TIDMHTG
RNS Number : 1450Z
Hunting PLC
10 January 2024
10 January 2024
Hunting PLC
("Hunting" or the "Company" or the "Group")
Appointment of Chair of the Company
Hunting PLC (LSE: HTG), the precision engineering group, is
pleased to announce the appointment of Stuart M. Brightman as
non-executive Chair of the Company with effect from the conclusion
of Hunting's Annual General Meeting ("AGM") to be held on 17 April
2024.
Stuart will succeed John ("Jay") Glick who will retire at the
conclusion of the AGM, following completion of nine years' service
as a non-executive Director of the Company.
Stuart M. Brightman
Stuart was appointed as an independent, non-executive Director
on 3 January 2023 and has served on the Company's Audit, Ethics and
Sustainability, Nomination and Remuneration Committees since his
appointment to the Board.
Before joining Hunting, Stuart was Chief Executive Officer of
TETRA Technologies Inc. from 2009 to 2019. Stuart has also held
senior, international management roles within Dresser Inc. and
Cameron Iron Works. Stuart also trained as a chartered accountant
with a predecessor company of Ernst & Young.
In addition to his executive experience, Mr Brightman was a
non-executive Director of NexTier Oilfield Solutions Inc, chairing
the Nomination and Governance Committees, prior to its acquisition
by Patterson-UTI Energy Inc in 2023.
Stuart is a US citizen and is resident in Austin, Texas,
USA.
Mr Brightman will also Chair the Board's Nomination Committee
following his appointment as Chair of the Company.
Following consultation with the Remuneration Committee, Mr
Brightman's annual fee for chairing the Company and the Nomination
Committee will be GBP225,000, with effect from 17 April 2024.
Pursuant to Listing Rule 9.6.13, Mr Brightman does not hold any
other public company directorships.
Board Committees
Following his appointment as Chair of the Company and the
Nomination Committee, Mr Brightman will step down from all other
Board Committees, including Chairing the Ethics and Sustainability
Committee. Margaret Amos, whose appointment as a new, independent,
non-executive Director has been announced separately today, will
Chair the Ethics and Sustainability Committee with effect from the
2024 AGM.
From 17 April 2024, Hunting's Board Committee membership will be
as follows:
Audit Committee
Margaret Amos
Annell Bay
Carol Chesney (Committee Chair)
Paula Harris
Keith Lough
Ethics and Sustainability Committee
Margaret Amos (Committee Chair)
Annell Bay
Carol Chesney
Paula Harris
Keith Lough
Nomination Committee
Margaret Amos
Annell Bay
Stuart Brightman (Committee Chair)
Carol Chesney
Paula Harris
Keith Lough
Remuneration Committee
Margaret Amos
Annell Bay (Committee Chair)
Carol Chesney
Paula Harris
Keith Lough
Commenting on the appointment, Jay Glick remarked:
"Stuart's past experience as Chief Executive Officer of a
multi-national oilfield services company, his extensive knowledge
of both the energy industry and his understanding of managing
global manufacturing and service operations, along with his
experience on public company boards, makes him an ideal candidate
to assume the role of Company Chair to assist Jim as he leads the
Group through its next phase of growth and executes the Hunting
2030 Strategy, which was announced in September 2023."
Commenting on his appointment, Stuart M. Brightman said:
"I am delighted to be appointed as Chair of Hunting. I believe
that we have an excellent management team and, with our
market-leading technology and strong stakeholder relationships, I
am confident that we will be successful in delivering performance
and growth in the future."
For further information please contact:
Hunting PLC Tel: +44 (0) 20 7321 0123
Jay Glick, Company Chair
Ben Willey, Company Secretary
Buchanan Tel: +44 (0) 20 7466 5000
Ben Romney
Barry Archer
or
lon.IR@hunting-intl.com
Notes to Editors:
About Hunting PLC
Hunting is a global engineering group that provides
precision-engineered equipment and premium services, which add
value for our customers. Established in 1874, it is a premium
listed public company traded on the London Stock Exchange. The
Company maintains a corporate office in Houston and is
headquartered in London. As well as the United Kingdom, the Company
has operations in China, Indonesia, Mexico, Netherlands, Norway,
Saudi Arabia, Singapore, United Arab Emirates and the United States
of America.
The Group reports in US dollars across five operating segments:
Hunting Titan; North America; Subsea Technologies; Europe, Middle
East and Africa ("EMEA") and Asia Pacific.
Hunting PLC's Legal Entity Identifier is
2138008S5FL78ITZRN66.
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END
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