RPC, Inc. Board of Directors Appoints New Director Patrick J. Gunning

Rhea-AI Summary

RPC, Inc. (NYSE: RES) announced the appointment of Patrick J. Gunning to its Board of Directors, effective January 1, 2021. Gunning, who previously served as Chief Financial Officer at the Robert W. Woodruff Arts Center and held multiple leadership roles at Ernst & Young LLP, brings over 40 years of extensive financial experience. He will fill the board position left by James B. Williams, who is retiring after 36 years. President Richard A. Hubbell expressed confidence in Gunning's ability to provide valuable strategic insights.

Positive

• Appointment of Patrick J. Gunning adds significant financial expertise to the board.
• Gunning's extensive leadership experience is expected to enhance strategic decision-making.

Negative

• Retirement of long-serving board member James B. Williams may lead to continuity concerns.

ATLANTA, Dec. 15, 2020 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced the appointment of Patrick J. Gunning to the Board of Directors of the Company effective January 1, 2021. 

Gunning is the Chief Financial Officer of the Robert W. Woodruff Arts Center, Inc. in Atlanta, Georgia. Previously he held multiple leadership roles during his 40 years in public accounting prior to retirement from Ernst & Young LLP (EY) in 2020. These positions included Partner at EY, Southeast Region Leader of the Financial Accounting Advisory Services (FAAS) at EY, Assurance leader and Audit Partner for EY, Partner and Assurance Division Leader with Arthur Andersen LLP, and numerous additional regional leadership roles.  He will bring extensive financial reporting, accounting, management, and leadership experience to RPC's Board of Directors.

Richard A. Hubbell, President and Chief Executive Officer, stated "We are pleased to welcome Pat to our Board. He is an accomplished leader that will bring strategic insights to RPC."

Mr. Gunning will fill an upcoming board opening by the retirement of James B. Williams on December 31, 2020.  Mr. Williams joined the Board of Directors in 1984 and served with distinction on the Board and several committees, including the Audit Committee.  Mr. Hubbell also expressed the Company's appreciation for Mr. Williams' service and gratitude for his contributions over the past 36 years. 

RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets.  RPC's investor website can be found on the internet at RPC.net.

For information about RPC, Inc. or this event, please contact:

Ben M. Palmer
Chief Financial Officer
(404) 321-2140
irdept@rpc.net

Jim Landers
Vice President Corporate Services
(404) 321-2162
jlanders@rpc.net

View original content:http://www.prnewswire.com/news-releases/rpc-inc-board-of-directors-appoints-new-director-patrick-j-gunning-301193524.html

SOURCE RPC, Inc.

FAQ

Who is the new director appointed to RPC's Board?

Patrick J. Gunning has been appointed to RPC's Board of Directors.

When will Patrick J. Gunning join the board?

He will officially join the board on January 1, 2021.

What experience does Patrick J. Gunning bring to RPC?

Gunning has over 40 years of experience in public accounting, including leadership roles at Ernst & Young LLP.

Why is James B. Williams retiring from RPC's Board?

James B. Williams is retiring after 36 years of service on the board.

What is the significance of Patrick J. Gunning's appointment?

His appointment is expected to bring strategic insights and strengthen RPC's financial oversight.