Parker Drilling Announces Retirement of President and CEO Gary Rich
PARKER DRILLING (PKD)
Last parker drilling earnings: 11/5 04:20 pm
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US:NYSE Investor Relations:
investors.parkerdrilling.com
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Source: PR Newswire
HOUSTON, July 15, 2019 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) ("Parker" or the "Company") today announced that Gary Rich has decided to retire from his roles as President, Chief Executive Officer, and Director of Parker Drilling later this year. Rich plans to remain in his current roles for an interim period to support a smooth transition. The Board of Directors will engage a search firm to conduct a comprehensive search for a permanent successor.Parker Drilling Chairman Eugene Davis noted, "Parker Drilling owes a tremendous debt of gratitude to Gary Rich, who oversaw a disciplined strategy to refocus the Company and maintain a strong reputation for reliability, innovation and efficiency amid one of the most challenging markets in the Company's history. Gary led the Company through the industry downturn and successfully worked closely with several stakeholders to put the Company on the right path for the future."President and CEO Gary Rich stated, "It has been one of
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