Vice president and chief financial officer at the drilling contractor Helmerich & Payne has informed the company of his intention to retire in 2018.
H&P said on Thursday that Juan Pablo Tardio would be retiring from the company in June of next year.
The company added that it would soon begin a comprehensive search for CFO candidates. Tardio will continue to serve in his current role until a successor is found and has an opportunity to effectively transition into that position.
President and CEO John Lindsay said: “We would like to thank Juan Pablo for his many years of service to the company and contributing greatly in his seven years as CFO.
“He has played an important role at a time when our company transformed into the clear market leader in our industry sector. His professionalism and integrity have served and represented the company in outstanding fashion.
“We are very grateful for his contributions, leadership and distinguished service. Juan Pablo’s retirement in no way represents a shift in our general approach to the company’s financial management, including capital allocation.”
Tardio, who will be retiring after 17 years with the organization, said: “This is a great company and I feel privileged to be a part of it. As I also reflect on personal life pursuits, however, I believe that the time is right for me to retire. There is a deep sense of satisfaction for what we have accomplished, and I look forward to fully supporting the transition to the new CFO.”