Retirement of Chief Executive
Hunting PLC (LSE: HTG), the precision engineering group, today announces that Jim Johnson, Chief Executive, has given notice of his intention to retire as a Director of the Company by mid-2027.
As part of the long-term succession plans of the Company, the Nomination Committee has initiated a process to appoint a successor to Mr Johnson, which will give consideration to both internal and external candidates that can lead Hunting through the next phase of its growth.
Mr Johnson has held senior management positions within Hunting from 1992 up to his appointment as Chief Operating Officer of the Group in 2011. He was appointed as Chief Executive in 2017 and has guided Hunting through a period of significant development as the Group looks to deliver on the Hunting 2030 Strategy announced in 2023.
Further updates on the search process will be provided in due course. Commenting on Jim Johnson’s retirement, Stuart M. Brightman, Hunting’s Company Chair said:
“Jim’s long tenure at Hunting is testament to the strong culture of the organisation. His leadership of the Company since his appointment as Chief Executive in 2017 has been exceptional and I want to place on record my heartfelt thanks for all his hard work on behalf of the wider Hunting team.
Having successfully led the repositioning of the Group since 2020, particularly in relation to our subsea and offshore businesses, Jim will leave the Company in a strong position to capitalise on future energy and power demand and I look forward to continuing to work with him over the coming months to ensure an orderly hand over to his successor in due course."
Jim Johnson, Chief Executive added:
“It has been a huge privilege to play a part in the Hunting story and to have led the business over the last nine years. I am very proud of how Hunting has navigated a period of almost unprecedented change to emerge as one of the leading businesses in our sector and would like to thank all of my Hunting colleagues for their hard work, dedication and commitment in making the business what it is today. I look forward to working with the Board and my eventual successor in the months ahead.”
The person responsible for arranging the release of this announcement on behalf of the Company is Ben Willey, Company Secretary.