventional sports around the world. H&P also develops and deploys advanced automated, directional drilling and discovery management technologies. For more information, visit www.helmerichpayne.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this news release are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as “may,” “will,” “expect,” “responsible,” “estimate,” “anticipate,” “believe,” “predict ,” ” plan,” “goal,” “proceed,” “expect,” or negative or similar terms, and includes, but is not limited to, statements regarding the expected closing of the acquisition ( “Acquisition”) by H&P. of KCA Deutag International Limited (“KCAD”).
Forward-looking statements are based on current plans and expectations that are subject to risks, uncertainties, and assumptions, many of which are beyond our control and any of which could cause actual results to differ. different from what is expressed or implied by the first- to look at the sentences. Although we believe that the expectations expressed in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. The inclusion of such statements should not be construed as an indication that such plans, estimates, or expectations will be achieved. Factors that could cause actual results to differ from those expressed or implied by such forward-looking statements include, but are not limited to: our ability and the time required to complete the Acquisition; and the risk that regulatory approvals for the Acquisition are not obtained or are obtained under unforeseen circumstances.
Other factors that could cause actual results to differ materially from our expectations or the results discussed in the forward-looking statements are disclosed in H&P’s 2023 Annual Report on Form 10-K, included under Part I, Item 1A- “Risk Factors” and Part II. , Item 7- “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as amended by subsequent reports (including the Company’s Quarterly Reports on Form 10-Q) we they file with the Securities and Exchange Commission. All forward-looking statements included in this news release and all subsequent written and oral forward-looking statements, expressed or implied, are qualified in their entirety by these cautionary statements. All forward-looking statements speak only as of the date they are made and are based on information then available. Because of the inherent risks and uncertainties, we caution you against placing undue reliance on these forward-looking statements. We undertake no obligation to update or update these forward-looking statements based on changes in internal estimates, expectations or otherwise, except as required by law.
Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20240805935814/en/
Names
HP Names:
Investor Relations
Dave Wilson, Vice President of Investor Relations
investor.relations@hpinc.com
(918) 588-5190
The media
Stephanie Higgins
Director, Communications
Stephanie.Higgins@hpinc.com
(918) 588-2670
#Helmerich #Payne #Announcing #Kevin #Vann #Chief #Financial #Officer