Gary Kolstad Appointed to the RPC, Inc. Board of Directors
Rhea-AI Summary
RPC Inc (NYSE: RES) has announced the appointment of Gary Kolstad to its Board of Directors. Kolstad brings significant industry expertise with a B.S. in petroleum engineering and extensive experience in the oil and gas services sector.
Kolstad's background includes serving as Chairman and CEO of public and private companies, following a lengthy career in various oilfield services positions at a major international oil and gas services company. He currently holds multiple Advisory Board Member and Investor positions.
Positive
- Addition of experienced industry veteran with petroleum engineering background to the board
- Brings diverse leadership experience as former Chairman and CEO of public and private companies
Negative
- None.
News Market Reaction 9 Alerts
On the day this news was published, RES declined 5.22%, reflecting a notable negative market reaction. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $58M from the company's valuation, bringing the market cap to $1.05B at that time.
Data tracked by StockTitan Argus on the day of publication.
Richard A. Hubbell, Chairman of the Board of RPC, Inc. stated, "Gary Kolstad's industry experience has been beneficial to the boards on which he has served. We look forward to his contributions to our board in the years ahead."
RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout
For information about RPC, Inc. or this event, please contact:
Michael L. Schmit
Chief Financial Officer
(404) 321-2140
irdept@rpc.net
Joshua Large
Vice President, Corporate Finance and Investor Relations
(404) 321-2152
jlarge@rpc.net
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SOURCE RPC, Inc.
