HMH Appoints New Independent Board Chair Dan Rabun to Board of Directors

Business Wire 21-Oct-2024 9:00 AM

HMH announced today that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024.

Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles as CEO, Chairman, and Board member across multiple major companies. He joined Ensco plc in 2006 as President and Board member, later becoming CEO in 2007 and Chairman in 2007. He retired from Ensco in 2014 and as Chairman in 2015. He also held key positions with Golar LNG Ltd, including Chairman from 2015 to 2017, and currently serves as non-executive Chairman of ChampionX Corporation and as a Director of Borr Drilling. He has also served on the Board of APA Corporation, where he was a member of key committees until May 2024. As a former partner at Baker & McKenzie LLP, Mr. Rabun holds a CPA license and a law degree, bringing both legal and financial expertise to his extensive leadership experience.

Eirik Bergsvik, HMH Chief Executive Officer, says, "We are excited to welcome Dan Rabun to the HMH Board of Directors. His extensive industry experience will be instrumental as we continue to strengthen our operations and explore strategic opportunities. I look forward to working closely with Dan to drive long-term value for our stakeholders."

Dan Rabun says, "I am honored to join HMH as Chairman of the Board during such an exciting time for the company. HMH has a strong foundation in the drilling sector, and I look forward to working with the Board and leadership team to build on that success, explore new opportunities, and help guide the company through its next phase of growth and strategic development in order to create value for the shareholders."

About HMH

HMH is a premier drilling solutions provider, which was formed as an independent company in October 2021 through the merger of Baker Hughes' (NASDAQ:BKR) Subsea Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS.

HMH is a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. HMH's global reach, technical expertise and innovative product offerings, coupled with its integrated operations from manufacturing to aftermarket services, allow HMH to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment it provides. In addition, HMH is growing its portfolio of products and services to adjacent industries, such as mining. The complexity and criticality of HMH's installed equipment drive customers to choose HMH for their aftermarket support, particularly in the offshore environment, which is subject to extensive regulation.

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