Helmerich & Payne, Inc. Announces J. Kevin Vann as New Chief Financial Officer
August 05 2024 - 5:30AM
Business Wire
Helmerich & Payne, Inc. (NYSE: HP) today announced the
hiring of J. Kevin Vann as the Chief Financial Officer Designate,
effective August 5, 2024. Vann will be appointed to succeed Mark W.
Smith as Chief Financial Officer (CFO) upon Smith’s retirement from
that position, which as previously announced, will occur on August
15, 2024. Vann brings extensive public company financial and
accounting experience in the oil and gas industry, which will be
instrumental as H&P continues to grow and expand its market
presence.
Before joining H&P, he served as Chief Financial Officer at
WPX Energy, Inc. (NYSE: WPX) from 2014 to 2021. Prior to becoming
Chief Financial Officer for WPX, he served as the company’s Chief
Accounting Officer and Controller from 2012 to 2014. From 2007 to
2011, Vann served as Controller of the exploration and production
business of The Williams Companies, Inc. (NYSE: WMB) and in various
other financial and accounting roles for Williams from 1998 to
2006.
“We are excited 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 will continue to maintain and strengthen our existing
financial policies, financial strategy and performance as we look
forward to closing our planned acquisition of KCA Deutag,” said
John Lindsay, President and CEO of H&P. “H&P’s long-term
financial discipline is a cornerstone 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
delivering industry leading drilling productivity and reliability.
H&P operates with the highest level of integrity, safety and
innovation to deliver superior results for our customers and
returns for shareholders. Through its subsidiaries, the Company
designs, fabricates and operates high-performance drilling rigs in
conventional and unconventional plays around the world. H&P
also develops and implements advanced automation, directional
drilling and survey 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 facts
included in this news release are forward-looking statements.
Forward-looking statements may be identified by the use of
forward-looking terminology such as “may,” “will,” “expect,”
“intend,” “estimate,” “anticipate,” “believe,” “predict,”
“project,” “target,” “continue,” “look forward to,” or the negative
thereof or similar terminology, and include, but are not limited
to, statements regarding the expected closing of the acquisition
(the “Acquisition”) by H&P of KCA Deutag International Limited
(“KCAD”).
Forward-looking statements are based upon 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 materially from those
expressed in or implied by the forward-looking statements. Although
we believe that the expectations reflected 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 regarded as a representation that such
plans, estimates, or expectations will be achieved. Factors that
could cause actual results to differ materially from those
expressed in or implied by such forward-looking statements include,
but are not limited to: our ability and the time required to
consummate the Acquisition; and the risk that regulatory approvals
for the Acquisition are not obtained or are obtained subject to
conditions that are not anticipated.
Additional factors that could cause actual results to differ
materially from our expectations or results discussed in the
forward‑looking statements are disclosed in H&P’s 2023 Annual
Report on Form 10-K, including under Part I, Item 1A— “Risk
Factors” and Part II, Item 7— “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” thereof, as
updated by subsequent reports (including the Company’s Quarterly
Reports on Form 10-Q) we 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, express or implied, are expressly 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 available at that time. Because of the underlying risks
and uncertainties, we caution you against placing undue reliance on
these forward-looking statements. We assume no duty to update or
revise these forward-looking statements based on changes in
internal estimates, expectations or otherwise, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240805935814/en/
HP Contacts: Investor
Relations Dave Wilson, Vice President of Investor Relations
investor.relations@hpinc.com (918) 588‑5190 Media Stephanie Higgins
Director, Communications Stephanie.Higgins@hpinc.com (918)
588-2670
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