H&P Inc. announced today an enhanced leadership structure with three important promotions.

Effective Oct. 1, 2025, Raymond John (“Trey”) Adams III has been promoted to President, leading all the company’s revenue-generating business units. Senior executives reporting to Adams will be:

• Mike Lennox, who has been promoted to Executive Vice President (EVP) of Western Hemisphere Land operations
• John Bell, who has been promoted to EVP of Eastern Hemisphere Land operations
• Ole Maier, Senior Vice President (SVP) for Worldwide Offshore operations
• Rebecca Clarke, SVP and President of BENTEC

“I am proud of what our leadership team has accomplished in this challenging market,” said John Lindsay, Chief Executive Officer. “Trey’s promotion to President, along with the promotions of Mike Lennox and John Bell to Executive Vice Presidents, reflect the strength and readiness of our people to lead the company forward. This is the team, after all, that has positioned H&P as the world’s leading land driller. Now they are ready to take H&P to even higher levels of performance and growth.”

“Now is the right time to make these promotions,” explained Hans Helmerich, Chairman of the Board. “The initial integration of the KCAD acquisition is nearing completion and the company’s expanded global footprint across four continents creates important opportunities for growth. Trey and the leadership team have been shaping multiple growth initiatives and will be responsible for carrying them forward over the years.”

Adams will become only the 5th President in the Company’s 105-year history. After joining in 2008, he has worked across nearly every part of the business, leading efforts to blend drilling know-how with technology solutions that deliver win-win results. As President of a global company, Adams will divide his time between North America, the U.K. and the Middle East, with an early focus on embedding H&P’s capabilities into Middle East markets.

Lennox, now EVP of Western Hemisphere land operations, joined H&P in 2008 and brings unmatched operational expertise and proven leadership. He has guided H&P’s largest business segment while setting high standards for safety, performance, and culture. He has also built strong, long-standing customer relationships and advanced strategic initiatives that strengthened H&P’s competitive position. Most recently, he has overseen the integration of H&P and KCAD operations in South America while ensuring ongoing strength and consistency across North America Solutions.

Bell, now EVP of Eastern Hemisphere land operations, joined H&P in 1998 and brings a proven track record of global growth and innovation. He pioneered H&P’s FlexRig® operations in the Middle East, played a central role in the KCAD acquisition, and led successful entries into Saudi Arabia and Australia by creating new partnership models tailored to customer needs. Recognized for both his commercial creativity and operational expertise, Bell is well-positioned to accelerate H&P’s international expansion and deliver long-term value.

Together, these promotions demonstrate a depth of leadership experience that will guide H&P into its next phase of growth.