Hunting PLC Retirement of Dennis Proctor as Chief Executive (8531B)

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: [phone] 
  Richard Hunting - Chairman 
  Ben Willey - Company Secretary 
 Buchanan                          Tel: [phone] 
  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

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April 07, 2017 02:00 ET (06:00 GMT)