August 29, 2017 / 6:48 AM / 4 months ago

UK's Hunting says chairman to step down after 26 yrs

Aug 29 (Reuters) - Oilfield services company Hunting Plc said its chairman, Richard Hunting, would step down next month after nearly three decades at the helm.

The company, which provides drilling and infrastructure support to oil explorers, said it had appointed John Glick as chairman, effective Sept. 1.

Hunting, who was elected as deputy chairman in 1989 and became chairman in 1991, will remain with the company as a non-independent, non-executive director.

Glick, an industry veteran, was appointed as a non-executive director in 2015.

The British company earlier this month promoted COO Jim Johnson as Chief Executive.

The company reported a smaller first-half loss last week as U.S. shale companies drilled more wells, boosting demand for equipment and services. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Gopakumar Warrier)

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