Appointment of Chair of the Company

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 £225,000, 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 Jay Glick, Company Chair Ben Willey, Company Secretary	Tel: [phone]
Buchanan Ben Romney Barry Archer	Tel: [phone]

or

[e-mail]

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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