Helmerich & Payne, Inc. Announces J. Kevin Vann as New Chief Financial Officer
Helmerich & Payne (NYSE: HP) has announced the appointment of J. Kevin Vann as Chief Financial Officer Designate, effective August 5, 2024. Vann will succeed Mark W. Smith as CFO upon Smith's retirement on August 15, 2024. Vann brings extensive public company financial and accounting experience in the oil and gas industry, having previously served as CFO at WPX Energy from 2014 to 2021. His background in M&A is expected to be valuable as H&P looks to close its planned acquisition of KCA Deutag.
John Lindsay, President and CEO of H&P, expressed confidence that Vann's leadership will maintain and strengthen the company's financial policies, strategy, and performance. H&P, founded in 1920, is committed to delivering industry-leading drilling productivity and reliability, operating with integrity, safety, and innovation.
Helmerich & Payne (NYSE: HP) ha annunciato la nomina di J. Kevin Vann come Chief Financial Officer Designato, a partire dal 5 agosto 2024. Vann succederà a Mark W. Smith come CFO al momento della pensione di Smith, prevista per il 15 agosto 2024. Vann porta con sé una vasta esperienza finanziaria e contabile in aziende pubbliche nel settore petrolifero e del gas, avendo precedentemente ricoperto il ruolo di CFO presso WPX Energy dal 2014 al 2021. La sua esperienza in fusioni e acquisizioni è ritenuta preziosa mentre H&P si prepara a concludere l'acquisizione pianificata di KCA Deutag.
John Lindsay, Presidente e CEO di H&P, ha espresso fiducia che la leadership di Vann manterrà e rafforzerà le politiche, la strategia e le performance finanziarie dell'azienda. H&P, fondata nel 1920, è impegnata a garantire una produttività e affidabilità nelle perforazioni senza pari nel settore, operando con integrità, sicurezza e innovazione.
Helmerich & Payne (NYSE: HP) ha anunciado el nombramiento de J. Kevin Vann como Director Financiero Designado, a partir del 5 de agosto de 2024. Vann sucederá a Mark W. Smith como CFO tras la jubilación de Smith el 15 de agosto de 2024. Vann aporta una amplia experiencia financiera y contable en empresas públicas dentro de la industria del petróleo y el gas, habiendo sido CFO de WPX Energy de 2014 a 2021. Su experiencia en fusiones y adquisiciones se considera valiosa mientras H&P se prepara para cerrar la adquisición planeada de KCA Deutag.
John Lindsay, Presidente y CEO de H&P, expresó confianza en que el liderazgo de Vann mantendrá y fortalecerá las políticas, la estrategia y el rendimiento financiero de la empresa. H&P, fundada en 1920, está comprometida a ofrecer una productividad y fiabilidad en perforaciones líderes en la industria, operando con integridad, seguridad e innovación.
헬머리히 & 페인(뉴욕증권거래소: HP)은 J. Kevin Vann을 최고재무책임자(CFO) 후임으로 임명한다고 발표했으며, 임기는 2024년 8월 5일부터 시작된다. Vann은 2024년 8월 15일 Smith의 은퇴 후 CFO로 취임하게 된다. Vann은 2014년부터 2021년까지 WPX Energy의 CFO로 재직하며 석유 및 가스 산업에서의 공기업 재무 및 회계 경험을 가져왔다. H&P가 계획된 KCA Deutag 인수를 마무리하려는 가운데 그의 M&A 경험이 큰 도움이 될 것으로 예상된다.
H&P의 회장 겸 CEO인 John Lindsay는 Vann의 리더십이 회사의 재무 정책, 전략 및 성과를 유지하고 강화할 것이라고 확신한다고 밝혔다. 1920년에 설립된 H&P는 업계 최고의 시추 생산성과 신뢰성을 제공하기 위해 노력하고 있으며, 정직, 안전 및 혁신을 바탕으로 운영하고 있다.
Helmerich & Payne (NYSE: HP) a annoncé la nomination de J. Kevin Vann en tant que directeur financier désigné, à compter du 5 août 2024. Vann succédera à Mark W. Smith en tant que CFO lors du départ à la retraite de Smith, prévu pour le 15 août 2024. Vann possède une vaste expérience en finance et comptabilité d'entreprise publique dans l'industrie pétrolière et gazière, ayant précédemment été CFO chez WPX Energy de 2014 à 2021. Son expérience en fusions et acquisitions devrait être précieuse alors que H&P cherche à finaliser son acquisition prévue de KCA Deutag.
John Lindsay, président et PDG de H&P, a exprimé sa confiance que le leadership de Vann maintiendra et renforcera les politiques financières, la stratégie et la performance de l'entreprise. Fondée en 1920, H&P s'engage à offrir une productivité et une fiabilité en matière de forage parmi les meilleures de l'industrie, opérant avec intégrité, sécurité et innovation.
Helmerich & Payne (NYSE: HP) hat die Ernennung von J. Kevin Vann zum designierten Finanzvorstand bekannt gegeben, die am 5. August 2024 wirksam wird. Vann wird Mark W. Smith als CFO nach Smiths Pensionierung am 15. August 2024 nachfolgen. Vann bringt umfangreiche Erfahrungen in den Bereichen Finanzen und Rechnungswesen in Unternehmen des öffentlichen Sektors in der Öl- und Gasindustrie mit, da er zuvor von 2014 bis 2021 CFO bei WPX Energy war. Sein Hintergrund in M&A wird als wertvoll erachtet, da H&P plant, die geplante Übernahme von KCA Deutag abzuschließen.
John Lindsay, Präsident und CEO von H&P, äußerte, dass er zuversichtlich ist, dass Vanns Führung die finanziellen Richtlinien, Strategien und Leistungen des Unternehmens aufrechterhalten und stärken wird. H&P, gegründet im Jahr 1920, hat sich verpflichtet, eine branchenführende Bohrproduktivität und Zuverlässigkeit zu liefern und handelt dabei mit Integrität, Sicherheit und Innovation.
- Appointment of experienced CFO with extensive oil and gas industry background
- New CFO's M&A experience aligns with company's acquisition plans
- Smooth transition plan for CFO succession
- None.
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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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
Source: Helmerich & Payne, Inc.
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