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RPC Inc. Shuffles Management Team

Share Print Bookmark    |    Tuesday,May 17,2022

RPC, Inc. announced several changes within its senior leadership team and among its Board of Directors.

The following changes to RPC's Executive Officers and Board of Directors are effective immediately:

• The transition of Richard A. Hubbell, President and Chief Executive Officer, to Executive Chairman of the Board of Directors;
• The relinquishment by Gary W. Rollins of his position as RPC's Non-Executive Chairman of the Board, while continuing as an RPC Director;
• The promotion of Ben M. Palmer, Chief Financial Officer, to President and Chief Executive Officer, and his election by the Board as a Class I Director;
• The appointment of Michael L. Schmit to Chief Financial Officer and Corporate Secretary.

Management Profiles

• Richard A. Hubbell previously served as President of RPC, Inc. since 1987 and CEO since April 2005. He has also served as a Director of RPC. Mr. Hubbell is currently the Executive Chairman of the Board of Marine Products Corporation, and he previously served as President and Chief Executive Officer of Marine Products since its formation in 2001. Previously, Mr. Hubbell served as the Executive Vice President of Rollins Communications, Inc.

• Ben M. Palmer previously served as Chief Financial Officer of RPC, Inc. since 1996 and as Corporate Secretary since 2018. Mr. Palmer is currently the President and Chief Executive Officer, and a Director of Marine Products Corporation. He previously served as Chief Financial Officer of Marine Products since its formation in 2001 and as Corporate Secretary since 2018. Prior to this, Ben held several positions in financial management and public accounting.

• Michael L. Schmit joins RPC from SWM International, where he served as Chief Accounting Officer and Corporate Controller. Prior to that, he served as the Chief Accounting Officer and Corporate Controller of Chart Industries. Earlier in his career, Mike worked for other public companies and in public accounting, both in the U.S. and Australia. Mike holds a CPA certification as well as several other related professional designations. Effective today, he is also the Chief Financial Officer and Corporate Secretary of Marine Products Corporation.