Nine Energy Service reshapes board, appoints new directors

HOUSTON - Nine Energy Service, Inc. (NYSE: NINE), an oilfield services company tracked by InvestingPro, has recently announced a strategic reshaping of its Board of Directors. The board has decided to reduce its size from eight to six members by the end of the year and change its composition to align with the company’s strategic priorities. As part of this reorganization, Mr. Ernie Danner, Mr. Andy Waite, and Mr. Curtis Harrell resigned from their director positions effective February 28, 2025.

In their stead, Ms. Julie Peffer and Mr. Richard Burnett were unanimously appointed as new directors. Ms. Peffer began her service on March 1, 2025, and Mr. Burnett is set to commence on May 3, 2025. Ms. Peffer serves as the CFO of BigBear.ai and brings a wealth of financial and leadership experience across various industries. Mr. Burnett, currently the President and CEO of Silver Creek Exploration, offers extensive business and financial expertise from his work in the oil and gas sector.

The Board also elected Mr. Scott E. Schwinger as the new Chairman, effective March 1, 2025, and appointed Mr. Darryl Willis as Chair of the NG&C Committee. These changes come with no alterations to the current senior management team.

Mr. Schwinger expressed optimism about the new appointments, citing the valuable financial and operational leadership skills that Ms. Peffer and Mr. Burnett will contribute. Former Chair Ernie Danner expressed his confidence in the new Board, highlighting the culture of work ethic, innovation, and integrity at Nine.

Additional changes are expected later this year, with Mr. Gary Thomas planning to resign on May 2, 2025, and Mr. Mark Baldwin on August 1, 2025. Mr. Burnett will then take over as Chair of the Audit Committee, and one more director with upstream oil and gas expertise is anticipated to join, finalizing the board’s size at six members.

Nine Energy Service specializes in completion solutions and is known for its commitment to client service and technology-driven efficiencies. The company has a global presence and is headquartered in Houston, Texas.

This news is based on a press release statement from Nine Energy Service, Inc.

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