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Director Appointments

Hunting CEO to retire

07 April 2017 07:39

Hunting chief executive Dennis Proctor will step down this year when a suitable successor has been appointed.

The group said this was part of its longer term succession planning and the nomination committee had begun a process to identify a successor with both internal and external candidates being considered.

It said Proctor would remain as CEO until the appointment was made and an appropriate handover period had taken place.

Chairman Richard Hunting said: "Over the past sixteen years, Dennis has led Hunting to achieve a wide range of business successes including shareholder value creation, strategy and portfolio simplification, excellence in quality and expansion of manufacturing capacity across the globe, positioning the Company for sustained growth in future business cycles.

"His consistency in delivering higher levels of performance and his personal commitment has allowed shareholders, customers, suppliers and especially Hunting staff and managers to benefit from his leadership of the Company through these years.

"We have now begun the process of identifying a new chief executive who will continue with the strategy of growth and delivering shareholder value."

Story provided by StockMarketWire.com

Related Company: HTG

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