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Solaris Announces Transition Plan for Current Chief Operating Officer Role

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Solaris Energy Infrastructure (NYSE:SEI) has announced that Chief Operating Officer Kelly Price will retire on December 31, 2024. Price, who has been COO since early 2017, will continue to support the company during the transition period and serve as an advisor throughout 2025. Chairman and CEO Bill Zartler praised Price's contributions to Solaris, highlighting his role in driving operational efficiency and delivering strategic organic initiatives that have contributed to the company's growth and success.

The announcement comes as Solaris prepares to search for a new COO, considering both internal and external candidates. This transition plan ensures a smooth handover of responsibilities and maintains continuity in the company's operations.

Solaris Energy Infrastructure (NYSE:SEI) ha annunciato che il Chief Operating Officer Kelly Price andrà in pensione il 31 dicembre 2024. Price, che ricopre il ruolo di COO dall'inizio del 2017, continuerà a supportare l'azienda durante il periodo di transizione e fungerà da consulente per tutto il 2025. Il presidente e CEO Bill Zartler ha lodato i contributi di Price a Solaris, evidenziando il suo ruolo nel promuovere l'efficienza operativa e realizzare iniziative strategiche organiche che hanno contribuito alla crescita e al successo dell'azienda.

L'annuncio arriva mentre Solaris si prepara a cercare un nuovo COO, considerando candidati sia interni che esterni. Questo piano di transizione assicura una consegna agevole delle responsabilità e mantiene la continuità nelle operazioni dell'azienda.

Solaris Energy Infrastructure (NYSE:SEI) ha anunciado que la Directora de Operaciones Kelly Price se retirará el 31 de diciembre de 2024. Price, quien ha sido COO desde principios de 2017, continuará apoyando a la empresa durante el período de transición y servirá como asesor durante todo 2025. El presidente y CEO Bill Zartler elogió las contribuciones de Price a Solaris, destacando su papel en impulsar la eficiencia operativa y entregar iniciativas estratégicas orgánicas que han contribuido al crecimiento y éxito de la empresa.

El anuncio se produce mientras Solaris se prepara para buscar un nuevo COO, considerando tanto candidatos internos como externos. Este plan de transición asegura una entrega suave de responsabilidades y mantiene la continuidad en las operaciones de la empresa.

Solaris Energy Infrastructure (NYSE:SEI)는 운영 최고 책임자 켈리 프라이스가 2024년 12월 31일 은퇴할 것이라고 발표했습니다. 2017년 초부터 COO로 재직한 프라이스는 전환 기간 동안 회사를 지원하고 2025년 내내 자문 역할을 계속할 것입니다. 회장 겸 CEO인 빌 자틀러는 프라이스가 Solaris에 기여한 바를 칭찬하며, 운영 효율성을 촉진하고 전략적 유기적 이니셔티브를 실현하는 데 있어 그의 역할을 강조했습니다, 이는 회사의 성장과 성공에 기여했습니다.

이 발표는 Solaris가 새로운 COO를 찾기 위한 준비를 하는 가운데 이루어졌, 내부 및 외부 후보자를 모두 고려하고 있습니다. 이 전환 계획은 책임 명확한 이관을 보장하고 회사 운영의 연속성을 유지합니다.

Solaris Energy Infrastructure (NYSE:SEI) a annoncé que le directeur des opérations Kelly Price prendra sa retraite le 31 décembre 2024. Price, qui est COO depuis début 2017, continuera à soutenir l'entreprise pendant la période de transition et agira en tant que conseiller tout au long de 2025. Le président et PDG Bill Zartler a loué les contributions de Price à Solaris, soulignant son rôle dans l'optimisation de l'efficacité opérationnelle et la mise en œuvre d'initiatives stratégiques organiques qui ont contribué à la croissance et au succès de l'entreprise.

L'annonce intervient alors que Solaris se prépare à rechercher un nouveau COO, en considérant à la fois des candidats internes et externes. Ce plan de transition garantit une passation fluide des responsabilités et maintient la continuité des opérations de l'entreprise.

Solaris Energy Infrastructure (NYSE:SEI) hat bekannt gegeben, dass Geschäftsführerin Kelly Price am 31. Dezember 2024 in den Ruhestand treten wird. Price, die seit Anfang 2017 COO ist, wird das Unternehmen während der Übergangszeit weiterhin unterstützen und bis 2025 als Berater fungieren. Vorsitzender und CEO Bill Zartler lobte Prices Beiträge zu Solaris und hob ihre Rolle bei der Förderung der Betriebseffizienz und der Umsetzung strategischer organischer Initiativen hervor, die zum Wachstum und Erfolg des Unternehmens beigetragen haben.

Die Ankündigung erfolgt, während Solaris sich darauf vorbereitet, einen neuen COO zu suchen, wobei sowohl interne als auch externe Kandidaten in Betracht gezogen werden. Dieser Übergangsplan stellt eine reibungslose Übergabe von Verantwortlichkeiten sicher und gewährleistet die Kontinuität der Unternehmensabläufe.

Positive
  • Planned smooth transition with current COO staying until December 31, 2024
  • Retiring COO will serve as an advisor throughout 2025, ensuring continuity
  • Company to consider both internal and external candidates for new COO, potentially bringing fresh perspectives
Negative
  • Loss of experienced COO who has been with the company since before its IPO
  • Potential disruption in operations during leadership transition

HOUSTON--(BUSINESS WIRE)-- Solaris Energy Infrastructure, Inc. (NYSE:SEI) (“Solaris” or the “Company”) today announced that Kelly Price, Chief Operating Officer (COO), will be retiring from the Company, effective December 31, 2024. Mr. Price has served as Solaris’ COO since early 2017 and will continue to support the Company during the transition period to ensure a smooth handover of responsibilities. Upon retirement, Mr. Price will serve as an advisor to the Company throughout 2025.

"On behalf of our Board of Directors and the Company, I want to express my deepest appreciation for Kelly and his contributions to Solaris. Kelly has been an integral part of the Solaris executive team since joining us in 2017 prior to our Initial Public Offering. Kelly’s leadership in driving operational efficiency and delivering strategic organic initiatives has contributed to the overall growth and success of the Company. I wish Kelly all the best in his well-deserved retirement," Bill Zartler, Chairman and Chief Executive Officer of Solaris commented.

In connection with Mr. Price’s retirement, the Company will commence a search for a successor to the COO role and expects to consider both internal and external candidates.

About Solaris Energy Infrastructure, Inc.

Solaris Energy Infrastructure, Inc. (NYSE:SEI) provides mobile and scalable equipment-based solutions for use in distributed power generation as well as the management of raw materials used in the completion of oil and natural gas wells. Headquartered in Houston, Texas, Solaris serves multiple U.S. end markets, including energy, data centers, and other commercial and industrial sectors. For more details, visit solaris-energy.com.

Yvonne Fletcher

Senior Vice President, Finance and Investor Relations

(281) 501-3070

IR@solaris-energy.com

Source: Solaris Energy Infrastructure, Inc.

FAQ

When is Kelly Price retiring as COO of Solaris Energy Infrastructure (SEI)?

Kelly Price will retire as Chief Operating Officer of Solaris Energy Infrastructure (NYSE:SEI) on December 31, 2024.

How long has Kelly Price been COO at Solaris Energy Infrastructure (SEI)?

Kelly Price has served as Solaris Energy Infrastructure's (NYSE:SEI) Chief Operating Officer since early 2017.

What role will Kelly Price have at Solaris Energy Infrastructure (SEI) after retirement?

After retiring as COO, Kelly Price will serve as an advisor to Solaris Energy Infrastructure (NYSE:SEI) throughout 2025.

How is Solaris Energy Infrastructure (SEI) planning to replace the retiring COO?

Solaris Energy Infrastructure (NYSE:SEI) will commence a search for a successor to the COO role, considering both internal and external candidates.

Solaris Energy Infrastructure, Inc.

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