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ProPetro Holding Corp. (NYSE: PUMP) filed a Form 8-K to announce a key executive change. Effective 14 July 2025, Caleb L. Weatherl (age 38) will become Chief Financial Officer, succeeding Celina A. Davila as the company’s principal financial officer after the June-quarter 10-Q is filed. Ms. Davila will remain Chief Accounting Officer.
Mr. Weatherl brings more than a decade of senior leadership experience in upstream oil & gas, including prior roles as CEO of Garrison Energy (May 2023–Sep 2024) and President/CFO of Stronghold Energy II (Dec 2017–Oct 2022). He holds both an A.B. in economics and an MBA from Harvard.
The Compensation Committee approved the following terms:
- Annual base salary: $525,000
- Target annual cash bonus: 90 % of base salary under the Executive Incentive Bonus Plan
- Equity grant on appointment: 100,482 restricted stock units and 100,482 performance share units under the 2020 LTIP
- Participation in Vehicle Allowance Program, reimbursement of certain club dues, standard executive benefits
- Designation as a Tier 2 Executive under the Executive Severance Plan
ProPetro also executed an Indemnification Agreement offering the maximum protection allowed under Delaware law. A press release dated 14 July 2025 (Exhibit 99.1) publicly disclosed the appointment.
No family relationships or selection arrangements were reported. All other disclosure items (Reg FD, exhibits) are routine.