RPC, Inc. Board of Directors Appoints New Director Susan Bell

Rhea-AI Summary

RPC, Inc. (NYSE: RES) announced the appointment of Susan Bell to its Board of Directors, effective January 1, 2021. Bell had a 36-year career at Ernst and Young LLP, where she held significant leadership roles, including audit and advisory partner. Her extensive experience in financial expertise and governance is expected to enhance RPC's strategic direction. She replaces Bill J. Dismuke, who retired after 15 years. CEO Richard A. Hubbell expressed confidence in Bell's ability to contribute significantly to the Board's objectives.

Positive

• Appointment of Susan Bell adds experienced financial and governance expertise to the Board.
• Bell's background in risk management and advisory aligns with RPC's operational needs.

Negative

• Retirement of Bill J. Dismuke may create a continuity gap in the Board experienced in oilfield services.

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

Bell recently retired from Ernst and Young LLP (EY) after a 36-year career in public accounting, serving in key leadership roles. She served clients as an audit and advisory partner, led the EY Southeast Risk Advisory practice, served as the Atlanta Office Managing Partner and led EY's Power & Utilities sector focus in the Global Financial Accounting Advisory Services (FAAS) practice. Bell led and advised client service teams supporting implementation of new accounting standards, internal controls implementation and testing, internal audit and enterprise risk management programs and initiatives, securities offerings, merger and acquisition transactions, and implementing enterprise transformational initiatives such as process automation and advanced analytics.

Richard A. Hubbell, President and Chief Executive Officer, stated "We are very pleased to welcome Susan to our Board. Her financial expertise and governance experience will be valuable to RPC."

Ms. Bell fills a board vacancy arising from the recent retirement of Bill J. Dismuke.  Mr. Dismuke joined the Board of Directors in 2005 and served with distinction on the Board and several committees, including the Audit Committee.  Mr. Hubbell also expressed the Company's appreciation for Mr. Dismuke's service and gratitude for his contributions over the past 15 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-susan-bell-301193522.html

SOURCE RPC, Inc.

FAQ

Who is Susan Bell and what role has she taken at RPC, Inc.?

Susan Bell has been appointed to the Board of Directors of RPC, Inc. effective January 1, 2021.

Why did RPC, Inc. appoint Susan Bell to the Board?

RPC aims to leverage Susan Bell's extensive financial and governance expertise to enhance its strategic initiatives.

What is the significance of Bill J. Dismuke's retirement from RPC, Inc.?

Bill J. Dismuke's retirement may create a continuity gap, as he had served on the Board for 15 years, contributing valuable industry insight.

What experience does Susan Bell bring to RPC, Inc.?

Susan Bell brings 36 years of experience from Ernst and Young, focusing on audit, advisory, and risk management.