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Helmerich & Payne Inc Announces Chief Executive Officer Change-Form 8-K

Wednesday, 21 Aug 2013 11:36am EDT 

Helmerich & Payne Inc reported in its Form 8-K that Hans Helmerich, the Company’s Chairman and Chief Executive Officer (CEO), will retire from the position of CEO as part of a planned succession, after 33 years of distinguished service, 25 of those as CEO. His retirement will be effective upon the conclusion of the Annual Meeting of Stockholders on March 5, 2014 (2014 Annual Meeting). Mr. Helmerich will continue to serve as Chairman of the Board and will provide consulting services to the Company for a three-year period. The Company also announced that John W. Lindsay, the Company’s current President and Chief Operating Officer, will succeed Mr. Helmerich as CEO effective upon the conclusion of the 2014 Annual Meeting. In addition to the position of CEO, Mr. Lindsay will also continue to serve as the Company’s President. 

Company Quote

0.16 +0.14%
3:45pm EDT