PHX Energy Announces Leadership Succession

Core Viewpoint - PHX Energy Services Corp. is undergoing a leadership transition with John Hooks moving to Executive Board Chair and Michael Buker appointed as the new CEO effective March 1, 2025, as part of a long-term succession plan to ensure continuity in business strategy and operations [1][2][3] Leadership Transition - John Hooks, the founder and current CEO, will transition to Executive Board Chair, continuing to provide mentorship and guidance to the executive team [1][3] - Michael Buker, who has been with the Corporation since 1998 and has served as President, will take over as CEO and is expected to be nominated for election to the Board at the next Annual General Meeting [1][2] Executive Team Changes - Alongside the CEO transition, Jeffery Shafer has been promoted to Chief Operating Officer and Craig Brown to Chief Technology Officer, both of whom have extensive experience within the Corporation [4][5] - The new executive team will focus on operational growth, business development, and technology strategies to maintain the Corporation's market position [4][6] Company Background - PHX Energy Services Corp. specializes in providing horizontal and directional drilling technology and services primarily in Canada and the US, and is recognized as the largest independent directional drilling company in North America [7]