Executive Leadership Update and CFO Transition

Helmerich & Payne, Inc. announced leadership changes effective March 10, 2026. J. Kevin Vann will retire as Senior Vice President and Chief Financial Officer on June 30, 2026. Todd Scruggs, currently Vice President of Corporate Finance and Treasurer, will succeed Mr. Vann as SVP and CFO starting July 1, 2026. Mr. Scruggs brings extensive experience from energy sector roles, including his tenure at WPX Energy and as a Partner at Veriten. His annual base salary will increase to $475,000, with a target bonus of 90% of base salary for calendar 2026. Mr. Vann will transition to a Senior Advisor role until December 31, 2026, receiving a reduced salary and a one-time bonus of $750,000. This transition aligns with the company's strategic priorities under new CEO Trey Adams.