Business
Appointment of Chairman
Appointment of Chairman.
About this update from Hunting Plc
[{"type":"text","content":"\n \nRNS Number : 0646P Hunting PLC 29 August 2017 \n\n\n\n\n\n\n\n\n29 August 2017\n\n\n\n\n \n \n \n \n \n \nHunting PLC\n \n(\"Hunting\" or the \"Company\" or the \"Group\")\n \nAppointment of Chairman\n \nHunting PLC (LSE:HTG) is pleased to announce the appointment of John (\"Jay\") Glick as non-executive Chairman of the Board with effect from 1 September 2017.\n \nJay will succeed Richard Hunting who on the same date will step down as Chairman after 26 years, but will remain on the Board as a non-independent, non-executive Director.\n \nThe succession process has been led by John Hofmeister, Hunting's Senior Independent Director.\n \nJay Glick\n \nJay was appointed as a non-executive Director on 2 February 2015 and has served on the Company's Audit, Nomination and Remuneration Committees since his appointment to the Board. \n \nPrior to joining Hunting, Jay was President and Chief Executive Officer of Lufkin Industries Inc. from 2008 to 2013, when Lufkin was acquired by General Electric Company. Between 1974 and 1994 Jay held several senior management roles within Cameron International Corporation and its predecessor companies. Jay is currently a non-executive director of TETRA Technologies Inc., a NYSE listed oil services company.\n \nJay is a US citizen and is resident in Houston, Texas, USA.\n \nMr Glick will also Chair the Board's Nomination Committee.\n \nFollowing consultation with the Remuneration Committee, Mr Glick's annual fee for chairing the Company and the Nomination Committee will be £175,000, with effect from 1 September 2017.\n \nRichard Hunting C.B.E.\n \nRichard was elected an executive Director and deputy Chairman on the formation of Hunting PLC in 1989 and has been Chairman of the Board since 1991. In 2011, Richard moved from an executive to a non-executive role. The Board appreciates Richard's service and leadership over these many years.\n \nBoard Committees\n \nFollowing the appointment of Mr Glick as Chairman of the Company and the Nomination Committee, Jay will step down as a member of the Audit and Remuneration Committees in line with UK governance recommendations. Mr Hunting will step down as a Chairman of the Nomination Committee and join the Audit Committee.\n \nFrom 1 September 20...