STOCK TITAN

Akastor ASA: HMH appoints Dan Rabun as Chairman of the Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management

Akastor ASA's 50% owned affiliate HMH Holding B.V. (HMH) has appointed Daniel "Dan" W. Rabun as Chairman of the Board of Directors, effective October 21, 2024. Mr. Rabun brings extensive leadership experience from various industries, having held key roles at major companies like Ensco plc, Golar LNG , ChampionX , Borr Drilling, and APA

HMH, formed in October 2021 through the merger of Baker Hughes' Subsea Drilling Systems business and Akastor ASA's MHWirth AS, is a leading provider of drilling solutions. The company offers a comprehensive portfolio of drilling equipment, services, and systems for oil and gas operations, both offshore and onshore. HMH is also expanding its offerings to adjacent industries such as mining.

L'affiliata di Akastor ASA, HMH Holding B.V. (HMH), di cui detiene il 50%, ha nominato Daniel "Dan" W. Rabun come Presidente del Consiglio di Amministrazione, con effetto dal 21 ottobre 2024. Il signor Rabun porta un'ampia esperienza di leadership da vari settori, avendo ricoperto ruoli chiave in importanti aziende come Ensco plc, Golar LNG, ChampionX, Borr Drilling e APA.

HMH, costituita nell'ottobre 2021 attraverso la fusione del business Subsea Drilling Systems di Baker Hughes e di MHWirth AS di Akastor ASA, è un fornitore leader di soluzioni di perforazione. L'azienda offre un portafoglio completo di attrezzature, servizi e sistemi di perforazione per le operazioni di petrolio e gas, sia offshore che onshore. HMH sta anche espandendo le sue offerte in settori vicini come l'estrazione mineraria.

La afiliada de Akastor ASA, HMH Holding B.V. (HMH), de la que posee el 50%, ha nombrado a Daniel "Dan" W. Rabun como Presidente de la Junta Directiva, con efecto a partir del 21 de octubre de 2024. El Sr. Rabun aporta una amplia experiencia en liderazgo de diversas industrias, habiendo desempeñado roles clave en importantes empresas como Ensco plc, Golar LNG, ChampionX, Borr Drilling y APA.

HMH, formada en octubre de 2021 a través de la fusión del negocio de Sistemas de Perforación Submarina de Baker Hughes y MHWirth AS de Akastor ASA, es un proveedor líder de soluciones de perforación. La empresa ofrece un portafolio completo de equipos, servicios y sistemas de perforación para operaciones de petróleo y gas, tanto en alta mar como en tierra. HMH también está expandiendo su oferta a industrias adyacentes como la minería.

Akastor ASA의 50% 출자 자회사인 HMH Holding B.V. (HMH)는 다니엘 "댄" W. 라반을 이사회 의장으로 임명했습니다, 2024년 10월 21일부터 효력이 발생합니다. 라반 씨는 Ensco plc, Golar LNG, ChampionX, Borr Drilling 및 APA와 같은 주요 회사에서 주요 직책을 맡으면서 다양한 산업에서의 폭넓은 리더십 경험을 가지고 있습니다.

HMH는 2021년 10월 Baker Hughes의 수중 굴착 시스템 사업부와 Akastor ASA의 MHWirth AS의 합병을 통해 설립된 굴착 솔루션의 선두 제공업체입니다. 이 회사는 해양과 육상에서 석유 및 가스 작업을 위한 포괄적인 굴착 장비, 서비스 및 시스템 포트폴리오를 제공합니다. HMH는 또한 채굴과 같은 인접 산업으로 제품을 확대하고 있습니다.

La filiale de 50 % d'Akastor ASA, HMH Holding B.V. (HMH), a nommé Daniel "Dan" W. Rabun comme Président du Conseil d'Administration, à compter du 21 octobre 2024. M. Rabun apporte une vaste expérience de direction dans divers secteurs, ayant occupé des postes clés dans des entreprises majeures telles qu'Ensco plc, Golar LNG, ChampionX, Borr Drilling et APA.

HMH, créée en octobre 2021 par la fusion de l'activité de systèmes de forage sous-marins de Baker Hughes et de MHWirth AS d'Akastor ASA, est un fournisseur leader de solutions de forage. L'entreprise propose un portefeuille complet d'équipements, de services et de systèmes de forage pour des opérations pétrolières et gazières, tant offshore qu'onshore. HMH élargit également son offre à des industries connexes telles que l'exploitation minière.

Die zu 50 % im Besitz von Akastor ASA stehende Tochtergesellschaft HMH Holding B.V. (HMH) hat Daniel "Dan" W. Rabun zum Vorsitzenden des Vorstands ernannt, mit Wirkung zum 21. Oktober 2024. Herr Rabun bringt umfangreiche Führungserfahrung aus verschiedenen Branchen mit und hat Schlüsselpositionen in großen Unternehmen wie Ensco plc, Golar LNG, ChampionX, Borr Drilling und APA gehalten.

HMH, die im Oktober 2021 durch die Fusion des Geschäftsbereichs Subsea Drilling Systems von Baker Hughes und MHWirth AS von Akastor ASA gegründet wurde, ist ein führender Anbieter von Bohrlösungen. Das Unternehmen bietet ein umfassendes Portfolio an Bohrgeräten, Dienstleistungen und Systemen für Öl- und Gasoperationen sowohl offshore als auch onshore. HMH erweitert auch sein Angebot auf angrenzende Branchen wie den Bergbau.

Positive
  • Appointment of an experienced industry leader as Chairman
  • HMH's strong position as a premier drilling solutions provider
  • Diversification into adjacent industries like mining
Negative
  • None.

FORNEBU, Norway, Oct. 21, 2024 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has today announced that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024.

Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles such as CEO, Chairman, and Board member at major companies, including Ensco plc, Golar LNG Ltd, ChampionX Corporation, Borr Drilling, and APA Corporation.

A copy of HMH's announcement with further details can be found on their webpage; https://hmhw.com/news/.

For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
Oyvind.paaske@akastor.com 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About HMH

HMH is a premier drilling solutions provider, which was formed as an independent company in October 2021 through the merger of Baker Hughes' (Nasdaq: BKR) Subsea Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS. HMH is a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. HMH's global reach, technical expertise and innovative product offerings, coupled with its integrated operations from manufacturing to aftermarket services, allow HMH to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment it provides. In addition, HMH is growing its portfolio of products and services to adjacent industries, such as mining. The complexity and criticality of HMH's installed equipment drive customers to choose HMH for their aftermarket support, particularly in the offshore environment, which is subject to extensive regulation. For further information, please visit homepage: https://hmhw.com/ 

About Akastor

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.

This information was brought to you by Cision http://news.cision.com

 

Cision View original content:https://www.prnewswire.com/news-releases/akastor-asa-hmh-appoints-dan-rabun-as-chairman-of-the-board-of-directors-302281834.html

SOURCE Akastor ASA

FAQ

Who is the new Chairman of HMH's Board of Directors?

Daniel "Dan" W. Rabun has been appointed as the new Chairman of HMH's Board of Directors, effective October 21, 2024.

What is HMH's relationship with Akastor ASA?

HMH Holding B.V. is a 50% owned affiliate of Akastor ASA.

When was HMH formed and through what merger?

HMH was formed in October 2021 through the merger of Baker Hughes' Subsea Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS.

What industries does HMH serve beyond oil and gas?

HMH is expanding its portfolio of products and services to adjacent industries, such as mining.

Baker Hughes Company

NASDAQ:BKR

BKR Rankings

BKR Latest News

BKR Stock Data

42.94B
988.29M
0.12%
98.01%
1.64%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
Link
United States of America
HOUSTON