IN BRIEF: Hunting Chief Executive Johnson to step down

Hunting PLC - London-based provider of equipment and engineering services to the oil and gas industry - Chief Executive Jim Johnson gives notice of his intention to retire as a director by mid-2027. Hunting’s nomination committee has started the process to appoint his successor. Says it will consider both internal and external candidates, with further updates to be provided in due course. Notes that Johnson has held senior management roles at Hunting from 1992, and became chief operating officer in 2011, before his promotion to CEO in 2017.

Chair Stuart Brightman comments: ‘Having successfully led the repositioning of the group since 2020, particularly in relation to our subsea and offshore businesses, Jim will leave the company in a strong position to capitalise on future energy and power demand and I look forward to continuing to work with him over the coming months to ensure an orderly hand over to his successor in due course.’

Current stock price: 457.00 pence, down 1.8% on Monday in London

12-month change: up 79%

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