Leadership Transition at Precision Drilling Corporation
In a significant move that marks a new chapter for Precision Drilling Corporation, Carey Ford has been appointed as President and Chief Executive Officer, succeeding Kevin Neveu, who has dedicated 18 years of leadership to the company. This decision is part of Precision's ongoing succession plan, ensuring continuity and stability within the organization.
Carey Ford's Journey with Precision
Carey Ford joined Precision in 2011 and quickly made his mark as a vital player in the company’s growth. He has held the position of Chief Financial Officer since 2016, where he played a crucial role in shaping the financial strategy of the company. Ford's tenure as CFO has been characterized by his adept handling of the company's finances, enhancing investor relations during challenging market conditions, and contributing to operational support.
Vision for the Future
Stepping into his new role, Ford expressed pride in leading Precision, stating that the organization's commitment to safety, customer service, and innovation is what makes the company a world-class entity. He is eager to guide Precision into its next phase of development, emphasizing a strong drive toward technological advancement and sustainable practices.
New Executive Appointments Strengthening Leadership
The announcement also included two pivotal leadership appointments that will contribute to Precision's strategy moving forward. Gene Stahl has been appointed Chief Operating Officer, bringing over 28 years of experience with Precision. His extensive knowledge of marketing and drilling operations is expected to bolster the company's position in the industry.
Meet the New CFO
Dustin Honing will take on the role of Chief Financial Officer after nearly 15 years with Precision. He has cultivated his career by moving up through various roles, showcasing his ability to navigate the complexities of finance and operations effectively. This duo, alongside Ford, forms a robust executive leadership team poised to drive Precision's goals.
Acknowledging Kevin Neveu’s Contributions
As Ford moves into the role of president and CEO, Neveu will remain with Precision in an advisory capacity to ensure a smooth transition. He has been instrumental in shaping the company and leaving a legacy of strong leadership and strategic direction.
About Precision Drilling Corporation
Precision Drilling Corporation is a premier provider of safe, efficient, and environmentally conscious drilling solutions. With an extensive fleet of technologically advanced drilling rigs, including their innovative Super Series, Precision stands out through its commitment to sustainable practices and excellence in service.
The company has developed an industry-leading digital technology portfolio branded as Alpha™, which incorporates advanced automation and analytics to refine drilling processes. Additionally, the EverGreen™ suite of environmental solutions further exemplifies Precision's dedication to minimizing environmental impacts while maximizing operational efficiency.
Commitment to Excellence
Precision Drilling operates with a vision to advance industry standards and deliver long-lasting value to all stakeholders. The newly appointed leadership is set to ensure that the company's trajectory remains aimed toward innovation and customer satisfaction.
Contact Precision for More Information
For further details about Precision and its services, you can reach out to Lavonne Zdunich, Vice President of Investor Relations at 403.716.4500, or visit their official website for comprehensive information.
Frequently Asked Questions
Who is the new CEO of Precision Drilling Corporation?
Carey Ford has been appointed as the new President and Chief Executive Officer of Precision Drilling Corporation.
What previous role did Carey Ford hold at Precision?
Prior to becoming CEO, Carey Ford served as the Chief Financial Officer of Precision Drilling since 2016.
Who is taking over as Chief Operating Officer at Precision?
Gene Stahl has been appointed as the new Chief Operating Officer, bringing extensive experience with the company.
What is Precision Drilling’s commitment to sustainability?
Precision Drilling is committed to providing environmentally responsible services and has developed the EverGreen™ suite of environmental solutions.
How can I find more information about Precision Drilling Corporation?
More information about Precision can be found on their official website or by contacting their investor relations department directly.
