Akastor ASA: HMH appoints Dan Rabun as Chairman of the Board of Directors
Rhea-AI Summary
Akastor ASA's 50% owned affiliate HMH Holding B.V. (HMH) has appointed Daniel "Dan" W. Rabun as Chairman of the Board of Directors, effective October 21, 2024. Mr. Rabun brings extensive leadership experience from various industries, having held key roles at major companies like Ensco plc, Golar LNG , ChampionX , Borr Drilling, and APA
HMH, formed in October 2021 through the merger of Baker Hughes' Subsea Drilling Systems business and Akastor ASA's MHWirth AS, is a leading provider of drilling solutions. The company offers a comprehensive portfolio of drilling equipment, services, and systems for oil and gas operations, both offshore and onshore. HMH is also expanding its offerings to adjacent industries such as mining.
Positive
- Appointment of an experienced industry leader as Chairman
- HMH's strong position as a premier drilling solutions provider
- Diversification into adjacent industries like mining
Negative
- None.
FORNEBU,
Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles such as CEO, Chairman, and Board member at major companies, including Ensco plc, Golar LNG Ltd, ChampionX Corporation, Borr Drilling, and APA Corporation.
A copy of HMH's announcement with further details can be found on their webpage; https://hmhw.com/news/.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
Oyvind.paaske@akastor.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
About HMH
HMH is a premier drilling solutions provider, which was formed as an independent company in October 2021 through the merger of Baker Hughes' (Nasdaq: BKR) Subsea Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS. HMH is a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. HMH's global reach, technical expertise and innovative product offerings, coupled with its integrated operations from manufacturing to aftermarket services, allow HMH to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment it provides. In addition, HMH is growing its portfolio of products and services to adjacent industries, such as mining. The complexity and criticality of HMH's installed equipment drive customers to choose HMH for their aftermarket support, particularly in the offshore environment, which is subject to extensive regulation. For further information, please visit homepage: https://hmhw.com/
About Akastor
Akastor is a
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SOURCE Akastor ASA
FAQ
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