RPC Appoints Industry Veteran Gary Kolstad to Enhance Leadership and Strategic Direction
- RPC, Inc. appoints Gary Kolstad to its Board of Directors to enhance leadership in oilfield services.
- Kolstad's extensive experience aims to drive innovation and operational excellence within RPC's operations.
- His appointment supports RPC's strategy to improve service offerings and adapt to industry challenges.
RPC, Inc. Welcomes Industry Veteran Gary Kolstad to Board of Directors
RPC, Inc. announces the appointment of Gary Kolstad to its Board of Directors, a strategic move aimed at bolstering the company’s leadership in the oilfield services sector. Kolstad, who possesses a B.S. Degree in petroleum engineering and has pursued studies in psychology and engineering, brings a wealth of experience from his tenure in various oilfield services roles. His extensive background includes leadership positions as Chairman and CEO in both public and private companies, highlighting his capability to navigate the complexities of the oil and gas industry. This appointment is poised to enhance RPC’s strategic direction and operational excellence.
Richard A. Hubbell, Chairman of the Board at RPC, expresses strong confidence in Kolstad's ability to contribute meaningfully to the company’s objectives. With a career marked by significant accomplishments in high-stakes environments, Kolstad’s insights are expected to drive innovation and efficiency within RPC’s operations. His longstanding involvement in multiple advisory boards and as an investor further underscores his commitment and depth of knowledge in the oilfield services landscape. RPC, specializing in a broad spectrum of services and equipment for oil exploration and production, is well-positioned to leverage Kolstad’s expertise to enhance its competitive edge.
The addition of Kolstad to the board aligns with RPC’s ongoing strategy to improve service offerings and solidify its market presence across various key regions, including the Gulf of Mexico and the Appalachian Basin. His appointment comes at a time when the company is seeking to adapt to industry challenges and capitalize on emerging opportunities within both domestic and international markets. RPC aims to utilize Kolstad's leadership experience to foster growth and navigate the evolving demands of oil and gas exploration and production.
In addition to enhancing its board, RPC continues to focus on its core mission of delivering comprehensive oilfield services to both independent and major oil companies. The company emphasizes its commitment to operational excellence and innovation as it strives to meet the increasing needs of its diverse clientele. For further inquiries regarding RPC’s operations or the recent board appointment, interested parties may contact Chief Financial Officer Michael L. Schmit or Vice President of Corporate Finance and Investor Relations Joshua Large.
RPC's investor information, including updates on company developments, is readily available on their website at RPC.net, reflecting the company's transparency and dedication to keeping stakeholders informed. As RPC moves forward, the integration of Kolstad's experience is anticipated to play a pivotal role in navigating the complexities of the oil and gas industry.