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HMH Appoints New Independent Board Chair Dan Rabun to Board of Directors

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HMH has appointed Daniel "Dan" W. Rabun as Chairman of the Board of Directors, effective October 21, 2024. Rabun brings extensive leadership experience, having served as CEO, Chairman, and Board member across multiple major companies. His background includes roles at Ensco plc, Golar LNG , and ChampionX . Rabun's expertise spans legal and financial domains, complementing his industry knowledge.

Eirik Bergsvik, HMH CEO, expressed excitement about Rabun's appointment, highlighting his potential contribution to strengthening operations and exploring strategic opportunities. Rabun stated his commitment to building on HMH's strong foundation in the drilling sector and guiding the company through its next growth phase.

HMH, formed in October 2021 through a merger involving Baker Hughes (Nasdaq: BKR), is a leading provider of drilling solutions, equipment, and services for the oil and gas industry, with expanding interests in adjacent sectors like mining.

HMH ha nominato Daniel "Dan" W. Rabun come Presidente del Consiglio di Amministrazione, con effetto dal 21 ottobre 2024. Rabun porta con sé una vasta esperienza di leadership, avendo ricoperto i ruoli di CEO, Presidente e membro del Consiglio in diverse importanti aziende. La sua carriera include ruoli presso Ensco plc, Golar LNG e ChampionX. L'expertise di Rabun abbraccia i settori legale e finanziario, integrando le sue conoscenze del settore.

Eirik Bergsvik, CEO di HMH, ha espresso entusiasmo per la nomina di Rabun, sottolineando il suo potenziale contributo per rafforzare le operazioni e esplorare opportunità strategiche. Rabun ha dichiarato il suo impegno a costruire sulla solida base di HMH nel settore della perforazione e a guidare l'azienda nella sua prossima fase di crescita.

HMH, costituita nell'ottobre 2021 attraverso una fusione che ha coinvolto Baker Hughes (Nasdaq: BKR), è un fornitore leader di soluzioni, attrezzature e servizi per il settore petrolifero e del gas, con interessi in espansione anche nei settori adiacenti come quello minerario.

HMH ha nombrado a Daniel "Dan" W. Rabun como Presidente de la Junta Directiva, con efecto a partir del 21 de octubre de 2024. Rabun aporta una amplia experiencia en liderazgo, habiendo sido CEO, Presidente y miembro de la Junta en varias grandes empresas. Su trayectoria incluye roles en Ensco plc, Golar LNG y ChampionX. La experiencia de Rabun abarca los ámbitos legal y financiero, complementando su conocimiento del sector.

Eirik Bergsvik, CEO de HMH, expresó su entusiasmo por el nombramiento de Rabun, destacando su posible contribución para fortalecer las operaciones y explorar oportunidades estratégicas. Rabun declaró su compromiso de construir sobre la sólida base de HMH en el sector de perforación y guiar a la empresa a través de su próxima fase de crecimiento.

HMH, formada en octubre de 2021 a través de una fusión que involucró a Baker Hughes (Nasdaq: BKR), es un proveedor líder de soluciones, equipos y servicios para la industria del petróleo y el gas, con intereses en expansión en sectores adyacentes como la minería.

HMHDaniel "Dan" W. Rabun이사회 의장으로 임명했다고 발표했으며, 2024년 10월 21일부터 효력이 발생합니다. Rabun은 여러 대기업에서 CEO, 의장 및 이사회 멤버로 활동하며 광범위한 리더십 경험을 쌓았습니다. 그의 경력에는 Ensco plc, Golar LNGChampionX에서의 역할이 포함됩니다. Rabun의 전문 지식은 산업 지식과 결합된 법률 및 금융 분야에 걸쳐 있습니다.

Eirik Bergsvik HMH CEO는 Rabun의 임명에 대한 기대감을 표현하며, 그의 운영 강화 및 전략적 기회 탐색을 위한 기여 가능성을 강조했습니다. Rabun은 HMH의 강력한 드릴링 기반을 바탕으로 회사의 다음 성장 단계를 안내할 것에 대한 다짐을 밝혔습니다.

HMH는 Baker Hughes (Nasdaq: BKR)가 포함된 합병을 통해 2021년 10월에 설립되었으며, 석유 및 가스 산업을 위한 드릴링 솔루션, 장비 및 서비스의 주요 제공업체로, 광업과 같은 인접 분야로의 관심을 확장하고 있습니다.

HMH a nommé Daniel "Dan" W. Rabun en tant que Président du Conseil d'Administration, à compter du 21 octobre 2024. Rabun apporte une vaste expérience en leadership, ayant occupé les postes de PDG, Président et membre du Conseil dans plusieurs grandes entreprises. Son parcours comprend des rôles chez Ensco plc, Golar LNG et ChampionX. L'expertise de Rabun couvre les domaines légal et financier, complétant ses connaissances du secteur.

Eirik Bergsvik, PDG de HMH, a exprimé son enthousiasme concernant la nomination de Rabun, soulignant sa contribution potentielle à la consolidation des opérations et à l'exploration d'opportunités stratégiques. Rabun a déclaré son engagement à renforcer la solide base de HMH dans le secteur de la foration et à guider l'entreprise dans sa prochaine phase de croissance.

HMH, formée en octobre 2021 à travers une fusion impliquant Baker Hughes (Nasdaq: BKR), est un fournisseur leader de solutions, d'équipements et de services de forage pour l'industrie pétrolière et gazière, avec des intérêts en expansion dans des secteurs adjacents comme l'exploitation minière.

HMH hat Daniel "Dan" W. Rabun zum Vorsitzenden des Aufsichtsrats ernannt, wirksam ab dem 21. Oktober 2024. Rabun bringt umfangreiche Führungserfahrung mit, da er in mehreren großen Unternehmen als CEO, Vorsitzender und Aufsichtsratsmitglied tätig war. Sein beruflicher Werdegang umfasst Positionen bei Ensco plc, Golar LNG und ChampionX. Rabuns Fachwissen erstreckt sich über rechtliche und finanzielle Bereiche, was sein Branchenwissen ergänzt.

Eirik Bergsvik, CEO von HMH, äußerte sich begeistert über Rabuns Ernennung und hob dessen potenziellen Beitrag zur Stärkung der Operationen und zur Erkundung strategischer Möglichkeiten hervor. Rabun erklärte sein Engagement, auf der soliden Basis von HMH im Bohrsektor aufzubauen und das Unternehmen durch die nächste Wachstumsphase zu führen.

HMH, das im Oktober 2021 durch eine Fusion mit Baker Hughes (Nasdaq: BKR) gegründet wurde, ist ein führender Anbieter von Bohrlösungen, -ausrüstungen und -dienstleistungen für die Öl- und Gasindustrie, mit expandierenden Interessen in angrenzenden Sektoren wie dem Bergbau.

Positive
  • Appointment of experienced industry leader Dan Rabun as Board Chairman
  • Potential for strategic growth and value creation under new leadership
  • Strong foundation in the drilling sector with comprehensive product portfolio
  • Expanding into adjacent industries such as mining
Negative
  • None.

HOUSTON--(BUSINESS WIRE)-- HMH announced today 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 as CEO, Chairman, and Board member across multiple major companies. He joined Ensco plc in 2006 as President and Board member, later becoming CEO in 2007 and Chairman in 2007. He retired from Ensco in 2014 and as Chairman in 2015. He also held key positions with Golar LNG Ltd, including Chairman from 2015 to 2017, and currently serves as non-executive Chairman of ChampionX Corporation and as a Director of Borr Drilling. He has also served on the Board of APA Corporation, where he was a member of key committees until May 2024. As a former partner at Baker & McKenzie LLP, Mr. Rabun holds a CPA license and a law degree, bringing both legal and financial expertise to his extensive leadership experience.

Eirik Bergsvik, HMH Chief Executive Officer, says, “We are excited to welcome Dan Rabun to the HMH Board of Directors. His extensive industry experience will be instrumental as we continue to strengthen our operations and explore strategic opportunities. I look forward to working closely with Dan to drive long-term value for our stakeholders.”

Dan Rabun says, “I am honored to join HMH as Chairman of the Board during such an exciting time for the company. HMH has a strong foundation in the drilling sector, and I look forward to working with the Board and leadership team to build on that success, explore new opportunities, and help guide the company through its next phase of growth and strategic development in order to create value for the shareholders."

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/

Tom McGee

Chief Financial Officer

HMH Holding B.V. +1 (281) 371-4955

Source: HMH Holding B.V.

FAQ

Who is the new Chairman of the Board for HMH?

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

What is Dan Rabun's background and experience?

Dan Rabun has extensive leadership experience, having served as CEO, Chairman, and Board member across multiple major companies, including Ensco plc, Golar LNG , and ChampionX He also has legal and financial expertise as a former partner at Baker & McKenzie LLP and holds a CPA license and law degree.

When was HMH formed and how is it related to Baker Hughes (BKR)?

HMH 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.

What are HMH's main business activities?

HMH is a premier drilling solutions provider, offering a comprehensive portfolio of drilling equipment, services, and systems for oil and gas drilling operations, both offshore and onshore. They also provide aftermarket support and are expanding into adjacent industries such as mining.

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