Helmerich & Payne (HP) has released an update.
Mark W. Smith has announced his retirement as Senior Vice President and Chief Financial Officer from Helmerich & Payne, Inc., effective no later than August 15, 2024. There’s no dispute behind his departure, and the company is actively seeking his replacement. Following his retirement, Smith will serve as a non-executive Senior Advisor until the end of 2024, maintaining his salary and benefitting from existing equity awards and a potential annual bonus for 2024. His transition includes a non-compete clause and a release of claims in favor of the company.
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