RPC, Inc. CEO Ben Palmer to retire by end of 2026

RPC, Inc. (NYSE: RES), an oilfield services company based in Atlanta, announced that President and CEO Ben M. Palmer plans to retire and step down from the Board of Directors by the end of 2026, concluding a 30-year career with the company.

Palmer has served as President and CEO since 2022, and previously held the role of Chief Financial Officer and Treasurer beginning in 1996. He will continue in his current role until a successor is named or until December 31, 2026, after which he will remain in an advisory capacity to support the leadership transition.

The Board of Directors has initiated a formal search for Palmer's replacement and intends to engage an independent search firm. The search is expected to conclude before the end of 2026.

Richard A. Hubbell, Executive Chairman of the Board, credited Palmer with strengthening the company's financial foundation and expanding its service lines during his tenure. "Ben has been instrumental across every corner of RPC, strengthening our financial foundation, advancing our strategic priorities, and positioning the Company to compete effectively in the dynamic oilfield services sector," Hubbell said.

Palmer said in a statement that he believes "this is the right moment for RPC to transition to its next generation of executive leadership."

Patrick J. Gunning, Lead Independent Director, described the transition as a product of the Board's succession planning process, adding that the search will aim to appoint a leader who will build on RPC's diversified platform.

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