ProPetro Announces Departure of Chief Financial Officer
ProPetro Holding Corp. (NYSE: PUMP) announced that Chief Financial Officer David Schorlemer will depart effective March 3, 2025. During his 4.5-year tenure, Schorlemer led several accretive transactions, implemented a share repurchase program, and strengthened the company's finance, accounting, and technology functions.
Chief Accounting Officer Celina A. Davila, who was appointed in November 2023, will serve as interim principal financial officer until a new CFO is appointed. CEO Sam Sledge expressed confidence in the company's ability to maintain high-level execution during this transition period, citing the strong team built under Davila and Schorlemer's leadership.
ProPetro Holding Corp. (NYSE: PUMP) ha annunciato che il Chief Financial Officer David Schorlemer lascerà l'incarico a partire dal 3 marzo 2025. Durante il suo mandato di 4,5 anni, Schorlemer ha guidato diverse transazioni redditizie, implementato un programma di riacquisto di azioni e rafforzato le funzioni finanziarie, contabili e tecnologiche dell'azienda.
Il Chief Accounting Officer Celina A. Davila, nominata a novembre 2023, assumerà il ruolo di Chief Financial Officer ad interim fino alla nomina di un nuovo CFO. Il CEO Sam Sledge ha espresso fiducia nella capacità dell'azienda di mantenere un'alta qualità di esecuzione durante questo periodo di transizione, citando il forte team costruito sotto la leadership di Davila e Schorlemer.
ProPetro Holding Corp. (NYSE: PUMP) anunció que el Director Financiero David Schorlemer dejará su cargo a partir del 3 de marzo de 2025. Durante su mandato de 4,5 años, Schorlemer lideró varias transacciones rentables, implementó un programa de recompra de acciones y fortaleció las funciones de finanzas, contabilidad y tecnología de la empresa.
La Directora de Contabilidad Celina A. Davila, quien fue nombrada en noviembre de 2023, servirá como Directora Financiera principal interina hasta que se designe un nuevo CFO. El CEO Sam Sledge expresó confianza en la capacidad de la empresa para mantener una ejecución de alto nivel durante este período de transición, citando al fuerte equipo construido bajo el liderazgo de Davila y Schorlemer.
ProPetro Holding Corp. (NYSE: PUMP)는 최고 재무 책임자 David Schorlemer가 2025년 3월 3일부로 퇴사한다고 발표했습니다. Schorlemer는 4.5년 동안 여러 유익한 거래를 이끌고, 주식 매입 프로그램을 시행하며, 회사의 재무, 회계 및 기술 기능을 강화했습니다.
2023년 11월에 임명된 최고 회계 책임자 Celina A. Davila는 새로운 CFO가 임명될 때까지 임시 최고 재무 책임자로 재직할 것입니다. CEO Sam Sledge는 Davila와 Schorlemer의 리더십 아래 구축된 강력한 팀을 언급하며 이 전환 기간 동안 회사가 높은 수준의 실행을 유지할 수 있을 것이라는 확신을 표명했습니다.
ProPetro Holding Corp. (NYSE: PUMP) a annoncé que le directeur financier David Schorlemer quittera son poste à compter du 3 mars 2025. Au cours de ses 4,5 années de mandat, Schorlemer a dirigé plusieurs transactions rentables, mis en œuvre un programme de rachat d'actions et renforcé les fonctions financières, comptables et technologiques de l'entreprise.
La directrice de la comptabilité Celina A. Davila, nommée en novembre 2023, servira en tant que directrice financière principale par intérim jusqu'à la nomination d'un nouveau CFO. Le PDG Sam Sledge a exprimé sa confiance dans la capacité de l'entreprise à maintenir un niveau élevé d'exécution pendant cette période de transition, citant la solide équipe construite sous la direction de Davila et Schorlemer.
ProPetro Holding Corp. (NYSE: PUMP) gab bekannt, dass der Chief Financial Officer David Schorlemer zum 3. März 2025 ausscheiden wird. Während seiner 4,5-jährigen Amtszeit leitete Schorlemer mehrere gewinnbringende Transaktionen, implementierte ein Aktienrückkaufprogramm und stärkte die Finanz-, Buchhaltungs- und Technologiefunktionen des Unternehmens.
Die Chief Accounting Officer Celina A. Davila, die im November 2023 ernannt wurde, wird bis zur Ernennung eines neuen CFO als interimistische Hauptfinanzbeauftragte fungieren. CEO Sam Sledge äußerte Vertrauen in die Fähigkeit des Unternehmens, während dieser Übergangszeit eine hohe Ausführungsqualität aufrechtzuerhalten, und verwies auf das starke Team, das unter der Leitung von Davila und Schorlemer aufgebaut wurde.
- Successful share repurchase program implementation
- Strong finance, accounting, and technology infrastructure development
- Seamless transition plan with experienced interim financial officer
- Loss of experienced CFO after 4.5 years
- Leadership uncertainty during transition period
Sam Sledge, Chief Executive Officer said: “I want to thank David for his dedicated service to the Company for the past four and a half years. David has brought stability, experience and a strong commercial mindset to our executive team. Through his leadership, we have executed several accretive transactions, instituted a successful share repurchase program and developed deep and talented finance, accounting and technology functions. We are immediately commencing a search for David’s replacement. I want to wish David success in his future endeavors.”
Celina A. Davila, currently the Chief Accounting Officer and principal accounting officer of the Company, will additionally assume the role of principal financial officer of the Company on an interim basis until a new Chief Financial Officer is appointed, effective as of the Separation Date.
Mr. Sledge commented: “Celina is a key part of our leadership team and has led impressive development of our accounting function since her appointment as Chief Accounting Officer in November 2023. With the strong team she and David have helped to build, I am confident in our ability to continue to execute at a high level through this transitional period.”
About ProPetro
ProPetro Holding Corp. is a
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Investor Contact:
Matt Augustine
Vice President, Finance and Investor Relations
matt.augustine@propetroservices.com
432-219-7620
Source: ProPetro Holding Corp.
FAQ
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