Helmerich & Payne Updates Executive Leadership Team
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Should l Buy HP?
Helmerich & Payne announced updates to its executive leadership team following Trey Adams' appointment as President and CEO on March 4, 2026. As part of these updates, the company announced that Kevin Vann, SVP and CFO, will retire from his role effective June 30, 2026. Todd Scruggs, currently Vice President, Corporate Finance and Treasury, has been appointed SVP and CFO effective July 1, 2026. Vann will remain in his role through June 30 and will continue serving as a senior advisor through December 31, 2026, to support a smooth transition.
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Analyst Views on HP
Wall Street analysts forecast HP stock price to fall
13 Analyst Rating
6 Buy
6 Hold
1 Sell
Moderate Buy
Current: 35.840
Low
26.00
Averages
31.45
High
36.00
Current: 35.840
Low
26.00
Averages
31.45
High
36.00
About HP
Helmerich & Payne, Inc., through its subsidiaries, designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. It develops and implements advanced automation, directional drilling and survey management technologies. Its segments include North America Solutions, International Solutions, and Offshore Gulf of Mexico. The North America Solutions segment has operations which are located in Texas and other states, including Colorado, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, and West Virginia. The Offshore Gulf of Mexico segment has operations that are located in Louisiana and in the United States federal waters in the Gulf of Mexico. The International Solutions segment has rigs and/or services located in five international locations: Argentina, Australia, Bahrain, Colombia, and Saudi Arabia. It owns and operates a number of commercial real estate properties located in Tulsa, Oklahoma.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Industry Impact: The smuggling case not only pressures Super Micro but may also benefit other equipment manufacturers like Cisco and Hewlett Packard Enterprise, highlighting the dynamic shifts within the industry as companies vie for growth in the expanding AI market.
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- New CFO Appointment: Todd Scruggs has been appointed as Chief Financial Officer, succeeding Kevin Vann, who will retire on June 30, 2026; Scruggs' appointment underscores the company's commitment to internal leadership strength and his deep knowledge of financial priorities.
- Financial Strategy Focus: Scruggs has pledged to concentrate on disciplined capital allocation and strong financial performance, aiming to support Helmerich & Payne's long-term value creation, indicating ongoing improvements in financial management.
- Transition Support: Vann will continue as a senior advisor until December 31, 2026, to ensure a smooth transition, highlighting the company's emphasis on leadership stability during this critical period.
See More
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- Market Impact: While the effects in major markets like Saudi Arabia and the UAE are currently deemed 'marginal', analysts note that the Hormuz blockade has forced producers to curtail output, rapidly filling storage facilities and potentially straining future supply chains.
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See More
