Businesswire·2025-12-11 21:05Core Viewpoint - Helmerich & Payne, Inc. announces the retirement of CEO John Lindsay and the appointment of Raymond John "Trey" Adams as the new CEO effective after the Annual Meeting on March 4, 2026, with Lindsay continuing as a senior advisor until December 2026 [1][2][3] Leadership Transition - The Board of Directors expresses confidence in Trey's promotion, highlighting his operational excellence, leadership skills, and vision for innovation and growth [2] - Adams emphasizes a commitment to safety, performance, technology, and customer partnerships, aiming for disciplined growth and long-term shareholder value [2][3] Impact of John Lindsay's Tenure - Lindsay's 12-year leadership is recognized for guiding the company through significant industry cycles and the global pandemic, strengthening its culture and financial discipline [3] - Under Lindsay, H&P became a leading land driller, expanding its global footprint and modernizing operations through strategic investments in technology [3] Company Overview - Helmerich & Payne, Inc. was founded in 1920 and focuses on delivering high levels of drilling productivity and reliability with a commitment to integrity, safety, and innovation [4] - As of November 17, 2025, H&P operates a fleet of 203 land rigs in the U.S., 137 international land rigs, and five offshore platform rigs, along with approximately 30 offshore labor contracts [4]