Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Helmerich & Payne CEO to Retire, Lindsay to Take Over

(Corrects name of company co-founder in second paragraph.)

Aug. 21 (Bloomberg) -- Helmerich & Payne Inc., the largest onshore drilling rig contractor in the U.S., said Chief Executive Officer Hans Helmerich will retire in March and Chief Operating Officer John W. Lindsay will take over.

Helmerich will remain as chairman and has a three-year consultancy agreement, the company said in a statement today. The grandson of company co-founder Walter Helmerich, Hans Helmerich has been CEO since 1989. He said the decision to step down after 25 years in charge was made with the board four years ago.

Lindsay, 52, was promoted to president and COO last year and has been with the Tulsa, Oklahoma-based company since 1987.

To contact the reporter on this story: Tina Davis in New York at tinadavis@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.