TULSA, Okla. - Helmerich & Payne , Inc. (NYSE: NYSE:HP (NYSE:HPQ)), a leader in drilling productivity and reliability, announced today that Senior Vice President and Chief Financial Officer Mark W. Smith will retire in August 2024. The company has initiated a search for Smith's successor, who will take over after a transition period. Smith will stay on as a senior advisor until December 2024 to ensure a smooth handover.
Smith has been a significant figure at Helmerich & Payne for nearly six years, contributing to the company's financial discipline and strategic organizational changes. President and CEO John Lindsay (NYSE:LNN) expressed gratitude for Smith's dedication and highlighted his role in steering the company through challenging times in the industry.
Smith reflected on his tenure with satisfaction, noting the company's strong history and achievements during his time. He expressed confidence in the company's position to continue as an industry leader after his departure.
Helmerich & Payne, founded in 1920, operates high-performance drilling rigs and develops advanced technologies in automation and directional drilling. The company prides itself on integrity, safety, and innovation, aiming to provide superior results for customers and returns for shareholders.
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