Precision Drilling Corporation Announces the Appointment of Carey Ford as President and Chief Executive Officer and the Retirement of Kevin Neveu
Precision Drilling (NYSE:PDS) announced on October 6, 2025 that Carey Ford has been appointed President and Chief Executive Officer and added to the Board, succeeding Kevin Neveu, who retired after serving as President and CEO since 2007.
Mr. Ford joined Precision in 2011 and served as Chief Financial Officer since 2016, leading finance, capital markets, corporate development and operational support functions. The Board also named Gene Stahl as Chief Operating Officer (28+ years with the company) and Dustin Honing as Chief Financial Officer (nearly 15 years with the company). Mr. Neveu will remain in an advisory role to support the transition.
Precision Drilling (NYSE:PDS) ha comunicato il 6 ottobre 2025 che Carey Ford è stato nominato Presidente e Amministratore Delegato e aggiunto al Consiglio, succedendo a Kevin Neveu, che si è ritirato dopo aver ricoperto il ruolo di presidente e CEO dal 2007.
Il signor Ford è entrato in Precision nel 2011 e ha ricoperto il ruolo di Chief Financial Officer dal 2016, guidando i settori finanza, mercati dei capitali, sviluppo aziendale e funzioni di supporto operativo. Il Consiglio ha inoltre nominato Gene Stahl come Chief Operating Officer (più di 28 anni con l'azienda) e Dustin Honing come Chief Financial Officer (quasi 15 anni con l'azienda). Il signor Neveu rimarrà in veste consultiva per supportare la transizione.
Precision Drilling (NYSE:PDS) anunció el 6 de octubre de 2025 que Carey Ford ha sido nombrado Presidente y Director Ejecutivo y se incorporó al Consejo, sucediendo a Kevin Neveu, quien se retiró tras desempeñar el cargo de Presidente y CEO desde 2007.
El Sr. Ford se unió a Precision en 2011 y se desempeñó como Director Financiero desde 2016, liderando finanzas, mercados de capital, desarrollo corporativo y funciones de soporte operativo. El Consejo también nombró a Gene Stahl como Director de Operaciones (COO) (más de 28 años con la compañía) y a Dustin Honing como Director Financiero (CFO) (casi 15 años con la empresa). El Sr. Neveu permanecerá en un rol asesor para apoyar la transición.
Precision Drilling (NYSE:PDS)는 2025년 10월 6일에 Carey Ford가 사장 겸 최고경영자(CEO)로 임명되고 이사회에 합류했으며 사장 겸 CEO로 2007년부터 재직한 Kevin Neveu가 은퇴했다고 발표했습니다.
포드 씨는 2011년 Precision에 입사했으며 2016년부터 최고재무책임자(CFO)로 재직하며 재무, 자본시장, 기업 개발 및 운영 지원 기능을 이끌었습니다. 이사회는 또한 Gene Stahl을 최고운영책임자(COO)로, Dustin Honing을 최고재무책임자(CFO)로 각각 임명했습니다(회사와 함께 28년 이상, 거의 15년). Neveu 씨는 전환을 돕기 위한 자문 역할을 유지할 것입니다.
Precision Drilling (NYSE:PDS) a annoncé le 6 octobre 2025 que Carey Ford a été nommé Président et Directeur général et a intégré le Conseil d'administration, succédant à Kevin Neveu, qui a pris sa retraite après avoir occupé les fonctions de président et PDG depuis 2007.
M. Ford a rejoint Precision en 2011 et a occupé le poste de directeur financier depuis 2016, en dirigeant les finances, les marchés de capitaux, le développement d'entreprise et les fonctions de support opérationnel. Le Conseil a également nommé Gene Stahl au poste de Chief Operating Officer (COO, plus de 28 ans au sein de l'entreprise) et Dustin Honing au poste de Chief Financial Officer (CFO, près de 15 ans avec l'entreprise). M. Neveu restera dans un rôle consultatif pour soutenir la transition.
Precision Drilling (NYSE:PDS) kündigte am 6. Oktober 2025 an, dass Carey Ford zum Präsidenten und Chief Executive Officer ernannt und in den Vorstand aufgenommen wurde, als Nachfolger von Kevin Neveu, der nach dem Zeitraum seit 2007 als Präsident und CEO in den Ruhestand ging.
Herr Ford trat 2011 bei Precision ein und war seit 2016 Chief Financial Officer, leitete Finanzen, Kapitalmärkte, Unternehmensentwicklung und operative Unterstützungsfunktionen. Der Vorstand benannte außerdem Gene Stahl zum Chief Operating Officer (COO, über 28 Jahre im Unternehmen) und Dustin Honing zum Chief Financial Officer (CFO, fast 15 Jahre im Unternehmen). Herr Neveu wird eine beratende Rolle übernehmen, um den Übergang zu unterstützen.
Precision Drilling (NYSE:PDS) أعلنت في 6 أكتوبر 2025 أن كيري فورد عُين رئيساً تنفيذياً وعضواً في المجلس وانضم إلى المجلس، خلفاً لكيفن نييفو الذي تقاعد بعد أن شغل منصب رئيس وCEO منذ 2007.
انضم السيد فورد إلى Precision في 2011 وشغل منصب المدير المالي منذ 2016، وقاد أقسام المالية وأسواق رأس المال والتطوير المؤسسي ووظائف الدعم التشغيلي. كما عين المجلس جين ستاهل كـ Chief Operating Officer (COO) لأكثر من 28 عاماً مع الشركة ودستن هونيغ كـ Chief Financial Officer (CFO) لحوالي 15 عاماً مع الشركة. سيظل السيد نييفو في دور استشاري لدعم الانتقال.
Precision Drilling (NYSE:PDS) 于 2025年10月6日 宣布任命 Carey Ford 为主席兼首席执行官并加入董事会，接替自2007年以来担任董事长兼首席执行官的 Kevin Neveu 的离任。
Ford 先生于2011年加入 Precision，自2016年起担任首席财务官（CFO），领导财务、资本市场、企业发展和运营支持职能。董事会还任命 Gene Stahl 为首席运营官（COO，在公司工作超过28年），Dustin Honing 为首席财务官（CFO，在公司工作近15年）。Neveu 先生将保留顾问角色以支持过渡。
- Internal succession: Carey Ford promoted from CFO to CEO
- Leadership continuity: CEO successor has worked at Precision since 2011
- Senior team depth: COO and CFO roles filled by long-tenured executives (28 and ~15 years)
- CEO change: Kevin Neveu retired after 18 years as President and CEO
CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) -- The Board of Directors (the Board) of Precision Drilling Corporation (Precision) announced today that, as part of its long-standing succession plan, Mr. Carey Ford has been appointed as President and Chief Executive Officer and as a member of the Board. He succeeds Kevin Neveu, who has retired after serving as President and Chief Executive Officer and as a member of the Board since 2007.
Mr. Ford joined Precision in 2011 and has served as Chief Financial Officer since 2016, guiding the company’s financial strategy and strengthening investor confidence through several industry cycles. He has also led all finance, capital markets, and corporate development activities and multiple operational support functions during his time as Chief Financial Officer, giving him a deep understanding of Precision’s business and its global operations.
“Stepping into the President and Chief Executive Officer role is a privilege and carries a responsibility that I enthusiastically embrace. Precision is a world-class organization with the industry’s best people, all of whom are dedicated to serving our customers and operating safely, a team I am proud to lead. I am grateful to the Board for their confidence in me and am excited to guide our organization into its next phase of growth,” said Mr. Ford.
The Board also announced two key leadership appointments. Gene Stahl has been appointed Chief Operating Officer, bringing more than 28 years of experience with the company, including leadership in marketing and North American drilling operations, and representing Precision by serving in senior leadership positions in prominent energy industry associations. Dustin Honing has been named Chief Financial Officer after nearly 15 years with Precision, where he advanced through accounting, finance, operational support, and investor relations roles, most recently serving as Vice President, Operations Finance.
“The Board is pleased to appoint Mr. Ford as President and Chief Executive Officer and has full confidence in his proven leadership. Supported by a strong senior leadership team and the dedication of employees across the organization, Precision will continue to advance its technology-driven strategy, uphold disciplined capital management, and deliver sustainable long-term value for all stakeholders,” said Mr. Steve Krablin, Chairman of the Board.
Mr. Neveu will continue in an advisory role to ensure a seamless transition of duties and responsibilities to Mr. Ford. The Board would like to thank Mr. Neveu for his many contributions and leadership during his 18 years with Precision.
About Precision
Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as AlphaTM that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreenTM suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.
Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.
Additional Information
For more information about Precision, please visit our website at www.precisiondrilling.com or contact:
Lavonne Zdunich, CPA, CA
Vice President, Investor Relations
403.716.4500
800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS
Certain statements contained in this news release, including statements that contain words such as “will”, and similar expressions and statements relating to matters that are not historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, forward-looking information and statements).
These forward-looking information and statements are based on certain assumptions and analysis made by Precision in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances.
Undue reliance should not be placed on forward-looking information and statements. Whether actual results, performance or achievements will conform to our expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from our expectations.
Additional information on these and other factors that could affect our business, operations or financial results are included in reports on file with applicable securities regulatory authorities, including but not limited to Precision’s Annual Information Form for the year ended December 31, 2024, which may be accessed on Precision’s SEDAR+ profile at www.sedarplus.ca or under Precision’s EDGAR profile at www.sec.gov. The forward-looking information and statements contained in this news release are made as of the date hereof and Precision undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by law.
FAQ
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